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How much of this story is true?
WHAT ARE WE TALKING ABOUT?
● Definitions
● The Viability Principle
● Example: A Screwdriver
● Case Study: The Fisher Space
Pen is a Viable Minimum
Product
INTRODUCTION
INTRODUCTION
Product Management
● Maximize Impact
● Improve ROI
● Create the vision
and the lifecycle
● Be the CEO
INTRODUCTION
Product Management
● Maximize Impact
● Improve ROI
● Create the vision
and the lifecycle
● Be the CEO
… essentially, these are
effects. We’re talking
AROUND what
Product Management is
about ...
INTRODUCTION: The Viability Principle Solves Confusion
INTRODUCTION: The Viability Principle
The Viability Principle
understanding the people you’re trying to
help is the only path to viability
DEFINITIONS
DEFINITIONS
PRODUCT
Tools that
help people
DEFINITIONS
MINIMUM
VIABLE
PRODUCT
THE VIABILITY PRINCIPLE
MINIMUM
VIABLE
PRODUCT
= process
THE VIABILITY PRINCIPLE
MINIMUM
VIABLE
PRODUCT
(for WHO?)
THE VIABILITY PRINCIPLE
42% of Start-Ups
fail because there’s
no market need
(for the product)
- CB Insights (2/8/2018)
THE VIABILITY PRINCIPLE
What is the
problem that a
person needs
solved?
THE VIABILITY PRINCIPLE
PERSONA: Olaf Needs Help
● Needs to screw and unscrew boards
from new house
● Handy
● Weak Grip Strength
● Has Do-It-Yourself Mindset
● Probably owns zero tools
THE VIABILITY PRINCIPLE
The Viability Principle
● Minimum = Viable
● Viable = Problem Solved
● Problem Solved = A Useful Tool for
People
● QED: Minimum Viable Product =
A Useful Tool for People
TL;DR - understanding the people you’re
trying to help is the only path to viability
THE VIABILITY PRINCIPLE
PERSONA: Olaf Needs Help
● Needs to screw and unscrew boards
from new house
● Handy
● Weak Grip Strength
● Has Do-It-Yourself Mindset
● Probably owns zero tools
THE VIABILITY PRINCIPLE
Olaf Needs Help - MVP 1?
THE VIABILITY PRINCIPLE
Olaf Needs Help - MVP 2?
THE VIABILITY PRINCIPLE
Olaf Needs Help
● Handy
● Weak Grip Strength
● Has Do-It-Yourself Mindset
● Probably owns zero tools
● Needs to screw and unscrew boards
from new house
THE VIABILITY PRINCIPLE
Understand the people
you’re trying to help
THE VIABILITY PRINCIPLE
Olaf Needs Help - MVP = Power Tools
CASE STUDY: THE FISHER SPACE PEN
CASE STUDY: THE FISHER SPACE PEN
CASE STUDY: THE FISHER SPACE PEN
What is the
problem that a
person needs
solved?
CASE STUDY: THE FISHER SPACE PEN
Astronaut Needs Help
● Write down orbital trajectories
● Write down instructions
● No gravity, ink won’t flow up*
● Environment is fragile
● Little margin for error
CASE STUDY: THE FISHER SPACE PEN
Astronaut Needs Help - MVP 1?
CASE STUDY: THE FISHER SPACE PEN
Astronaut Needs Help - MVP 1?
CASE STUDY: THE FISHER SPACE PEN
Astronaut Needs Help
● Write down orbital trajectories
● Write down instructions
● No gravity, ink won’t flow up*
● Environment is fragile
● Little margin for error
CASE STUDY: THE FISHER SPACE PEN
Astronaut Needs Help
● Write down orbital trajectories
● Write down instructions
● No gravity, ink won’t flow up*
● Environment is fragile
● Little margin for error
MVP 1 could kill Astronaut
CASE STUDY: THE FISHER SPACE PEN
Astronaut Needs Help
Both NASA and the
Soviet Space Program
used pencils until 1968.
