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10	
  Things	
  




      10	
  Ways	
  You	
  can	
  Work	
  More	
  Successfully	
  	
  
         with	
  your	
  Product	
  Management	
  and	
  	
  
                  Product	
  MarkeAng	
  Team	
  
                                   	
  
                                                              David	
  Fradin	
  
                                                         dave@spicecatalyst.com	
  
                                                       h@p://www.spicecatalyst.com	
  


Copyrighted	
  ©	
  All	
  rights	
  reserved   	
       Spice	
  2013	
  www.spicecatalyst.com	
     Please	
  ask	
  before	
  repurposing	
  or	
  distribu9ng	
  
10	
  Things	
  



                                                            Starts	
  By	
  Being	
  Insanely	
  Great	
  
•    Informing,	
  Exci9ng,	
  UpliLing,	
  DelighMul	
  Rewarding	
  
•    Wonder	
  
•    New	
  Insight,	
  New	
  Perspec9ve,	
  New	
  Understanding	
  
•    Empowers	
  /Delights	
  
•    Personal	
  
•    Trust	
  /	
  Bonding	
  
•    Proud	
  And	
  Excited	
  To	
  Share	
  	
  
•    Excited	
  
     Copyrighted	
  ©	
  All	
  rights	
  reserved   	
                    Spice	
  2013	
  www.spicecatalyst.com	
     Please	
  ask	
  before	
  repurposing	
  or	
  distribu9ng	
  
10	
  Things	
  

                                                              Agenda	
  
1.  Be	
  Insanely	
  Great!	
  
2.  Customer	
  Journey	
  
3.  What	
  do	
  Product	
  Mangers	
  and	
  Product	
  Marke9ng	
  Managers	
  Do?	
  
4.  Market	
  Segmenta9on	
  
5.  Target	
  Markets	
  
6.  Personas	
  
7.  Key	
  Selling	
  Points	
  
8.  Market	
  Strategy	
  
9.  Sales	
  Process	
  
10.  Sales	
  Support	
  Material	
  	
  
    Copyrighted	
  ©	
  All	
  rights	
  reserved   	
     Spice	
  2013	
  www.spicecatalyst.com	
     Please	
  ask	
  before	
  repurposing	
  or	
  distribu9ng	
  
10	
  Things	
  



                                                        What	
  do	
  Product	
  Mangers	
  and	
  	
  
                                                       Product	
  Marke9ng	
  Managers	
  Do?	
  
                                                                           	
  




Copyrighted	
  ©	
  All	
  rights	
  reserved   	
                     Spice	
  2013	
  www.spicecatalyst.com	
     Please	
  ask	
  before	
  repurposing	
  or	
  distribu9ng	
  
10	
  Things	
  



                                                             Product	
  Mangers	
  	
  
                                                                     	
  
               Individual	
  Contributor	
                                                    including	
  the	
  product	
  roadmap	
  	
  
•  Business	
  Case	
  Development	
  and	
  perhaps	
                                •       Manages	
  the	
  product	
  lifecycle	
  (Tasks	
  listed	
  
   realiza9on	
                                                                               below)	
  
      –  Market	
  Expert	
  and	
  Voice	
  of	
  the	
  Customer	
                  •       Bridges	
  engineering	
  and	
  the	
  market	
  place	
  
      –  Feature,	
  schedule	
  and	
  cost	
  tradeoffs	
                            •       Manages	
  business	
  ecosystem	
  members	
  
      –  Return	
  on	
  Investment/Profit	
  and	
  Loss	
  
                                                                                      •       Manages	
  the	
  product	
  porMolio	
  
         Analysis	
  
                                                                                      •       Pricing	
  
•  Insures	
  the	
  product	
  is	
  valuable	
  and	
  
   differen9ated	
                                                                     •       Scope:	
  Geographic/Market	
  
•  Owns	
  the	
  “whole	
  product”	
  (core,	
  benefits,	
  
   augmented)	
  defini9on	
  
•  Works	
  strategically	
  as	
  the	
  product	
  visionary	
  

      Copyrighted	
  ©	
  All	
  rights	
  reserved   	
          Spice	
  2013	
  www.spicecatalyst.com	
                       Please	
  ask	
  before	
  repurposing	
  or	
  distribu9ng	
  
