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Effective Platform Product Management

Effective Platform Product Management

By : Memon
4.8 (12)
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Effective Platform Product Management

Effective Platform Product Management

4.8 (12)
By: Memon

Overview of this book

Scaling a platform is a lot different than scaling a product. This is why product managers developing or transitioning to a platform model are often facing completely new challenges – both technical and strategic. But if you want to build the next Amazon, Netflix, Spotify, or a completely new type of platform, then you need to adopt a platform-first approach to change how you invent, develop, and market solutions. This is where Effective Product Platform Management comes in. This book addresses product management as a critical pillar of platform development. It'll help you understand the difference between traditional and modern product management for platforms and even decide whether the platform business model is the way to go for you. As you progress, you’ll be able to build the right platform strategy, define the MVP, and focus on ongoing backlog prioritization for successful platforms. This book will also walk you through the practical steps and guidelines that can ease your organization’s transition from linear products to platforms. By the end of this platform product management book, you’ll have learned the essential aspects of product management for building successful and scalable platforms. You’ll also have a clear understanding of the next steps you need to take to perfect and execute your new platform strategy – and take on the world.
Table of Contents (15 chapters)
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1
Section 1: Building the Right Strategy for the Platform Business Model
6
Section 2: Building the Platform
10
Section 3: Measuring the Performance of the Platform

Summary

In this chapter, we looked at backlog prioritization and how it is different for platforms compared to linear products. We discussed some of the essential factors that product managers should know about the platform for effectively prioritizing their backlog. For example, what is the platform's core offering or the price that the platform users are paying for its usage? Understanding these details can help product managers to identify and prioritize capabilities of the platform that are beneficial for the entire platform's ecosystem.

We learned why metrics-driven prioritization is useful and how to utilize the metric results to identify features. We looked at some example features and capabilities to optimize each category of platform metrics: accumulation, connection, and interaction. We also explored a prioritization framework and understood how it could be applied using a few sample features.

We discussed some challenges that product managers face for platform...

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