CASE STUDY: THE FISHER SPACE PEN
Astronaut Needs Help
FYI: Space Pencils that
can be used by an
astronaut were very
expensive -
~$128.84/pencil
Caused a scandal in 1965
CASE STUDY: THE FISHER SPACE PEN
Astronaut Needs Help - MVP2
CASE STUDY: THE FISHER SPACE PEN
Astronaut Needs Help - MVP2
CASE STUDY: THE FISHER SPACE PEN
Astronaut Needs Help - MVP2
● Inventor Paul C. Fisher started work
on the pen
CASE STUDY: THE FISHER SPACE PEN
Astronaut Needs Help - MVP2
● Inventor Paul C. Fisher started work
on the pen
● Fisher spent $1 million researching
the pen (no research grant)
CASE STUDY: THE FISHER SPACE PEN
Astronaut Needs Help - MVP2
● Inventor Paul C. Fisher started work
on the pen
● Fisher spent $1 million researching
the pen (no research grant)
● Fisher filed Patent US3285228 on
5/19/1965 - Anti Gravity Pen
CASE STUDY: THE FISHER SPACE PEN
Astronaut Needs Help - MVP2
● Inventor Paul C. Fisher started work
on the pen
● Fisher spent $1 million researching
the pen (no research grant)
● Fisher filed Patent US3285228 on
5/19/1965 - Anti Gravity Pen
● Used special ink
CASE STUDY: THE FISHER SPACE PEN
Astronaut Needs Help - MVP2
● Inventor Paul C. Fisher started work
on the pen
● Fisher spent $1 million researching
the pen (no research grant)
● Fisher filed Patent US3285228 on
5/19/1965 - Anti Gravity Pen
● Used special ink
● Created a pressurized cartridge
CASE STUDY: THE FISHER SPACE PEN
Astronaut Needs Help - MVP2
● Inventor Paul C. Fisher started work
on the pen
● Fisher spent $1 million researching
the pen (no research grant)
● Fisher filed Patent US3285228 on
5/19/1965 - Anti Gravity Pen
● Used special ink
● Created a pressurized cartridge
● NASA tested the pen for 2 years
CASE STUDY: THE FISHER SPACE PEN
Astronaut Needs Help - MVP
● Write down orbital trajectories
● Write down instructions
● No gravity*
● Environment is fragile
● Little margin for error
CASE STUDY: THE FISHER SPACE PEN
Astronaut Needs Help - MVP
● Write down orbital trajectories - YES
● Write down instructions
● No gravity*
● Environment is fragile
● Little margin for error
CASE STUDY: THE FISHER SPACE PEN
Astronaut Needs Help - MVP
● Write down orbital trajectories - YES
● Write down instructions - YES
● No gravity*
● Environment is fragile
● Little margin for error
CASE STUDY: THE FISHER SPACE PEN
Astronaut Needs Help - MVP
● Write down orbital trajectories - YES
● Write down instructions - YES
● No gravity* - PRESSURIZED
● Environment is fragile
● Little margin for error
CASE STUDY: THE FISHER SPACE PEN
Astronaut Needs Help - MVP
● Write down orbital trajectories - YES
● Write down instructions - YES
● No gravity* - PRESSURIZED
● Environment is fragile - OK
● Little margin for error
CASE STUDY: THE FISHER SPACE PEN
Astronaut Needs Help - MVP
● Write down orbital trajectories - YES
● Write down instructions - YES
● No gravity* - PRESSURIZED
● Environment is fragile - OK
● Little margin for error - OK
CASE STUDY: THE FISHER SPACE PEN
Astronaut Needs Help - MVP
● Write down orbital trajectories - YES
● Write down instructions - YES
● No gravity* - PRESSURIZED
● Environment is fragile - OK
● Little margin for error - OK
MVP 2 helps Astronaut
EPILOGUE
Astronaut Needs Help - MVP2
● Fisher charged $2.39 per pen to
NASA (wholesale price)
● NASA bought 400
● Soviet Space Agency bought 100
● https://www.scientificamerican.com/a
rticle/fact-or-fiction-nasa-spen/
● https://history.nasa.gov/spacepen.html
EPILOGUE
Pedro Duque’s 2003 Soyuz Trip
● Wrote in space with ballpoint pen
● Tested and proved they worked
● http://www.esa.int/esl/ESA_in_your_c
ountry/Spain/Pedro_Duque_s_diary_f
rom_space
*tl;dr - ballpoint pens work in space
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The Viability Principal: Think Like a Prod Manager by CBS Sr PM

  • 1. www.productschool.com The Viability Principal: Think Like a Prod Manager by CBS Sr PM
  • 2. Join 55,000+ Product Managers on Free Resources Discover great job opportunities Job Portal prdct.school/PSJobPortalprdct.school/events-slack
  • 3. CERTIFICATES Your Product Management Certificate Path Product Leadership Certificate™ Full Stack Product Management Certificate™ Product Management Certificate™ 20 HOURS40 HOURS40 HOURS
  • 4.