10	
  Things	
  



                                                             Managers	
  of	
  Product	
  Mangers	
  	
  

                      Manager	
                                                                   and	
  financial	
  level	
  
•  Market	
  Plan	
  Strategy	
                                                                •  Coordinates	
  Market	
  Research	
  and	
  
      –  Target	
  Market	
                                                                       Compe99ve	
  Research	
  needed	
  by	
  the	
  
      –  Value	
  Proposi9on	
                                                                    product	
  managers	
  
      –  Posi9oning	
                                                                          •  Process	
  Development	
  and	
  Op9miza9on	
  
•    PorMolio	
  Planning	
  
•    Resource	
  alloca9on	
  
•    Product	
  Life	
  Cycle	
  strategy	
  
•    Pricing	
  Strategy	
  
•    Compe99ve	
  analysis	
  at	
  the	
  company	
  

      Copyrighted	
  ©	
  All	
  rights	
  reserved   	
                   Spice	
  2013	
  www.spicecatalyst.com	
         Please	
  ask	
  before	
  repurposing	
  or	
  distribu9ng	
  
10	
  Things	
  



                      What	
  do	
  Product	
  Marke9ng	
  Managers	
  Do?	
  
                                                 	
  
•  MarkeAng	
                                                                                  •  Launch	
  
    –          Marke9ng	
  Plans	
  over9me	
                                                             –  Launch	
  plan	
  
    –          Marke9ng	
  Objec9ves	
                                                                    –  Product	
  announcement	
  
    –          Target	
  Markets	
                                                                        –  Related	
  events	
  and	
  ac9vi9es	
  
    –          Branding	
                                                                      •  End	
  of	
  Life	
  
    –          Messaging:	
  Internal,	
  channel	
  and	
  customer	
                                    –  End	
  of	
  life	
  plan	
  
    –          Collateral	
  and	
  Sales	
  tools	
  development	
                                       –  Announcement	
  
    –          Off-­‐line/on-­‐line	
  and	
  Social	
  Media,	
  as	
  needed,	
  and	
                   –  Related	
  events	
  and	
  ac9vi9es	
  
               mix	
  for	
  on-­‐going	
  marke9ng	
  
    –          Conferences,	
  trade	
  shows	
  and	
  events	
  
    –          Budget	
  
    –          Pricing	
  
    –          Forecas9ng	
  
    –          Press	
  and	
  analyst	
  rela9ons	
  


    Copyrighted	
  ©	
  All	
  rights	
  reserved   	
                     Spice	
  2013	
  www.spicecatalyst.com	
                              Please	
  ask	
  before	
  repurposing	
  or	
  distribu9ng	
  
10	
  Things	
  



                                                              What	
  do	
  Product	
  Mangers	
  and	
  	
  
                                                             Product	
  Marke9ng	
  Managers	
  Do?	
  
                                                                                    	
  
                                                                              QualificaAons:	
  
•    Years	
  of	
  experience	
  in	
  industry	
  
•    Domain	
  Exper9se	
  	
  
•    Years	
  of	
  experience	
  as	
  a	
  Product	
  Manager	
  or	
  Product	
  Marke9ng	
  Manager	
  
•    Leadership,	
  team	
  work,	
  nego9a9ng,	
  media9on,	
  rela9onship	
  skills	
  and	
  communica9on	
  skills	
  	
  
•    Cer9fied	
  	
  
•    Technology	
  Exper9se	
  as	
  needed	
  
•    Kevlar	
  underwear	
  




      Copyrighted	
  ©	
  All	
  rights	
  reserved   	
                     Spice	
  2013	
  www.spicecatalyst.com	
     Please	
  ask	
  before	
  repurposing	
  or	
  distribu9ng	
  
10	
  Things	
  

                                                               The	
  Customer	
  Journey	
  
                                                                                              Status	
  
                                                                                               Quo	
                       Trigger	
  
                                                                        Refer	
                                             Point	
  


                                                         Expand	
                                                                            Explore	
  
                                                                                                                                             OpAons	
  
                                                       Validate	
  
                                                        Value	
  

                                                           Deploy	
                                                                      Evaluate	
  
