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How to Nail the Customer Problem Statement
by Amazon Sr PM
www.productschool.com
CERTIFICATES
Your Product Management Certicate Path
Product Leadership
Certificate™
Full Stack Product
Management Certificate™
Product Management
Certificate™
20 HOURS
40 HOURS
40 HOURS
Corporate
Training
Level up your team’s Product
Management skills
Free Product Management Resources
BOOKS
EVENTS
JOB PORTAL
COMMUNITIES
bit.ly/product_resources
COURSES
How to Nail the Customer
Problem Statement
A little bit about myself…..
- Engineering + MBA, IIM Bangalore
- 11+ years of experience in Product Management, Growth & Product Marketing
- E-commerce, Payments, Telecom
Rashi Gupta
Agenda
1. Basics of product Management
2. Who should become a product manager ?
3. How to build a successful product?
4. Why is the customer problem statement important ?
5. How to arrive at the customer problem statement ?
Basics of Product
Management
Product
Manager
Customer
Business
Tech
UX
Product manager is the person who identifies the customer needs, business objectives, articulates the product vision &
roadmap , and rallies a team to achieve the vision.
Who should become a product
manager ?
If you are PASSIONATE about solving a real customer problem …
Key skills required …
•Deal with ambiguity
•Influence without authority
•Making the right trade-offs
•Have rationality over rationalizing
How to build a successful
product?
1. Define the Customer Problem
2. Identify Solutions
3. Evaluate the opportunity & risks
4. Create the Product Vision & Roadmap
5. Define the Customer experience (MVP & North Star)
6. Prioritize
7. Prototype & Test
8. Launch MVP & Track Performance
9. Kill or Grow
How to build a
successful product
How to arrive at the customer
problem statement?
“A problem well stated is a problem half-solved”
-Charles Kettering
“If I had an hour to solve a problem I’d spend 55
minutes thinking about the problem and five
minutes thinking about solutions.”
- Albert Einstein
Why is the customer problem statement important ?
Understanding the problem is most important to building a successful product as that is
the reason they will buy the product.
Common Mistakes PMs make
• Spend lesser time on identifying the problem
• Jumping into perceived solution directly
• Think solution backwards
• Think Technology backwards
• Think competitor backwards
How to arrive at the customer problem statement ?
1. Identify “Who is the customer?”
2. Understand the customer journey, their needs, motivations, pain points
3. Define the customer problem(s)
4. Add quantitative and qualitative data (Customer Anecdotes/ Observations) to
validate the customer need
Who is the customer ?
Behaviors
(Product Usage, Frequency of usage,
usage occasion, user tenure etc.)
Demographics
(Age, Gender, Income, Region )
Attitudes
(For ex: Shop from websites driven
by trust, convenience, security)
Holistic
Customer Need
based
Segmentation
Based on benefits that customers desire,
attitudes, behaviors and psychographics
(underlying motivations)
Understand the customer journey, their needs, motivations, pain points
External
• Shop along (Physical/ Virtual )
• Ethnography
• In-depth interviews
• Focus group Discussions
• Calling Customers
• Surveys
Internal
• Customer analytics
• Heatmaps
• Customer Service Contacts Data
• On site Feedback loops
• Sales team data
Define the Problem Statement
Example of a poorly-written Customer Problem Statement
“Customers need voice enabled search because it would allow them to search faster without typing .”
This statement is poorly-written because it mentions your product and does not elaborate on a challenge that
your customers are facing.
Example of a well-written Customer Problem Statement
“New Customers from Tier -3, Tier-4 cities find it difficult to type the name which leads to incorrect results and
xx% customers dropping off from search (vs yy% for Tier 1& Tier 2 cities)”
This statement is well - written because it narrows down to “ Customer cohort” , “identifies the problem” also
validates the need with data.
Framework 1: For creating a Customer
Problem Statement
Today, customer cohort ___X___ while trying to do ____X ____face
challenges like ____Challenge 1____, ____Challenge 2___ due to
______X_____which leads to _______customer impact _____ and
____Business impact____as seen from _____data_____.
Customer Anecdote 1: “”
Customer Anecdote 2: “”
Framework 2: For creating a Customer
Problem Statement
Who ? Who is experiencing this problem?
When ? When/ Where is the problem occurring ?
What ? What is the problem / pain point ?
What's the impact on the people experiencing the problem?
/ What happens if we don’t solve it?
How ? How do we know that they are experiencing the problem?
