Art of Problem Solving
As a Product Manager, the challenge lies in deciphering the difference between identifying the problem (problem space) and finding the solution (solution space). With inputs pouring in from various stakeholders like end users, management, and investors, it's easy to get overwhelmed. Often, these inputs focus on solutions without clearly defining the underlying problems. This tendency stems from a fragmented view of the overall situation, where each stakeholder sees only a piece of the puzzle. To navigate this complexity, Product Managers must distinguish between understanding the problem and proposing solutions, ensuring alignment and clarity throughout the product development process.
The problem space involves exploring and understanding the problem at hand to uncover its underlying complexities and potential solutions, often aiming for an outcome that significantly surpasses the initial problem's magnitude. It's about delving deep into the problem's dimensions, its various facets, and the broader context surrounding it to identify opportunities for innovative and impactful solutions. This process may involve brainstorming, research, analysis, and creative ideation to envision possibilities that go beyond merely addressing the immediate issue and instead aim for transformative change or improvement—what's often referred to as a "10x" solution, meaning a solution that is ten times better than the existing alternatives.
The problem typically emerges from a misalignment between the target audience's needs and the current solution or situation. It begins with identifying the specific target group (TG) and understanding their pain points, challenges, or unmet needs. Next, delving into the "why" of the problem involves uncovering the root causes or underlying factors contributing to the issue.
Assessing the gravity of the problem involves understanding its impact on stakeholders, whether it's affecting efficiency, revenue, user experience, or other critical metrics. This evaluation helps prioritize problem-solving efforts and allocate resources accordingly.
Determining the depth of the need involves gauging how profoundly the target audience requires a solution to address their pain points. Understanding the scale of the problem involves assessing its reach or prevalence—whether it affects a niche group or has broader implications across multiple segments or industries.
By systematically analyzing these aspects, organizations can gain a comprehensive understanding of the problem, facilitating the development of effective strategies and solutions tailored to meet the identified needs and challenges of the target audience. All reside in Problem space
To be an effective operator, mastering both discovery and execution is essential. Discovery involves dedicating around 60% of your time to understanding the problem thoroughly before diving into execution. This ensures that you're addressing the right issues and not just rushing into solutions. However, it's crucial to evaluate whether we're truly allocating enough time and effort to discovery. Are we investing adequately in understanding the problem space before leaping into action? This reflection helps ensure that we're striking the right balance between discovery and execution to drive successful outcomes.
The problem space represents the comprehensive landscape of challenges, requirements, and aspirations of your target customers that your product aims to fulfill. It's crucial not to narrowly define the term "needs" because it encompasses more than just basic requirements. Whether it's addressing a customer's pain points, fulfilling their desires, helping them accomplish a specific task, or meeting a user story, all these aspects coexist within the problem space.
Understanding the problem space thoroughly allows you to develop a product that resonates deeply with your customers and effectively addresses their diverse needs. By recognizing the various dimensions of customer requirements, you can tailor your product offerings and strategies to meet these demands effectively, ensuring that your product delivers real value and makes a meaningful impact on your customers' lives.
Problem space and Solution space are not static concepts. The dynamics between problem space and solution space highlight the iterative nature of product development. When we introduce a solution to address a problem, it shapes the user experience and can even modify the original problem. For instance, implementing an asynchronous course with a GPT layer may improve feedback frequency, tackling the need for timely responses. However, it might not fully address the quality of feedback. This iterative process reveals new insights, refines the solution, and often leads to the evolution of both the problem and the solution itself.
What is solution space ?
The solution space is where we translate ideas into tangible products, services, or digital solutions aimed at addressing the problems identified in the problem space. It's where innovation happens, as we brainstorm, design, and develop solutions that meet the needs and preferences of our target audience. By exploring different possibilities and iterating on our ideas within this space, we can create offerings that effectively solve customer challenges, ultimately driving value and satisfaction.
What is optimal discovery ?
Optimal discovery refers to a process of exploration and learning aimed at uncovering valuable insights and opportunities within a given context, such as a market or a problem space. It involves systematically gathering and analyzing data, conducting research, and engaging with stakeholders to understand their needs, preferences, and pain points. The goal of optimal discovery is to identify the most promising avenues for innovation and problem-solving, ultimately leading to the development of effective solutions that deliver maximum value to customers and stakeholders. This process is iterative, adaptive, and customer-centric, enabling organizations to stay responsive to changing market dynamics and emerging opportunities.
