Quotes & Sayings About Product Management

Your daily actions should be productive — Sunday Adelaja

Brainstorm your big idea(s). (2 hrs) Identify your product, customer, competition, and sales/marketing strategy. (2 hrs) Identify your plan for operations, management, capitalization, and finances. (4 hrs) Create a life plan. (4 hrs) Validate your business idea. (8 hrs) Type up your finished business plan. (4 hrs) Execute and follow through on your plan. — Steven Fies

Only move forward with creating a product that will be "above the bar. — Brian Lawley

There's just one other twist. Googlers working in engineering or product management can nominate themselves for promotion. — Laszlo Bock

Don't focus all your time and effort on creating the templates & perfecting the documents. Answering key product questions is more critical. — Brian Lawley

A good list of questions to ask your advisor will include the following: Where will my money be held? Right answer: Somewhere else! Are you a broker? Right answer: No! Are you a dually registered advisor? Right answer: No! Do you or any affiliate have proprietary investments of any kind? Right answer: No! How are you compensated? Right answer: Total disclosure in writing and never make commissions on any investment product. What are the credentials of you and/or your team? Right answer: If planning is involved, a CFP is ideal to have on the team. What is your planning and investment management approach? Right answer: The firm should follow a coherent philosophy rather than a bunch of different strategies (unprincipled) and should follow an approach that does not involve market timing or active trading. — Peter Mallouk

Management has to provide the coordinating mechanism between what the supplier provides and what the user needs in not-good-enough situations where product architecture is consequently interdependent. Management always beats markets when there is not sufficient information. — Clayton Christensen

For CEOs today, it's all about acheieving growth and efficiency through innovation. It's not about product innovation so much anymore as about innovating business models. process, culture and management. — Ginni Rometty

Give your product a personality. 37signals may not sell the best project management software in the world, but it has personality. The 37signals team stands for something: uncompromising simplicity. Want an extra feature? Tough. If you want features, buy something else. — Neil Davidson

For the existing enterprise, whether business or public-service institution, the controlling word in the term 'entrepreneurial management' is 'entrepreneurial'. For the new venture, it is 'management'. In the existing business, it is the existing that is the main obstacle to entrepreneurship. In the new venture, it is its absence. The new venture has an idea. It may have a product or a service. It may even have sales, and sometimes quite a substantial volume of them. It surely has costs. And it may have revenues and even profits. What it does not have is a 'business', a viable, operating, organized 'present' in which people know where they are going, what they are supposed to do, and what the results are or should be. But unless a new venture develops into a new business and makes sure of being 'managed', it will not survive no matter how brilliant the entrepreneurial idea, how much money it attracts, how good its products, nor even how great the demand for them. — Peter F. Drucker

One reason product management is such an appealing career is you get to sit at the intersection of technology, business, and design. — Gayle Laakmann McDowell

1. Project What is the project? Why is it unique? Why is the business needed? Why will customers love your product? 2. Partners Who are you? Who are the partners? What are your educational backgrounds? How much experience do you all have? How are you and your partners qualified to make the project a success? 3. Financing What is the total cost of the project? How much debt and how much equity is there? Are partners investing their own money? What is the investor's return and reward for their risk? What are the tax consequences? Who is your CFO or accounting firm? Who is responsible for investor communications? What is the investor's exit? 4. Management Who is running your company? What is their experience? What is their track record? Have they ever failed? How does their experience relate to your industry? Do you believe this is the strongest management team you can assemble? Can you pitch them with confidence? — Donald J. Trump

Inherently, Larry & Serge aren't paper-oriented - they're product oriented. If they have another 10 minutes, they want to make something better. They don't want to take 10 minutes to tell you something they did.
- Terry Winograd — Steven Levy

What you want to do is innovate on your product and your business model, management structure is not where I would try and innovate. — Sam Altman

Success is the delivery of a product that meets expectation — James Leal

To achieve Operational Excellence, management has to coach, guide, teach, and instill the concept of getting rid of the use of management in supporting the flow of product to the customer — Kevin J. Duggan

Product investment, quality management, and all the things that are key for a car company - great, there has been no compromise in those aspects. But I feel there's a lot we could do on communication, particularly from a Chinese perspective. — Li Shufu

Microsoft has built loyalty at the end-user level, including upper management, .. That works for a while in the early stages of a product, but after a couple of years the blush fades from the rose. It's reality versus marketing. — Murphy J. Foster Jr.

