Evidence receipt / evaluation
Published · transcript-backedSpeaker unverified: evaluation
16 Jun 2022 Lenny's Podcast Jackie Bavaro on getting better at product strategy, what exactly is strategy, PM pitfalls to avoid, advancing your career, getting into management, and much more
“talking about and we were each going to go around the room and talk about like which of the five pricing models did we think was best and i think i was like number three it's most was like number two and then our ceo gets and he's like i think really number four is the only reasonable one for these reasons and i was just like i agree i've changed my mind like you're right great i just saw it in a way that i hadn't seen and so just like hearing that it's like this accumulation of experiences i think matters so much for so many for strategy for data analysis all of these things were like Like I'm really, really good at data analysis, but only because I've seen so many experiments that I when I see a set of results, I like can just instantly remember like four similar experiments and like what the conclusion was and what went wrong with it.”
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- 16 Jun 2022
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Transcript context
…It's really good advice of just like looking for confusion and that points out where your strategy is lacking. How could PMs get better at strategy at doing this and getting better at this? Do you have any advice for that? Yeah. So strategy really should be collaborative work. I think that there is some amount to which the PM should go off by themselves and think about what strategy they want and have that in their back pocket because that way you actually can contribute to the conversation. But real strategy should be very collaborative. And I think the best way to learn and improve your strategy is One of them is going to be working with the other stakeholders and listening to their feedback and understanding what do they agree with or not agree with. So sometimes it's as easy as a conversation. And I can't remember the details here, but there was one conversation on pricing models that we were discussing. talking about and we were each going to go around the room and talk about like which of the five pricing models did we think was best and i think i was like number three it's most was like number two and then our ceo gets and he's like i think really number four is the only reasonable one for these reasons and i was just like i agree i've changed my mind like you're right great i just saw it in a way that i hadn't seen and so just like hearing that it's like this accumulation of experiences i think matters so much for so many for strategy for data analysis all of these things were like Like I'm really, really good at data analysis, but only because I've seen so many experiments that I when I see a set of results, I like can just instantly remember like four similar experiments and like what the conclusion was and what went wrong with it. And so I'll be like, oh, yes, this metric is up. But if you check this metric, you can see it's down, which means that it might be this conclusion. So it's just it's talking to people, listening to them that that builds it up a lot. But that's one half of it because you can't always just learn something by like a bunch of leaders sitting in a room talking to each other. So I think seeing things through to a certain amount of time really does help. And I think sticking with the team for long enough to be able to measure the results of what you did and ideally like iterate, like being on the sauna for eight years, I got to try something and then try something different and then try something different. And I got to really notice the patterns and test what works and what didn't and form those conclusions. So I think that sticking around long enough to see your results and especially try something else different and see those results, I think can make a big difference. So what I'm hearing is you get better, one, doing it over and over and over to kind of being in the conversations and learning from people directly. Is there anything else that like someone that, I don't know, doesn't have a lot of these experiences yet and is like in the room for these sorts of things that they could maybe study up on or practice just kind of like outside of this to get a little bit stronger in strategy?…
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