Thank You
www.productschool.com
Part-time Product Management Training Courses
and
Corporate Training

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How to Nail the Customer Problem Statement by Amazon Sr PM

  • 1. How to Nail the Customer Problem Statement by Amazon Sr PM www.productschool.com
  • 2. CERTIFICATES Your Product Management Certicate Path Product Leadership Certicate™ Full Stack Product Management Certicate™ Product Management Certicate™ 20 HOURS 40 HOURS 40 HOURS
  • 3. Corporate Training Level up your team’s Product Management skills
  • 4. Free Product Management Resources BOOKS EVENTS JOB PORTAL COMMUNITIES bit.ly/product_resources COURSES
  • 5. How to Nail the Customer Problem Statement
  • 6. A little bit about myself….. - Engineering + MBA, IIM Bangalore - 11+ years of experience in Product Management, Growth & Product Marketing - E-commerce, Payments, Telecom Rashi Gupta
  • 7. Agenda 1. Basics of product Management 2. Who should become a product manager ? 3. How to build a successful product? 4. Why is the customer problem statement important ? 5. How to arrive at the customer problem statement ?
  • 9. Product Manager Customer Business Tech UX Product manager is the person who identifies the customer needs, business objectives, articulates the product vision & roadmap , and rallies a team to achieve the vision.
  • 10. Who should become a product manager ?
  • 11. If you are PASSIONATE about solving a real customer problem … Key skills required … •Deal with ambiguity •Influence without authority •Making the right trade-offs •Have rationality over rationalizing
  • 12.
  • 13. How to build a successful product?
  • 14. 1. Define the Customer Problem 2. Identify Solutions 3. Evaluate the opportunity & risks 4. Create the Product Vision & Roadmap 5. Define the Customer experience (MVP & North Star) 6. Prioritize 7. Prototype & Test 8. Launch MVP & Track Performance 9. Kill or Grow How to build a successful product
  • 15. How to arrive at the customer problem statement?
  • 16. “A problem well stated is a problem half-solved” -Charles Kettering “If I had an hour to solve a problem I’d spend 55 minutes thinking about the problem and five minutes thinking about solutions.” - Albert Einstein
  • 17. Why is the customer problem statement important ? Understanding the problem is most important to building a successful product as that is the reason they will buy the product. Common Mistakes PMs make • Spend lesser time on identifying the problem • Jumping into perceived solution directly • Think solution backwards • Think Technology backwards • Think competitor backwards
  • 18. How to arrive at the customer problem statement ? 1. Identify “Who is the customer?” 2. Understand the customer journey, their needs, motivations, pain points 3. Define the customer problem(s) 4. Add quantitative and qualitative data (Customer Anecdotes/ Observations) to validate the customer need
  • 19. Who is the customer ? Behaviors (Product Usage, Frequency of usage, usage occasion, user tenure etc.) Demographics (Age, Gender, Income, Region ) Attitudes (For ex: Shop from websites driven by trust, convenience, security) Holistic Customer Need based Segmentation Based on benefits that customers desire, attitudes, behaviors and psychographics (underlying motivations)
  • 20. Understand the customer journey, their needs, motivations, pain points External • Shop along (Physical/ Virtual ) • Ethnography • In-depth interviews • Focus group Discussions • Calling Customers • Surveys Internal • Customer analytics • Heatmaps • Customer Service Contacts Data • On site Feedback loops • Sales team data
  • 21. Define the Problem Statement Example of a poorly-written Customer Problem Statement “Customers need voice enabled search because it would allow them to search faster without typing .” This statement is poorly-written because it mentions your product and does not elaborate on a challenge that your customers are facing. Example of a well-written Customer Problem Statement “New Customers from Tier -3, Tier-4 cities find it difficult to type the name which leads to incorrect results and xx% customers dropping off from search (vs yy% for Tier 1& Tier 2 cities)” This statement is well - written because it narrows down to “ Customer cohort” , “identifies the problem” also validates the need with data.
  • 22. Framework 1: For creating a Customer Problem Statement Today, customer cohort ___X___ while trying to do ____X ____face challenges like ____Challenge 1____, ____Challenge 2___ due to ______X_____which leads to _______customer impact _____ and ____Business impact____as seen from _____data_____. Customer Anecdote 1: “” Customer Anecdote 2: “”
  • 23. Framework 2: For creating a Customer Problem Statement Who ? Who is experiencing this problem? When ? When/ Where is the problem occurring ? What ? What is the problem / pain point ? What's the impact on the people experiencing the problem? / What happens if we don’t solve it? How ? How do we know that they are experiencing the problem?
  • 25. www.productschool.com Part-time Product Management Training Courses and Corporate Training