The Product Folks organized one of the major events in June 2020 by inviting Shreyas Doshi as a speaker to share his wisdom and 15 years of his journey in Product Management in Stripe, Yahoo, Google & Twitter
The event was focused to guide all the aspiring, budding product managers on how to become a great PM but before directly getting into the crux of the topic, Shreyas made us aware about the 3 fundamental parts into the journey of a PM.
To cultivate High Agency, you should have the following
PM should focus on 3 most important senses i.e
To meet the gap between the high competency requirements within this fast-paced world, there is a two-way contract of one’s commitment to self-growth and other’s commitment to the growth of each other in general
Along with the commitment, a PM should follow this framework to assess their hold over their senses.
Simplified strategy for early PM growth
The goal should be to bring all the senses above the median.
Shreyas helped us identify the organizations on their primary driven factor.
A product-driven organization helps you become a great PM because it thinks about the product with a collaborative brainstorming of all the people in the organization whereas PM driven companies can harm your growth where there is a say of just PM only.
“You should be aware of what is healthy is for your growth, IT'S ALL ABOUT PEOPLE THAT YOU WORK WITH”
Lastly, he added which is very important for not just a PM but in general for everybody
“Take 20% time out of your full-time career for learning on a weekly basis, Work is important but productivity is more important.”
Also, a great PM should keep building on his/her strengths and not care about any labels such as data-driven PM or design-focused PM etc.
Challenge is once you label yourself publicly, you are forced to be consistent in the same which you are telling yourself and others, it's good for a good PM but not for a great PM because great PM needs to be versatile in all the skills
To be versatile, PM needs to follow a framework which identifies the areas you need to cover for being a great PM and also there's a debate on product management being an art or a science,if you want to be really great, you should be great at all points shown on that green line.
Being versatile, gives you more options on what company to work for.Great PMs are informed by data and they masterfully blend qualitative and quantitative inputs to make product decisions
Cultivate HIGH AGENCY - Need the motivation to cultivate High Agency - Read “The 7 habits of Highly Effective People by Stephen R. Covey” one more time.
Love the PM CRAFT
Work with GREAT PEOPLE who make you learn
The docs are the product which require thoughts, iterations and collaboration
More information on - Shreyas Linkedin Post
Q: What are some of the latest addition to the PM frameworks
A: Assess and improve your skills using career skills map, it's an evolution of senses assessment
Influential Communication and critical thinking act as pillars, if they don't exist the whole map fall downs, the foundation must be strong
Break each of the skills/sense into component skills and work on each of these components one by one. More information on Tweet link
A: I would like to share one framework , I joined stripe at stage 1 of PMThere are 4 stages in Product management
Q: What are some of the PM skills which are kind of deal breaker for cracking interviews?
A: High Agency
Product sense is really important
Trait- Major Ego, if the candidate are going to put their own agenda/growth before the company -Red flag for candidate
Q: Do we need any credentials required for getting into product management?
A: Any credential will get you to the door but it does not guarantee the journey after that,enroll yourself in those credentials which helps you getting great at the domain/job
Q: What are your thoughts on future of product management
A: I believe there is a positive evolution in product management over the years and for an organization to be successful needs to be good at :
Product Management is the only domain which is deeply involved in each of the above three points.Therefore , Product Management can be highly impactful for organization
Prediction (Might be 50% not true)- In Silicon Valley, as the growth in Product Management is reaching its ceiling, there is going to be a shift towards complete ownership/GM Model. Pure Senior Product Management role are going to go away and going to be replaced with General Manager or Chief Product Officer roles where the individual is managing both engineering teams and product teams
Q: What are go to books for product management which you like to recommend to aspiring PM out there?
A: Some of the books recommended are
Additional reads from Shreyas:
To know more about growth paths for early PMs to Product Leaders,frameworks & key career insights, watch it on Youtube
Kindly let us (Srishti Gupta’s LinkedIn, Twitter & Ajay Kumar Sunnapu’s LinkedIn, Twitter) know if you have used any other frameworks to excel in your career as a Great Product Manager or a budding Product Manager.
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In this AMA, Vaibhav answered questions about important product management skills to break into a PM role. He also shared about customer needs and essential metrics to be tracked.