Methodology must be flexible. Companies often don't adopt the materials & methods they were trained on because they aren't flexible enough. — Brian Lawley

Around 1900 a sales executive discovered a "scientific" principle of sales management. It received a lot of publicity and even found its way into textbooks. The principle was this: There is one best way to sell a product. Find the best way. Then never deviate from it. — David J. Schwartz

Of course, it is not the employer who pays wages. He only handles the money. It is the product that pays wages and it is the management that arranges the production so that the product may pay the wages. — Henry Ford

The government can destroy wealth but it cannot create wealth, which is the product of labor and management working with creation. — Bill Murray

If you have a workforce that enjoys each other, they trust each other, they trust management, they're proud of where they work - then they're going to deliver a good product. — Jeff Smisek

The essence of Agile movement, whether in new product development, new service offerings, software applications, or project management, rests on two foundational goals: delivering valuable products to customers and creating working environments in which people look forward to coming to work each day. — Jim Highsmith

A great horse is the product of great management." — Cindy McDonald

Performance of management should be measured by potential to stay in business, to protect investment, to ensure future dividends and jobs through improvement of product and service for the future, not by the quarterly dividend. — W. Edwards Deming

Prosperity is a by-product of an effective management of whatever God provides. — Matthew Ashimolowo

By the time I got to be director of product management at Thomas-Conrad, I was in a better negotiating position, as I had accumulated more accomplishments and gained a reputation for having a great work ethic. — Maynard Webb

Engineering-driven companies falsely assume that because they build it, the industry will magically become aware and be willing to buy it. — Brian Lawley

After the launch phase, your product is old news. Take advantage of the opportunity to generate interest when your product is new. — Brian Lawley

A product which is unceremoniously wasted to landfill at end of life surely can't be considered good design! — Neil Tierney

Embrace iteration as the road to improvement, but don't let that lull you into rolling out poorly-thought-out crap. — Kate O'Neill

Not having a specified launch plan and process is one of the biggest pitfalls in the technology market. — Brian Lawley

Any successful hospitality operation - be it a hotel or restaurant, chain or independent, low-cost provider or luxury establishment - requires an effectively performing individual operation. You have to attract the right customers, have the service product, set the right price for your product, and provide the right level of service - all the while managing your employees the right way to achieve your goals. This requires a combination of knowledge from a variety of disciplines, and thus this section includes contributions from our faculty in human resources, management, marketing, operations, and strategy. — Michael C. Sturman

MERIT IS A PRODUCT OF KNOWLEDGE AND TRANSPARENCY — Miguel Reynolds Brandao

The most efficient way to produce anything is to bring together under one management as many as possible of the activities needed to turn out the product. — Peter Drucker

The general systems of money management today require people to pretend to do something they can't do and like something they don't. It's a funny business because on a net basis, the whole investment management business together gives no value added to all buyers combined. That's the way it has to work. Mutual funds charge two percent per year and then brokers switch people between funds, costing another three to four percentage points. The poor guy in the general public is getting a terrible product from the professionals. — John C. Bogle

Time is the one thing we possess. Our success depends upon the use of our time, and its by-product, the odd moment. — Arthur Brisbane

Several national tests have revealed the following startling statistics about why salespeople fail ... 15% Improper training both product and sales skills. 20% Poor verbal and written communication skills. 15% Poor or problematic boss or management. 50% Attitude. — Jeffrey Gitomer

Product management really is the fusion between technology, what engineers do - and the business side. — Marissa Mayer

You meet with a CEO or founder. You talk about sales, engineering, product management and give some ideas or suggestions. And the founder quickly understands that you really can help them both operationally and from a strategic standpoint. — Douglas Leone

The main difference between service and manufacturing is the service department doesn't know that they have a product. — W. Edwards Deming

As much as we think of performance management as numeric and thus perfectly quantifiable, it is as much a product of context and social science as the products we design and develop. — Steven Sinofsky

In our factories, we create flexibility by paying more to workers who can work at more stations on a production line. We value flexibility, and we pay for it. In contrast, most product development organizations exclusively reward specialization. — Donald G. Reinertsen

We are the necessary element since we expend nothing. Management can create its own capital
the profits. Its business would grow and profits increase. Labor would prosper as well, while the price of the product would remain constant, the prosperity of industry, labor and management would continually increase. We Jews glory in the fact that the stupid goy have never realized that we are the parasites consuming an increasing portion of production while the producers are continually receiving less and less. — Harold Wallace Rosenthal

Fifty years later, in the 1920s, the American DuPont Company independently set up a similar unit and called it a Developmental Department. This department gathers innovative ideas from all over the company, studies them, thinks them through, analyses them. Then it proposes to top management which ones should be tackled as major innovative projects. From the beginning, it brings to bear on the innovation all the resources needed: research, development, manufacturing, marketing, finance, and so on. It is in charge until the new product or service has been on the market for a few years. — Peter F. Drucker

Management who fall into this category are often so concerned about digital that they latch on to any idea, no matter how inappropriate. They want quick-fix solutions that will somehow solve digital. That makes them vulnerable to any charlatan with a digital product to sell. — Anonymous

Doing testing with real users (in addition to internal quality testing) can help you avoid the serious embarrassment of a failed product. — Brian Lawley