A Fermi estimate, named after physicist Enrico Fermi, is a method of making rough, back-of-the-envelope calculations using limited data and simple assumptions. It's particularly useful for estimating quantities or solving problems when precise information is unavailable or when a quick approximation is needed. Fermi estimates often involve breaking down complex problems into simpler components, making reasonable assumptions, and using basic arithmetic to arrive at a rough estimate. While Fermi estimates may not be highly accurate, they provide a useful way to gain insights, evaluate feasibility, and make informed decisions in a wide range of fields, from science and engineering to economics and everyday life.
In many scenarios, it's not feasible or practical to have access to all available information before making a decision. Instead, decision-makers often rely on a significant portion of the available information, typically around 70%, to assess the situation and determine the best course of action. This approach acknowledges that some level of uncertainty is inherent in decision-making and emphasizes the importance of taking calculated risks based on reasonable confidence levels.
As a product manager, understanding where to focus your discovery efforts and make strategic choices is crucial. It's about knowing where to allocate your time and resources most effectively. A good product manager recognizes that perfection is not always attainable, but prioritizes launching the product to market and then iteratively improving it based on strong feedback loops. By valuing your time and making informed decisions about where to invest your efforts, you can maximize the impact of your product and drive continuous improvement.
Lets see Examples for Problem Space and Solution Space :
1.The "Space Pen" serves as an interesting example within the contexts of problem space and problem solution in product development.
In the problem space:
In the problem solution:
Overall, the Fisher Space Pen exemplifies how understanding and addressing challenges within the problem space can lead to innovative solutions that fulfill specific needs, even in extreme environments like outer space.
2.In the problem space:
In the problem solution:
By addressing the problem within the problem space and implementing effective solutions, Apple could enhance user satisfaction and maintain the functionality and reliability of the 2013 MacBook Pro's power button.
The best way to understand the problem space is to explore and analyze the solution space. By examining existing solutions, potential approaches, and outcomes within the solution space, one gains valuable insights into the underlying challenges, needs, and opportunities present in the problem space.
Here's how exploring the solution space aids in understanding the problem space:
Overall, leveraging the solution space as a lens for understanding the problem space provides a holistic and informed approach to problem-solving, facilitating more effective and impactful interventions.
Utilize the problem space to identify underlying needs, while examining the solution space of existing products reveals unmet needs within the problem space. To understand user needs deeply, focus on exploring challenges, aspirations, and motivations within the problem space, devoid of specific solutions. Simultaneously, analyzing existing products in the solution space provides insights into gaps and opportunities, guiding the development of innovative solutions aligned with user needs. Integrating insights from both spaces ensures customer-centric product development that addresses unmet needs effectively.
Understanding customers' "problem space" needs can indeed be challenging. Often, customers themselves might not be fully aware of their abstract needs or might struggle to articulate them accurately. It requires a deep level of empathy and active listening to uncover these needs. Sometimes, customers might express their needs in terms of specific solutions or features they desire, which might not fully capture the underlying problem they're trying to solve. It's the job of businesses to delve deeper, ask probing questions, and observe customer behavior to gain insights into these abstract needs and priorities. It's a process that requires patience, persistence, and a willingness to explore beyond surface-level requests.
When customers interact with tangible products or designs in the solution space, they can provide feedback more easily since they can see, touch, and experience the product directly. For instance, showing customers a new version of a messaging app allows them to identify likes and dislikes, compare it to existing solutions, and articulate its advantages and drawbacks. This direct feedback loop complements techniques like contextual inquiry, providing valuable insights for validating assumptions and iterating on product designs efficiently. Engaging customers in the solution space drives product improvement, innovation, and better user experiences, enhancing overall satisfaction.
How you identify the size of the market?
Important aspects of market definition and segmentation:
1. Defining the Size of the Market Based on Needs in the Problem Space: This approach focuses on understanding the specific needs, pain points, or challenges that potential customers face. By identifying these needs and estimating the total demand for solutions, you can determine the size of the market. This method ensures that you tailor your product or service offerings to address customer needs effectively, maximizing market potential.