  • 5. Corporate Training Level up your team’s Product Management skills
  • 6. How much of this story is true?
  • 7. WHAT ARE WE TALKING ABOUT? ● Definitions ● The Viability Principle ● Example: A Screwdriver ● Case Study: The Fisher Space Pen is a Viable Minimum Product
  • 9. INTRODUCTION Product Management ● Maximize Impact ● Improve ROI ● Create the vision and the lifecycle ● Be the CEO
  • 10. INTRODUCTION Product Management ● Maximize Impact ● Improve ROI ● Create the vision and the lifecycle ● Be the CEO … essentially, these are effects. We’re talking AROUND what Product Management is about ...
  • 11. INTRODUCTION: The Viability Principle Solves Confusion
  • 12. INTRODUCTION: The Viability Principle The Viability Principle understanding the people you’re trying to help is the only path to viability
  • 18. THE VIABILITY PRINCIPLE 42% of Start-Ups fail because there’s no market need (for the product) - CB Insights (2/8/2018)
  • 19. THE VIABILITY PRINCIPLE What is the problem that a person needs solved?
  • 20. THE VIABILITY PRINCIPLE PERSONA: Olaf Needs Help ● Needs to screw and unscrew boards from new house ● Handy ● Weak Grip Strength ● Has Do-It-Yourself Mindset ● Probably owns zero tools
  • 21. THE VIABILITY PRINCIPLE The Viability Principle ● Minimum = Viable ● Viable = Problem Solved ● Problem Solved = A Useful Tool for People ● QED: Minimum Viable Product = A Useful Tool for People TL;DR - understanding the people you’re trying to help is the only path to viability
  • 22. THE VIABILITY PRINCIPLE PERSONA: Olaf Needs Help ● Needs to screw and unscrew boards from new house ● Handy ● Weak Grip Strength ● Has Do-It-Yourself Mindset ● Probably owns zero tools
  • 23. THE VIABILITY PRINCIPLE Olaf Needs Help - MVP 1?
  • 24. THE VIABILITY PRINCIPLE Olaf Needs Help - MVP 2?
  • 25. THE VIABILITY PRINCIPLE Olaf Needs Help ● Handy ● Weak Grip Strength ● Has Do-It-Yourself Mindset ● Probably owns zero tools ● Needs to screw and unscrew boards from new house
  • 26. THE VIABILITY PRINCIPLE Understand the people you’re trying to help
  • 27. THE VIABILITY PRINCIPLE Olaf Needs Help - MVP = Power Tools
  • 28. CASE STUDY: THE FISHER SPACE PEN
  • 29. CASE STUDY: THE FISHER SPACE PEN
  • 30. CASE STUDY: THE FISHER SPACE PEN What is the problem that a person needs solved?
  • 31. CASE STUDY: THE FISHER SPACE PEN Astronaut Needs Help ● Write down orbital trajectories ● Write down instructions ● No gravity, ink won’t flow up* ● Environment is fragile ● Little margin for error
  • 32. CASE STUDY: THE FISHER SPACE PEN Astronaut Needs Help - MVP 1?
  • 33. CASE STUDY: THE FISHER SPACE PEN Astronaut Needs Help - MVP 1?
  • 34. CASE STUDY: THE FISHER SPACE PEN Astronaut Needs Help ● Write down orbital trajectories ● Write down instructions ● No gravity, ink won’t flow up* ● Environment is fragile ● Little margin for error
  • 35. CASE STUDY: THE FISHER SPACE PEN Astronaut Needs Help ● Write down orbital trajectories ● Write down instructions ● No gravity, ink won’t flow up* ● Environment is fragile ● Little margin for error MVP 1 could kill Astronaut
  • 36. CASE STUDY: THE FISHER SPACE PEN Astronaut Needs Help Both NASA and the Soviet Space Program used pencils until 1968.
