Category: Product Management

How to Achieve Sustainable Growth in a High-Inflation Environment

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As high-interest rates and inflation dominate headlines, angel investors and private equity firms alike are on the lookout for lucrative returns. In this increasingly challenging financial landscape, businesses must prioritise profitability and sustainability to thrive. One key to unlocking this potential is embracing the transformative power of AI, smart agents, and low/no code development, which allows for a 10x productivity revolution.

Here are four crucial strategies for businesses to succeed in today’s high-inflation environment:

1. Solidify business plans: With investors scrutinising every detail, businesses must present robust, well-researched plans demonstrating a clear path to profitability, not just growth. Incorporate the latest advancements in AI and smart agents to optimise operations and drive efficiency.

2. Update & develop relevant product roadmaps: As AI and smart agents become ubiquitous in the next five years, businesses must ensure their product roadmaps align with this reality. Focus on creating innovative solutions that leverage AI and smart agent technologies to meet customer needs and stay ahead of the competition. Its highly likey your mid-term roadmap needs to change if it has not already.

3. Embrace the 10x productivity revolution: AI and smart agents have the potential to unlock a 10x increase in productivity. By adopting these technologies, businesses can optimise processes, enhance customer experiences, and maximise value creation amid inflationary pressures.

4. Prioritise profitable and sustainable growth: It’s essential to focus on business fundamentals. By ensuring sustainable growth and profitability, businesses can better navigate economic challenges and attract the interest of investors seeking dependable returns.

Businesses must adapt to the rapidly changing economic landscape by focusing on solid business plans and relevant product roadmaps and embracing the 10x productivity revolution driven by AI, smart agents and low/no-code development.

#AI #SmartAgents #Inflation #BusinessGrowth #Sustainability #10xProductivity #Profitability #Innovation #AngelInvestors #PrivateEquity

Are we entering a New Golden Age of Discovery: The Renaissance Person Reimagined in LLMs

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As we delve deeper into the world of advanced language models, such as GPT-4.0 and beyond, we are witnessing the dawn of a new era in human progress. This technological revolution is reminiscent of the Renaissance, a period of unparalleled discovery, creativity, and innovation. In this new age, the Renaissance person is reimagined through the power of LLMs (Large Language Models).
In a recent article on #Emergence (https://lnkd.in/ejVBmBep), Jason Wei discusses how the connections in LLMs are giving rise to unforeseen capabilities. These emergent abilities enable AI to understand and generate human-like responses, opening doors to previously unimaginable possibilities. As we uncover more about the potential of LLMs, it’s becoming clear that we are on the brink of a new golden age of discovery, in my view.
The advancements in LLMs will reshape how we work and interact, driving us towards a #10xProductivity future. By leveraging these powerful tools, we can optimise our workflows, enhance collaboration, and unlock previously untapped sources of creativity. We can reinvent the renaissance person concept by embracing a multidisciplinary approach, blending AI and human ingenuity to tackle complex challenges.
This new age will not only redefine what it means to be a Renaissance person but also propel us towards a future where the collaboration between humans and AI leads to unparalleled achievements

Productivity Paradox: Embracing Constraints to Drive 10x Performance

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To achieve a 10x productivity revolution, it’s essential to challenge the belief that more resources lead to greater productivity. Not every resource request must feel like a tug of war when you make fewer of them. A focus on the skill level and effective utilisation of your resources make all the difference. Constraints can be helpful, especially when developing a product with undefined scope. By defining a set of constraints, you can keep your product on track to meet your desired outcomes.

The Theory of Constraints is a systematic approach to improving a system’s performance by identifying and addressing its limiting factors. Your organisation’s productivity is limited by its most critical constraint or bottleneck. By identifying and addressing these constraints, you can boost your productivity significantly. For example, in a manufacturing company, optimising the production line constraint can lead to improved overall productivity, knowledge work is not manufacturing to be however.

Another common constraint in many businesses is a key person everyone turns to for specific tasks. This individual may be one of the best on the team, with unique knowledge or the one who knows the process best. However, this can lead to a bottleneck if that individual is overworked or unavailable. Identifying such constraints and addressing them can lead to a significant boost in productivity.

By embracing the theories of constraints and other productivity approaches, like agile, lean, six sigma, design thinking, and systems thinking. You can drive a 10x productivity revolution in your organisation. Join me on my blog for more insights and tips on increasing productivity and achieving more with less. My book will be out in the next few weeks.

#ProductivityRevolution #TheoryOfConstraints #ProductivityTips #ConstraintsAreFriends #Agile #Lean #DesignThinking #SystemsThinking #SixSigma #Optimization #Bottleneck #dalle

Embracing Experimentation, Validated Learning, and “Pirate metrics” to drive 10x Productivity

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As a product manager and Chief Product Officer, I’ve learned that the key to productivity is not more resources, but rather a smaller, more talented team with specialist knowledge in software development frameworks. Embracing experimentation, validated learning, and “Pirate metrics” can also lead to greater productivity.

To become a 10x productivity hero, it’s important to understand what makes teams productive at different stages of the product and business lifecycle and to minimise waste by recognizing the benefits of smaller teams. Follow the “2 pizza box rule” on team size as a good rule of thumb.

Coordination and communication become crucial in larger teams, especially when not co-located. And remember that becoming a 10x programmer is not about doing an order of magnitude more work, but by making better decisions an order of magnitude more often.

Join the 10x productivity revolution by following my blog for more insights on increasing productivity and becoming a productivity hero in your organisation. My book will be out in early march.

#ProductivityRevolution #10xhero #specialistknowledge #validatedlearning #coordination #communication #2pizzaboxrule #productivitytips #dalle

Drive your teams productivity 10x: Why Backlogs are not just for development teams.

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If you work as part of a technology team or are a product owner, you’ll be familiar with the concept of a ‘backlog.’ In short, a backlog consists of a list of incomplete work items, ideally in priority order and only containing items you can complete in a reasonable amount of time.

Backlogs are common in development environments and are part of Scrum and Kanban, but don’t just think of them as being exclusive to tech startups or new product development. Backlogs can play an important role in helping any business become more productive.

When I headed the global marketing department at Travelport, we ran the whole department off a set of interconnected Kanban boards. After a lot of initial pushback, the team slowly started to recognise the value of visualizing work, understanding work in progress (WIP) limits, and measuring velocity and gained a basic understanding of the underlying principle behind most agile and lean tools.

With access to automation tools, increased data, and better analytics, the traditional marketing department that once focused on creative is beginning to look and function like a development environment. In a growth hacking oriented environment, managing marketing in this way might be a distinct advantage. Combine that with AI to stimulate ideas and support SEO and blogs and you can deliver a step change in marketing productivity learn more in ‘10x The Productivity Revolution” coming soon!