2.?Defining the Target Customer by Capturing Relevant Attributes: This approach involves identifying and capturing all relevant customer attributes that characterize individuals within your target market. This includes demographics, psychographics, behavior, and needs. By thoroughly understanding your target customers, you can develop targeted marketing strategies, tailor product features, and effectively communicate value propositions to resonate with your audience.
Together, these approaches provide a comprehensive understanding of the market and target customers, allowing businesses to develop strategies that effectively address customer needs and preferences, maximize market opportunities, and drive business success.
When defining the target customer, businesses consider a range of attributes across four main categories:
By considering a combination of demographic, psychographic, behavioral, and needs-based attributes, businesses gain a holistic understanding of their target customers. This enables them to develop targeted marketing campaigns, tailor product offerings, and deliver personalized experiences that resonate with their audience and drive business growth.
Identify product ideas to solve problems
A highly effective approach to generating ideas for problem-solving involves constructing hypothesis statements.
Creating a hypothesis statement: A hypothesis statement is a proposed explanation or prediction about a phenomenon or problem that can be tested through research or experimentation. It typically states the relationship between two or more variables and is used to guide scientific inquiry or investigation.
Let's explore the distinctions between a hypothesis, a conjecture, and a theory.
A hypothesis is indeed often formulated as an "if-then" statement, where the "if" part represents the proposed explanation or prediction, and the "then" part outlines the expected outcome if the hypothesis is true. For example, "If increased sunlight exposure leads to higher plant growth, then plants grown in sunlight will be taller than those grown in shade."
A conjecture, on the other hand, is indeed similar to a hypothesis but is typically more speculative in nature. It's an assumption or proposition based on limited evidence or intuition, often without the rigorous testing associated with a hypothesis. Conjectures are commonly found in mathematics and other theoretical disciplines, where they serve as starting points for further investigation or proof. For example, in mathematics, a conjecture may propose a relationship or pattern that has been observed but not formally proven
A theory, on the other hand, is a well-substantiated explanation or framework that has been extensively tested, validated, and supported by evidence from multiple sources. Unlike a conjecture, a theory provides a comprehensive and coherent understanding of a phenomenon or set of phenomena. In science, theories are widely accepted explanations that have withstood rigorous scrutiny and are supported by empirical data. For example, the theory of evolution by natural selection in biology provides a framework for understanding the diversity of life on Earth based on observations, experiments, and fossil records.
So, while a hypothesis is a specific, testable proposition, a conjecture is a broader, more tentative statement that may or may not be true, often awaiting further evidence or validation, a theory represents a mature and extensively validated explanation that has achieved broad acceptance within the scientific community.
Here are hypothesis statements tailored to address user's needs and concerns:
1.???? Hypothesis: If a tax preparation tool is developed with clear and simplified instructions, specifically tailored for users with limited knowledge of taxes, then users like the interviewee, who find instructions confusing, will experience reduced uncertainty and confusion when determining which forms to fill out.
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2.???? Hypothesis: If an interactive tax preparation platform is created to guide users through the tax filing process step-by-step, providing explanations and recommendations based on their individual financial situations, then users will feel more confident and empowered to accurately complete their tax returns.
3.???? Hypothesis: If a tax preparation software includes features for automatic error detection and correction, flagging potential mistakes or missing information in real-time, then users will have increased assurance in the accuracy of their tax returns, reducing the likelihood of errors and audit risks.
These hypothesis statements aim to address the specific challenges faced by users, such as confusion and uncertainty, by proposing potential solutions that enhance clarity, guidance, and accuracy in the tax preparation process.
By aligning your product strategy with these ethos, you can create a compelling value proposition that resonates with users' practical needs, financial priorities, emotional well-being, and peace of mind. This approach can help differentiate your product in the market and drive user adoption, retention, and satisfaction.
Here are examples of how you can implement each ethos into your product strategy with tangible features and functionalities:
1. Saves Time:
? Example Feature: Introduce a "Quick Fill" option in your tax preparation software, where users can import their financial data directly from third-party platforms like banks or employers, eliminating the need for manual data entry.
? Implementation: Develop integrations with popular financial institutions and payroll systems to automate the retrieval of income, expenses, and other relevant information, saving users significant time during tax filing.
2. Saves Money:
? Example Feature: Offer a "Price Comparison Tool" in your online shopping platform, allowing users to compare prices across different retailers and find the best deals for their desired products.
