It's fun to say, "Product Management Teams should be ranked by producing successful products -Themore successful the product, the higher ranked the team." In reality, there's more to the success of aproduct than the Product Management Team. So how do you rank the Product Management Team?Maybe more importantly, "How do you nurture and grow your team?"I've identified eight elements that all successful Product Management teams have in common. It's thework of every team member to ensure the existenc...

I've blogged in the past about the Seven Pillars of Product Management and indicated that theactivities of each of the pillars are asynchronous. We tend to think of the Seven Pillars as if they were aframework of process flowing from left to right, which isn't correct. The Seven Pillars are asynchronousactivities working concurrently. Each Pillar consumes and produces stock piles of product managementassets such as the problem statement or market requirement. The Seven Pillars are adapted to man...

Today at Ryma, we’re quite proud to announce that we’ve been awarded a patent for a new customer feedback methodology that was developed in-house. The solution will be of great benefit to product managers looking to fully leverage customer feedback, as it increases the amount of information collected from surveyed clients and then ranks the information in the survey outcomes to help define priorities. The methodology itself works by increasing the number of responses to survey questions by decr...

One factor in defining the potential business opportunity early in the innovation process of various problem statements is the Technology Readiness Level (TRL) estimate. This is a number from 1-9. I've included a table that aligns the TRL with the required innovation type and the sub-portfolio it belongs to. Typically, the product management team wants to manage the innovation portfolio so that 10% of the features being developed in a roadmap interval  belongs in the Transformational sub-p...

Are you a member of the product management team or innovation group? Are you a product manager, or an innovation controller? What is the difference between innovation and product management? I think the problem resides in the definition of these two concepts; product management and innovation. So let's grab the Oxford Dictionary and take a look. It tells us that innovation is "The action of innovating; introducing a new product into the market; a product newly brought on to the market. To chang...