  • 37. CASE STUDY: THE FISHER SPACE PEN Astronaut Needs Help FYI: Space Pencils that can be used by an astronaut were very expensive - ~$128.84/pencil Caused a scandal in 1965
  • 38. CASE STUDY: THE FISHER SPACE PEN Astronaut Needs Help - MVP2
  • 39. CASE STUDY: THE FISHER SPACE PEN Astronaut Needs Help - MVP2
  • 40. CASE STUDY: THE FISHER SPACE PEN Astronaut Needs Help - MVP2 ● Inventor Paul C. Fisher started work on the pen
  • 41. CASE STUDY: THE FISHER SPACE PEN Astronaut Needs Help - MVP2 ● Inventor Paul C. Fisher started work on the pen ● Fisher spent $1 million researching the pen (no research grant)
  • 42. CASE STUDY: THE FISHER SPACE PEN Astronaut Needs Help - MVP2 ● Inventor Paul C. Fisher started work on the pen ● Fisher spent $1 million researching the pen (no research grant) ● Fisher filed Patent US3285228 on 5/19/1965 - Anti Gravity Pen
  • 43. CASE STUDY: THE FISHER SPACE PEN Astronaut Needs Help - MVP2 ● Inventor Paul C. Fisher started work on the pen ● Fisher spent $1 million researching the pen (no research grant) ● Fisher filed Patent US3285228 on 5/19/1965 - Anti Gravity Pen ● Used special ink
  • 44. CASE STUDY: THE FISHER SPACE PEN Astronaut Needs Help - MVP2 ● Inventor Paul C. Fisher started work on the pen ● Fisher spent $1 million researching the pen (no research grant) ● Fisher filed Patent US3285228 on 5/19/1965 - Anti Gravity Pen ● Used special ink ● Created a pressurized cartridge
  • 45. CASE STUDY: THE FISHER SPACE PEN Astronaut Needs Help - MVP2 ● Inventor Paul C. Fisher started work on the pen ● Fisher spent $1 million researching the pen (no research grant) ● Fisher filed Patent US3285228 on 5/19/1965 - Anti Gravity Pen ● Used special ink ● Created a pressurized cartridge ● NASA tested the pen for 2 years
  • 46. CASE STUDY: THE FISHER SPACE PEN Astronaut Needs Help - MVP ● Write down orbital trajectories ● Write down instructions ● No gravity* ● Environment is fragile ● Little margin for error
  • 47. CASE STUDY: THE FISHER SPACE PEN Astronaut Needs Help - MVP ● Write down orbital trajectories - YES ● Write down instructions ● No gravity* ● Environment is fragile ● Little margin for error
  • 48. CASE STUDY: THE FISHER SPACE PEN Astronaut Needs Help - MVP ● Write down orbital trajectories - YES ● Write down instructions - YES ● No gravity* ● Environment is fragile ● Little margin for error
  • 49. CASE STUDY: THE FISHER SPACE PEN Astronaut Needs Help - MVP ● Write down orbital trajectories - YES ● Write down instructions - YES ● No gravity* - PRESSURIZED ● Environment is fragile ● Little margin for error
  • 50. CASE STUDY: THE FISHER SPACE PEN Astronaut Needs Help - MVP ● Write down orbital trajectories - YES ● Write down instructions - YES ● No gravity* - PRESSURIZED ● Environment is fragile - OK ● Little margin for error
  • 51. CASE STUDY: THE FISHER SPACE PEN Astronaut Needs Help - MVP ● Write down orbital trajectories - YES ● Write down instructions - YES ● No gravity* - PRESSURIZED ● Environment is fragile - OK ● Little margin for error - OK
  • 52. CASE STUDY: THE FISHER SPACE PEN Astronaut Needs Help - MVP ● Write down orbital trajectories - YES ● Write down instructions - YES ● No gravity* - PRESSURIZED ● Environment is fragile - OK ● Little margin for error - OK MVP 2 helps Astronaut
  • 53. EPILOGUE Astronaut Needs Help - MVP2 ● Fisher charged $2.39 per pen to NASA (wholesale price) ● NASA bought 400 ● Soviet Space Agency bought 100 ● https://www.scientificamerican.com/a rticle/fact-or-fiction-nasa-spen/ ● https://history.nasa.gov/spacepen.html
  • 54. EPILOGUE Pedro Duque’s 2003 Soyuz Trip ● Wrote in space with ballpoint pen ● Tested and proved they worked ● http://www.esa.int/esl/ESA_in_your_c ountry/Spain/Pedro_Duque_s_diary_f rom_space *tl;dr - ballpoint pens work in space
  • 55. www.productschool.com Part-time Product Management Training Courses and Corporate Training