                                                          SoluAon	
                                                                      SoluAons	
  
                                                                  Purchase	
  	
  
                                                                                                                             Business	
  
                                                                                     Internal	
                               Case	
  
                                                                                      Buy	
  In	
  


Copyrighted	
  ©	
  All	
  rights	
  reserved   	
                                   Spice	
  2013	
  www.spicecatalyst.com	
                              Please	
  ask	
  before	
  repurposing	
  or	
  distribu9ng	
  
10	
  Things	
  




Copyrighted	
  ©	
  All	
  rights	
  reserved   	
     Spice	
  2013	
  www.spicecatalyst.com	
     Please	
  ask	
  before	
  repurposing	
  or	
  distribu9ng	
  
10	
  Things	
  



                                                          Market	
  Segmenta9on	
  
•  Personas	
  
•  Not	
  Top	
  Down	
  Anymore	
  
•  See	
  the	
  World	
  Differently	
  




   Copyrighted	
  ©	
  All	
  rights	
  reserved   	
            Spice	
  2013	
  www.spicecatalyst.com	
     Please	
  ask	
  before	
  repurposing	
  or	
  distribu9ng	
  
10	
  Things	
  



                                                          Target	
  Markets	
  
•  Depends	
  on	
  Your	
  LifeCycle	
  
•  Maybe	
  Coming	
  To	
  You	
  
•  Be	
  Agile	
  




   Copyrighted	
  ©	
  All	
  rights	
  reserved   	
         Spice	
  2013	
  www.spicecatalyst.com	
     Please	
  ask	
  before	
  repurposing	
  or	
  distribu9ng	
  
10	
  Things	
  



                                                           Key	
  Selling	
  Points	
  
•  Its	
  about	
  them,	
  Stupid	
  
•  Real,	
  verified	
  PAIN!	
  
•  Depends	
  on	
  Persona	
  and	
  where	
  are	
  they	
  in	
  the	
  
   Customer	
  Journey	
  




    Copyrighted	
  ©	
  All	
  rights	
  reserved   	
           Spice	
  2013	
  www.spicecatalyst.com	
     Please	
  ask	
  before	
  repurposing	
  or	
  distribu9ng	
  
10	
  Things	
  



                                                          Marke9ng	
  Strategy	
  
•  Con9nuous	
  Learning	
  and	
  Innova9on	
  
•  Agile	
  




   Copyrighted	
  ©	
  All	
  rights	
  reserved   	
           Spice	
  2013	
  www.spicecatalyst.com	
     Please	
  ask	
  before	
  repurposing	
  or	
  distribu9ng	
  
10	
  Things	
  



                                                           Sales	
  Process	
  
•  Its	
  part	
  of	
  the	
  Customer	
  Journey	
  




    Copyrighted	
  ©	
  All	
  rights	
  reserved   	
       Spice	
  2013	
  www.spicecatalyst.com	
     Please	
  ask	
  before	
  repurposing	
  or	
  distribu9ng	
  
10	
  Things	
  



                                                          Sales	
  Support	
  Materials	
  
•  Must	
  support	
  the	
  Customer	
  Journey	
  




   Copyrighted	
  ©	
  All	
  rights	
  reserved   	
              Spice	
  2013	
  www.spicecatalyst.com	
     Please	
  ask	
  before	
  repurposing	
  or	
  distribu9ng	
  
10	
  Things	
  

                                                                                            Deep	
  Dive	
  Assessment	
  
Customer	
                                Status	
  
                                           Quo	
  
                                                                Trigger	
  
                                                                 Point	
  
                                                                              Explore	
       Evaluate	
           Business	
             Internal	
       Purchase	
      Deploy	
     Validate	
                      Expand	
  
                                                                                                                                                                                                                                                          Refer	
  
                                                                              OpAons	
        SoluAons	
            Case	
                 Buy	
  In	
                    SoluAon	
      Value	
                          Use	
  
buying	
  stages	
  

Customer	
  Insight	
  




Content	
  /	
  Experience	
  




AnalyAcs	
  &	
  VOC	
  	
  




Process	
  AutomaAon	
  




Progress	
  /	
  Risk	
  Tracking	
  
&	
  Mgt.	
  




