Saved by Emilie Kormienko
Getting better at product strategy
Qualities of well-articulated strategy: s hort, m emorable, is explained with framework or a metaphor, leverages the rule of three, is easy to find (and share)
Lenny Rachitsky • Getting better at product strategy
To develop a winning strategy, you have to get three things right: ☝️ The actual strategy 👏 Articulating the strategy 🤝 Acting on the strategy
Lenny Rachitsky • Getting better at product strategy
a talented leader identifies the one or two critical issues in the situation—the pivot points that can multiply the effectiveness of effort—and then focuses and concentrates action and resources on them.”
Lenny Rachitsky • Getting better at product strategy
Qualities of well-articulated strategy
- Short
- Memorable
- Is explained with framework or a metaphor
- Leverages the rule of three
- Is easy to find (and share)
Lenny Rachitsky • Getting better at product strategy
A strategy is your plan to win.
Lenny Rachitsky • Getting better at product strategy
“A good strategy is, in the end, a hypothesis about what will work.”
— Michael Porter
Lenny Rachitsky • Getting better at product strategy
To develop a winning strategy, you have to get three things right:
- ☝️ The actual strategy
- 👏 Articulating the strategy
- 🤝 Acting on the strategy
Lenny Rachitsky • Getting better at product strategy
Qualities of great strategy
- Problem-oriented : Clearly identifies the problem
- Insight-driven : Rooted in insights, both quantitative and qualitative
- Actionable : Outlines concrete actions/investments that will solve this problem
- Focused : Has a small number of high-leverage bets
- Cohesive : Create a clear path from the problem to the solution
Lenny Rachitsky • Getting better at product strategy
Broadly, the best way to get better at developing strategy: s pend time understanding your market (including your competition); s pend time understanding your customers and their needs; spend time crafting and executing strategies — and learn from those experiences; study colleagues who are great strategic thinkers; read about strategy.