? Implementation: Aggregate pricing information from multiple sources and display them in a user-friendly interface, highlighting cost-saving opportunities and promotions to help users make informed purchasing decisions and save money.
3. Feel Confident:
? Example Feature: Implement a "Secure Document Upload" feature in your cloud storage service, encrypting user files during transmission and storage to protect them from unauthorized access or data breaches.
? Implementation: Employ industry-standard encryption protocols and security measures to safeguard user data, provide clear notifications and status updates to users when uploading or accessing files, and offer options for multi-factor authentication to enhance account security and user confidence.
4. I Have a Backup:
? Example Feature: Introduce an "Automatic Backup" functionality in your project management software, regularly saving project data and progress to a secure cloud server to prevent loss in case of device failure or data corruption.
? Implementation: Develop scheduled backup routines that run in the background, transparently backing up user data at regular intervals without requiring manual intervention. Provide options for users to customize backup settings and restore previous versions of their work if needed, giving them peace of mind knowing their data is safe and recoverable.
These examples demonstrate how you can translate each ethos into concrete product features and functionalities that address user needs and preferences, ultimately enhancing the overall value proposition of your product.
Now let's discuss frameworks:
Frameworks are rooted in thinking processes, their value lies in their ability to streamline problem-solving and decision-making, ultimately benefiting end customers. By applying frameworks effectively, businesses can enhance product quality, optimize user experience, and meet customer needs more efficiently. To translate this value to customers, businesses should focus on delivering tangible benefits such as improved product functionality, increased convenience, better usability, and enhanced satisfaction. This can be achieved through iterative testing, user feedback, and continuous improvement efforts guided by the principles embedded within the frameworks. Ultimately, the goal is to ensure that the application of frameworks results in meaningful outcomes that positively impact the customer experience.
One of the key frameworks is the Importance versus Satisfaction framework.
Dan Olsen's perspective on Importance and Satisfaction succinctly highlights their distinction and significance in product development:
Importance: Refers to the significance of various customer needs in the problem space. Different needs hold varying levels of importance for individual customers, influencing their preferences and priorities.
Satisfaction: Represents the degree of contentment a customer experiences with a specific solution that addresses their needs. It reflects how effectively the solution meets their expectations and fulfills the desired benefits.
Understanding the interplay between Importance and Satisfaction enables businesses to tailor their product offerings to better align with customer needs and enhance overall satisfaction.
In the Impact vs Satisfaction framework, Impact is assessed from the perspective of customer needs. If a customer doesn't have a strong need for a particular solution or feature, its quality or performance becomes less relevant because it won't significantly impact their satisfaction. Therefore, the emphasis is on identifying and addressing high-impact needs first, as satisfying these needs will have a more substantial effect on overall customer satisfaction. This approach ensures that resources are allocated efficiently to areas where they can make the most significant difference in meeting customer needs and enhancing their experience.
Expanding on the Impact vs Satisfaction framework, we can identify four additional sections:
1.???? Low Need, Low Solution Quality: In this scenario, where there is minimal need for a solution and the solution quality is also low, the impact on customer satisfaction is negligible. Customers are unlikely to be interested or influenced by such offerings.
2.???? Low Need, High Solution Quality: Even if the need for a solution is low, but the solution itself is of high quality, customers may not perceive significant value or benefit. Despite the superior solution quality, customers may not prioritize or engage with these offerings.
3.???? High Need, Low Satisfaction: When there is a high need for a solution but the existing solutions fail to meet customer expectations, there is a prime opportunity for intervention. Solutions addressing these high-need areas with low satisfaction levels have the potential for significant impact and customer adoption, as demonstrated by products like Jira.
4.???? High Need, High Solution Quality (Competitive Market): In highly competitive markets where there is a high demand for solutions and multiple offerings of good quality exist, differentiation becomes crucial. Companies must strive to provide exceptional value and experiences to stand out and capture market share, as seen in industries like ecommerce or the airline market with players like #SpiceJet and #IndiGo competing against market leaders like #Mercedes in the automotive sector.
