Roman's Product Management Podcast

8 Tips for Creating A Compelling Product Vision


Listen Later

Describe the Motivation behind the Product
Having an idea for a new product is great. But it’s not enough. What you need is a vision that guides everyone involved in making the product a success: product management, development, marketing, sales, and support. The product vision is the overarching goal you are aiming for, the reason for creating the product. It provides a continued purpose in an ever-changing world, acts as the product’s true north, provides motivation when the going gets tough, and facilitates effective collaboration.
To choose the right vision, ask yourself why you are excited to work on the product, why you care about it, what positive change the product should bring about, and how it will shape the future. One of my favourite vision statements comes from Toys R Us. The company’s vision is to  “put joy in kids’ hearts and a smile on parents’ faces”. The statement concisely captures the intention behind the company’s products and services and describes the change the users and customers should experience.
If you choose the company vision for you product, then that’s fine. Otherwise make sure that the two visions aren’t in conflict other but aligned.
Look beyond the Product
Be clear on the difference between the product vision and the product and don’t confuse the two. The former is the motivation for developing the product; the latter is a means to achieve the overarching goal.
Say that I want to create a computer game that allows children to choose and interact with characters, select different music tracks and worlds, choreograph their own dances, and play together with friends. This might be a nice idea, but it is not the actual vision.
An effective product vision goes beyond the product and captures the change the product should instigate. A vision for the game would be “Help children enjoy music and dancing”.
Distinguish between Vision and Product Strategy
Your product vision should not be a plan that shows how to reach your goal. Instead, you should keep the product vision and the product strategy – the path towards the goal – separate. This enables to change your strategy while staying grounded in your vision. (This is called to pivot in Lean Startup.)
At the same time, a vision is the prerequisite for choosing the right strategy. If you don’t have an overarching goal then you cannot decide how you best get there. This is nicely illustrated by the famous conversation between the Cheshire Cat and Alice in Alice’s Adventures in Wonderland. Asked which way Alice should take, the cat replies: “That depends a good deal on where you want to get to.” “I don’t much care where –,” says Alice. “Then it doesn’t matter which way you go,” responds the Cheshire Cat.
A handy tool for describing both the product vision and the product strategy is the Product Vision Board. Its top section captures the vision, and the ones below state the strategy to realise the vision. You can download the tool for free from romanpichler.com/tools/vision-board.
Employ a Shared Vision
You can come up with the most beautiful vision for your product. But it’s useless if the people involved in making the product a success don’t buy into it. To leverage the vision as the product’s true north, to create alignment, and to facilitate effective collaboration, the product vision must be shared – everyone must have the same vision. Without a shared vision, people follow their own goals making it much harder to achieve product success.
A great way to create a shared product vision is to employ a collaborative visioning workshop. Rather than formulating a product vision and then selling it to the key people you create it together. Use the product idea as an input and ask the workshop attendees to capture their motivation for working on the product. Then compare the different visions, look for common ground, and combine the different goals into a new one everybody agrees with.
You can
...more
View all episodesView all episodes
Download on the App Store

Roman's Product Management PodcastBy Roman Pichler

  • 5
  • 5
  • 5
  • 5
  • 5

5

3 ratings


More shows like Roman's Product Management Podcast

View all
The Knowledge Project by Shane Parrish

The Knowledge Project

2,672 Listeners

The Look & Sound of Leadership by Essential Communications - Tom Henschel

The Look & Sound of Leadership

1,166 Listeners

Coaching for Leaders by Dave Stachowiak

Coaching for Leaders

1,474 Listeners

Kassenzone | CEO Interviews by Alexander Graf & Karolin Junker De Neui

Kassenzone | CEO Interviews

4 Listeners

OMR Podcast by Philipp Westermeyer - OMR

OMR Podcast

40 Listeners

digital kompakt | Digitale Strategien für morgen by Joel Kaczmarek

digital kompakt | Digitale Strategien für morgen

7 Listeners

Hotel Matze by Matze Hielscher & Mit Vergnügen

Hotel Matze

191 Listeners

The Diary Of A CEO with Steven Bartlett by DOAC

The Diary Of A CEO with Steven Bartlett

8,893 Listeners

Die Produktwerker by Tim Klein, Dominique Winter, Oliver Winter

Die Produktwerker

0 Listeners

All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

All-In with Chamath, Jason, Sacks & Friedberg

9,901 Listeners

Coaching Real Leaders by Harvard Business Review / Muriel Wilkins

Coaching Real Leaders

668 Listeners

Huberman Lab by Scicomm Media

Huberman Lab

29,231 Listeners

Product Thinking by Melissa Perri

Product Thinking

146 Listeners

The Startup Ideas Podcast by Greg Isenberg

The Startup Ideas Podcast

206 Listeners

HBR On Leadership by Harvard Business Review

HBR On Leadership

161 Listeners