         Copyrighted	
  ©	
  All	
  rights	
  reserved   	
                                                  Spice	
  2013	
  www.spicecatalyst.com	
                                   Please	
  ask	
  before	
  repurposing	
  or	
  distribu9ng	
  

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10 Ways to Work More Successfully with Product Management/Marketing Team - David Fradin

  • 1. 10  Things   10  Ways  You  can  Work  More  Successfully     with  your  Product  Management  and     Product  MarkeAng  Team     David  Fradin   dave@spicecatalyst.com   h@p://www.spicecatalyst.com   Copyrighted  ©  All  rights  reserved   Spice  2013  www.spicecatalyst.com   Please  ask  before  repurposing  or  distribu9ng  
  • 2. 10  Things   Starts  By  Being  Insanely  Great   •  Informing,  Exci9ng,  UpliLing,  DelighMul  Rewarding   •  Wonder   •  New  Insight,  New  Perspec9ve,  New  Understanding   •  Empowers  /Delights   •  Personal   •  Trust  /  Bonding   •  Proud  And  Excited  To  Share     •  Excited   Copyrighted  ©  All  rights  reserved   Spice  2013  www.spicecatalyst.com   Please  ask  before  repurposing  or  distribu9ng  
  • 3. 10  Things   Agenda   1.  Be  Insanely  Great!   2.  Customer  Journey   3.  What  do  Product  Mangers  and  Product  Marke9ng  Managers  Do?   4.  Market  Segmenta9on   5.  Target  Markets   6.  Personas   7.  Key  Selling  Points   8.  Market  Strategy   9.  Sales  Process   10.  Sales  Support  Material     Copyrighted  ©  All  rights  reserved   Spice  2013  www.spicecatalyst.com   Please  ask  before  repurposing  or  distribu9ng  
  • 4. 10  Things   What  do  Product  Mangers  and     Product  Marke9ng  Managers  Do?     Copyrighted  ©  All  rights  reserved   Spice  2013  www.spicecatalyst.com   Please  ask  before  repurposing  or  distribu9ng  
  • 5. 10  Things   Product  Mangers       Individual  Contributor   including  the  product  roadmap     •  Business  Case  Development  and  perhaps   •  Manages  the  product  lifecycle  (Tasks  listed   realiza9on   below)   –  Market  Expert  and  Voice  of  the  Customer   •  Bridges  engineering  and  the  market  place   –  Feature,  schedule  and  cost  tradeoffs   •  Manages  business  ecosystem  members   –  Return  on  Investment/Profit  and  Loss   •  Manages  the  product  porMolio   Analysis   •  Pricing   •  Insures  the  product  is  valuable  and   differen9ated   •  Scope:  Geographic/Market   •  Owns  the  “whole  product”  (core,  benefits,   augmented)  defini9on   •  Works  strategically  as  the  product  visionary   Copyrighted  ©  All  rights  reserved   Spice  2013  www.spicecatalyst.com   Please  ask  before  repurposing  or  distribu9ng  
  • 6. 10  Things   Managers  of  Product  Mangers     Manager   and  financial  level   •  Market  Plan  Strategy   •  Coordinates  Market  Research  and   –  Target  Market   Compe99ve  Research  needed  by  the   –  Value  Proposi9on   product  managers   –  Posi9oning   •  Process  Development  and  Op9miza9on   •  PorMolio  Planning   •  Resource  alloca9on   •  Product  Life  Cycle  strategy   •  Pricing  Strategy   •  Compe99ve  analysis  at  the  company   Copyrighted  ©  All  rights  reserved   Spice  2013  www.spicecatalyst.com   Please  ask  before  repurposing  or  distribu9ng  