In the context of Kingfisher Airlines, the "High Need, High Solution Quality" quadrant within the Impact vs Satisfaction framework would pertain to scenarios where there was a significant demand for premium air travel services, and Kingfisher Airlines successfully provided high-quality solutions that met or exceeded customer expectations, especially in a competitive market. Here's how this quadrant might apply to Kingfisher Airlines:
1.???? High Demand for Premium Air Travel Services: Kingfisher Airlines operated in a market where there was a substantial demand for premium air travel experiences, particularly among business travelers and affluent individuals seeking luxury and comfort during their journeys. This demand could have been driven by factors such as the need for convenient and efficient travel options, personalized services, and superior in-flight amenities.
2.???? Exceptional Quality of Services and Amenities: Kingfisher Airlines differentiated itself by offering top-notch services and amenities that set it apart from competitors. This could include spacious seating arrangements, gourmet dining options, luxurious lounges, attentive customer service, and innovative in-flight entertainment systems. By consistently delivering a high-quality travel experience, Kingfisher Airlines positioned itself as a preferred choice for travelers seeking luxury and sophistication.
3.???? Competitive Advantage in the Market: In a competitive market landscape where other airlines also aimed to cater to the premium segment, Kingfisher Airlines maintained a competitive advantage through its exceptional offerings and brand reputation. By continuously investing in product innovation, service excellence, and brand positioning, Kingfisher Airlines solidified its position as a leading provider of luxury air travel services, attracting discerning travelers who valued quality, comfort, and prestige.
Overall, in the "High Need, High Solution Quality" quadrant, Kingfisher Airlines successfully addressed the high demand for premium air travel services by providing exceptional solutions that not only met customer needs but also exceeded expectations, thereby maintaining a strong foothold in the competitive market.
Validating Product Ideas :
When you're deeply involved in creating a product, you become intimately familiar with its intricacies and functionalities. However, this closeness can lead to a phenomenon called "product blindness," where you inadvertently overlook issues that new users might face. Despite your expertise, you may miss critical aspects that could impact the user experience.
This is where user feedback becomes invaluable. By soliciting feedback from actual users, you gain fresh perspectives that highlight areas of improvement or features that may not be as intuitive as you assumed. This feedback serves two main purposes:
1.???? Usability:: It helps you understand how easily users can navigate your product and perform tasks. Feedback on usability uncovers pain points and challenges that users encounter, allowing you to streamline workflows and enhance the overall user experience.
2.???? Product-Market Fit: User feedback also provides insights into the perceived value of your product. By understanding how users perceive the usefulness and relevance of your product to their needs, you can assess its alignment with market demands and identify opportunities for refinement or expansion.
In essence, user feedback acts as a reality check, helping you bridge the gap between your perception of the product and how it's actually perceived and used by customers. By embracing feedback loops and actively incorporating user input into your product development process, you can iterate and improve your offerings iteratively, ensuring they resonate with your target audience and meet their evolving needs.
Product Value Template :
The Product Value Template outlines three essential categories that define the value proposition of a product:
By considering these three categories, product developers can prioritize features and attributes that address core customer needs while also providing additional value and differentiation in the market.
Example of Duckduckgo VS Google
DuckDuckGo and Google are search engines with distinct value propositions:
Overall, while both search engines fulfill the basic need for information retrieval, they differentiate themselves through their approach to privacy, search algorithms, and additional features, catering to distinct user preferences and priorities.
The "Must-Have," "Performance Benefit," and "Delighter" categories are not static; they evolve with changing user needs, technology advancements, and market trends. Must-have features are stable but may shift with evolving user expectations. Performance benefits change as technology advances. Delighters are dynamic, subject to changing user preferences. Despite this, these categories provide a structured way to understand product value, guiding product teams in adapting to evolving landscapes.
Product @Vistaar Finance I Ex- Growth @Muthoot I Mentor @Rethink Systems
7 个月very well articulated Mamta Sanvatsarkar ??
AI Product Manager | Delivering High-Impact, Customer-Centric Products through Data-Driven Insights
7 个月Great Mamta Sanvatsarkar ??
Tech for social good | product | Problem Solver
7 个月Very well written Mamta Sanvatsarkar.
LinkedIn Top Voice - Product Management & Product Design | Product @ Increff | Product Mentor @ Rethink Systems
7 个月Beautifully written Mamta Sanvatsarkar ????
Product Manager | Driving Product Innovation
7 个月Very well articulated and researched, really helped to quickly touchbase these concepts again