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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

Case study

Let's continue with the case study of our educational content sharing and learning platform, Escola. In the previous chapter, we researched to define the problem statement and identify the solution, and we also validated the viability and feasibility of our platform. The conclusion after different tests and analyses was to proceed to the next step for the Escola platform. Hence, in the next step, we will define the business vision, business strategy, and finally create the platform strategy for the Escola platform.

Business vision

To define the business vision, we must look at the problem statement that we are trying to solve and provide a direction to our company based on that problem. The problem that we were trying to solve through the Escola platform is that educators cannot reach out to interested students to share learning content, and students cannot find the right educators to receive that content.

Solving this problem will provide the business objective...

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