Innovation in Product Management

The myth of the visionary PM innovator. While product managers drive innovation and delivering delightful products that solve customer needs, too much pressure to come up with innovative ideas can take a toll on their mental and emotional well-being. Too often, product managers feel they need to be “disruptors” or “innovators” on their own, without a clear understanding of how collaborative product innovation happens and what their specific role in collaborative product innovation should be. That's why Clement Kao wrote a guide to product innovation for PMs. (via Product Teacher )

Why innovators and product managers should talk. In a webinar hosted by Lucy Luo, Alex Osterwalder, founder and CEO of Strategyzer, and Alex Adamopoulos, founder and CEO of Emergn discussed the pressing need for collaboration between innovators and product managers in today's business landscape. The discussion delved into the challenges, opportunities, and strategies for enhancing innovation in organizations. (via Strategyzer )?

Product management & innovation with Productboard. Sachin Rekhi joined Productboard for a conversation about all things product management and innovation. They covered several topics in the video, including Sachin’s favorite books on product management, the three types of product managers (builders, tuners, and innovators) and plenty of cameos from Sachin’s dog Dexter. (via Sachin Rekhi )?

What you need to know about product innovation. Fostering an environment of innovative thought within your organization can take time for a business leader. Determining the potential directions for innovation and navigating the implementation process with your current resources and competencies can be challenging. The team at Dovetail provides a comprehensive guide to product innovation that offers valuable insights and practical knowledge to help you grow your business.(via Dovetail )

Why innovation should be part of every step of your product life cycle. You can’t expect disruptive innovation if there’s no innovation in your process.Thomas Hoffmann uses the example of video games in the late 90s and early 2000s to explain how sometimes innovation goes beyond redefining your product to redefining your industry. Thomas explores the key facets of this approach, as well as the vital steps of product development, and how agile processes help teams respond quickly to opportunities for disruptive innovation. (via Contino, a Cognizant Company )

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Product Management News: Week of December 18, 2023

Adobe abandons $20 billion acquisition of Figma. Following mounting pressure from regulators in the UK and EU, Adobe and Figma announced on Monday that both companies are mutually ending their merger agreement, which would have seen Adobe acquire the Figma product design platform for $20 billion. Because of the termination, Adobe is required to pay Figma a reverse termination fee of $1 billion in cash. In design teams across the world, there was much rejoicing.

Google agrees to an app store settlement. Google has agreed to pay $700 million and make several other concessions to settle allegations it had been stifling competition against its Android app store. The settlement with the states includes $630 million to compensate U.S. consumers funneled into a payment processing system that state attorneys general alleged drove up the prices for digital transactions within apps downloaded from the Play Store. Depending on what Google does with its commission structure from now on, you may have some price changes to consider for your app transactions.

New FCC rules mandate ‘one-to-one’ marketing consent. The Federal Communications Commission voted last week to adopt stricter rules on how so-called lead generators must get consent to reach consumers. The new rules mean that when you check a box to receive marketing communications from one company, you’ll hear only from them—not hundreds or even thousands of other entities they may be linked to through a marketing network. Time to think about your lead gen plans for 2024.

NASA streams cat video from deep, deep space.Using laser communication, NASA streamed a cat video from almost 20 million miles away, or 40 round-trip flights to the moon. The demonstration was part of NASA’s Deep Space Optical Communications experiment, aimed at improving the infrastructure for communication beyond the Earth’s orbit. And because why wouldn’t you want to find a valid work reason to watch cat videos?