This is part one of a two-part series that will define a framework for putting strategies into action for product managers. Even companies with a strong vision can struggle to align priorities at the highest levels. Functional leaders in charge of sales, development, or operations must manage their individual silos and often have difficulty prioritizing investment in their own function vs other groups. Indeed, a company vision can dissipate once the functional groups try to i
Part One of this series introduced the balanced scorecard concept and discussed how to product managers can use it to align internal stakeholders on priorities. To move from high level objectives to actionable initiatives, product managers must work with stakeholders to identify the best projects to reach the objectives. Each objective and initiative will have its own measures for tracking and at each review of the balanced scorecard the metrics should be evaluated and the ca
I wrote a guest blog post for the KC Startup Lawyer about the differences between a business model and a business plan and which one you should start with. If you are a new startup you are as much trying to search for your ideal business model as bring your idea to life. If you are an established company, laying out your business model in a graphical way can help identify new areas for growth. Check out the full article here.