100 Product Strategies cover image

100 Product Strategies

#36: Balancing Resource Allocation in Multi-Product Strategies

Nov 15, 2023
In this podcast, they discuss resource allocation in multi-product strategies, creating separate product visions, visualizing resource allocation decisions, developing and prioritizing product goals, motivation and challenges of different product teams, and balancing expectation management and iterative strategy.
42:16

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Quick takeaways

  • Having a clear and compelling vision is essential for shaping product strategy and driving innovation.
  • Balancing resource allocation and prioritization is challenging when working with multiple products, but setting strategic themes and regularly revisiting the strategy can help.

Deep dives

The Importance of Vision in Strategy

The podcast episode emphasizes the significance of having a clear vision in shaping product strategy. The guest discusses how the company's vision and product vision are interconnected, allowing them to set priorities and determine where they want to be in the future. By having a compelling vision, they are able to make strategic decisions about which problems to solve and how to drive innovation in their products. The guest also highlights the importance of creating a memorable storyline around the product vision, as stories are easier to remember and evoke emotions, making it more impactful for the team.

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