  • 7. 10  Things   What  do  Product  Marke9ng  Managers  Do?     •  MarkeAng   •  Launch   –  Marke9ng  Plans  over9me   –  Launch  plan   –  Marke9ng  Objec9ves   –  Product  announcement   –  Target  Markets   –  Related  events  and  ac9vi9es   –  Branding   •  End  of  Life   –  Messaging:  Internal,  channel  and  customer   –  End  of  life  plan   –  Collateral  and  Sales  tools  development   –  Announcement   –  Off-­‐line/on-­‐line  and  Social  Media,  as  needed,  and   –  Related  events  and  ac9vi9es   mix  for  on-­‐going  marke9ng   –  Conferences,  trade  shows  and  events   –  Budget   –  Pricing   –  Forecas9ng   –  Press  and  analyst  rela9ons   Copyrighted  ©  All  rights  reserved   Spice  2013  www.spicecatalyst.com   Please  ask  before  repurposing  or  distribu9ng  
  • 8. 10  Things   What  do  Product  Mangers  and     Product  Marke9ng  Managers  Do?     QualificaAons:   •  Years  of  experience  in  industry   •  Domain  Exper9se     •  Years  of  experience  as  a  Product  Manager  or  Product  Marke9ng  Manager   •  Leadership,  team  work,  nego9a9ng,  media9on,  rela9onship  skills  and  communica9on  skills     •  Cer9fied     •  Technology  Exper9se  as  needed   •  Kevlar  underwear   Copyrighted  ©  All  rights  reserved   Spice  2013  www.spicecatalyst.com   Please  ask  before  repurposing  or  distribu9ng  
  • 9. 10  Things   The  Customer  Journey   Status   Quo   Trigger   Refer   Point   Expand   Explore   OpAons   Validate   Value   Deploy   Evaluate   SoluAon   SoluAons   Purchase     Business   Internal   Case   Buy  In   Copyrighted  ©  All  rights  reserved   Spice  2013  www.spicecatalyst.com   Please  ask  before  repurposing  or  distribu9ng  
  • 10. 10  Things   Copyrighted  ©  All  rights  reserved   Spice  2013  www.spicecatalyst.com   Please  ask  before  repurposing  or  distribu9ng  
  • 11. 10  Things   Market  Segmenta9on   •  Personas   •  Not  Top  Down  Anymore   •  See  the  World  Differently   Copyrighted  ©  All  rights  reserved   Spice  2013  www.spicecatalyst.com   Please  ask  before  repurposing  or  distribu9ng  
  • 12. 10  Things   Target  Markets   •  Depends  on  Your  LifeCycle   •  Maybe  Coming  To  You   •  Be  Agile   Copyrighted  ©  All  rights  reserved   Spice  2013  www.spicecatalyst.com   Please  ask  before  repurposing  or  distribu9ng  
  • 13. 10  Things   Key  Selling  Points   •  Its  about  them,  Stupid   •  Real,  verified  PAIN!   •  Depends  on  Persona  and  where  are  they  in  the   Customer  Journey   Copyrighted  ©  All  rights  reserved   Spice  2013  www.spicecatalyst.com   Please  ask  before  repurposing  or  distribu9ng  
  • 14. 10  Things   Marke9ng  Strategy   •  Con9nuous  Learning  and  Innova9on   •  Agile   Copyrighted  ©  All  rights  reserved   Spice  2013  www.spicecatalyst.com   Please  ask  before  repurposing  or  distribu9ng  
  • 15. 10  Things   Sales  Process   •  Its  part  of  the  Customer  Journey   Copyrighted  ©  All  rights  reserved   Spice  2013  www.spicecatalyst.com   Please  ask  before  repurposing  or  distribu9ng  
  • 16. 10  Things   Sales  Support  Materials   •  Must  support  the  Customer  Journey   Copyrighted  ©  All  rights  reserved   Spice  2013  www.spicecatalyst.com   Please  ask  before  repurposing  or  distribu9ng  
  • 17. 10  Things   Deep  Dive  Assessment   Customer   Status   Quo   Trigger   Point   Explore   Evaluate   Business   Internal   Purchase   Deploy   Validate   Expand   Refer   OpAons   SoluAons   Case   Buy  In   SoluAon   Value   Use   buying  stages   Customer  Insight   Content  /  Experience   AnalyAcs  &  VOC     Process  AutomaAon   Progress  /  Risk  Tracking   &  Mgt.   Copyrighted  ©  All  rights  reserved   Spice  2013  www.spicecatalyst.com   Please  ask  before  repurposing  or  distribu9ng