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Tabassum Memon - Effective Platform Product Management: A product managers guide to strategizing and executing the platform business model to expand the customer base

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Tabassum Memon Effective Platform Product Management: A product managers guide to strategizing and executing the platform business model to expand the customer base
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Design, strategize, and implement a proven roadmap for your platforms to scale your business across multiple channels that provide a seamless and intuitive user experience

Key Features
  • Understand the importance of platform business models and the difference between linear products and platforms
  • Explore the end-to-end platform life cycle, from developing a strategy to measuring the outcome
  • Discover the benefits of the platform business model and effective strategies through examples
Book Description

In recent years, platform business models have revolutionized various industries, including retail and media. Companies such as Amazon, Netflix, and Spotify have changed how businesses reach out to their consumers. With the rise of these platforms and the increased use of technology, consumers prefer to search, explore, compare, and choose between different options within a single uninterrupted user experience. Providing such an experience is difficult and almost impossible when using linear models, and this is why modern businesses must adopt a platform-first approach to change how they invent, develop, and market solutions.

This book addresses a critical pillar of platform development product management. Itll help you to understand the difference between traditional and modern product management for platforms while exploring the importance and benefits of the platform business model. As you progress, youll be able to build the right platform strategy, define the MVP, and focus on ongoing backlog prioritization for successful platforms. This book also walks you through the steps and guidelines thatll help organizations and product managers to transition from linear products to platforms.

By the end of this platform product management book, youll have learned the essential aspects of product management for building successful and scalable platforms.

What you will learn
  • Understand the difference between the product and platform business model
  • Build an end-to-end platform strategy from scratch
  • Translate the platform strategy to a roadmap with a well-defined implementation plan
  • Define the MVP for faster releases and test viability in the early stages
  • Create an operating model and design an execution plan
  • Measure the success or failure of the platform and make iterations after feedback
Who this book is for

This book is for product managers, product owners, product directors, and business executives responsible for defining platform strategy and its day-to-day execution. The book will also be useful for change managers and program managers who are responsible for the transition from products to platforms. No prior knowledge of platform strategy or platform transitioning is required as the book covers these topics to help you get started.

Table of Contents
  1. Fundamentals of Platform Business Models
  2. Difference between Linear Products and Platforms
  3. Research and Validation
  4. Building a Platform Strategy
  5. Defining the MVP and Creating a Platform Roadmap
  6. Launching the Platform
  7. Creating a Platform Operating Model
  8. Metrics to Measure the Platform Outcome
  9. Ongoing Backlog Prioritization
  10. Moving from Linear Products to Platforms

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Effective Platform Product Management A product managers guide to strategizing - photo 1
Effective Platform Product Management

A product manager's guide to strategizing and executing the platform business model to expand the customer base

Tabassum Memon

BIRMINGHAMMUMBAI Effective Platform Product Management Copyright 2021 Packt - photo 2

BIRMINGHAMMUMBAI

Effective Platform Product Management

Copyright 2021 Packt Publishing

All rights reserved. No part of this book may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, without the prior written permission of the publisher, except in the case of brief quotations embedded in critical articles or reviews.

Every effort has been made in the preparation of this book to ensure the accuracy of the information presented. However, the information contained in this book is sold without warranty, either express or implied. Neither the author, nor Packt Publishing or its dealers and distributors, will be held liable for any damages caused or alleged to have been caused directly or indirectly by this book.

Packt Publishing has endeavored to provide trademark information about all of the companies and products mentioned in this book by the appropriate use of capitals. However, Packt Publishing cannot guarantee the accuracy of this information.

Group Product Manager: Aaron Lazar

Publishing Product Manager: Kushal Dave

Senior Editor: Ruvika Rao

Content Development Editor: Rosal Colaco

Technical Editor: Karan Solanki

Copy Editor: Safis Editing

Project Coordinator: Deeksha Thakkar

Proofreader: Safis Editing

Indexer: Sejal Dsilva

Production Designer: Joshua Misquitta

First published: October 2021

Production reference: 1051021

Published by Packt Publishing Ltd.

Livery Place

35 Livery Street

Birmingham

B3 2PB, UK.

ISBN 978-1-80181-135-4

www.packt.com

To my mother; you were the strongest person I have ever met in my life. Thanks for all the sacrifices you made for me and for teaching me the importance of hard work. This book will always have bittersweet memories for me. I lost you the day I started working on its proposal. I hope you will be proud as you look down on me.

Tabassum Memon

Contributors
About the author

Tabassum Memon is an expert product strategist who believes in lean product development and the platform-first approach. Currently, she is working as a CPO for Classroom Hunt, a company she founded. She has helped a lot of companies transform from product to platform thinking. During her 14-year product management and consulting career, she has worked with senior product leaders and executives of large enterprises in migrating from product to platform, defining product and platform strategies.

Acknowledgments

Rome was not built in a day, and neither was this book. This book is the result of the hard work and collaboration of a lot of people. Some of them were directly involved, while some have supported me in my journey, and I would like to thank each one of them.

Thanks to everyone on the Packt team who helped me so much. Special thanks to Rosal, Ruvika, Deeksha, and Kushal for editing and coordinating the publishing of this book.

I would also like to thank Pramod Sadalage and Sunil Mundra for helping me with the book's proposal.

To my technical reviewer, Mangalam Nandakumar, who thoroughly reviewed the book and caught things that I would have never imagined and thought about. Thanks for all the valuable feedback that improved the book.

I wish to thank Ananad Vishwanath and Kalyanasis Banerjee for helping and guiding me in different parts of my career and trusting me to take the responsibilities that helped me to learn and grow professionally.

A very special thanks to Max Griffiths for always motivating and encouraging me, and especially for having those intriguing discussions about platforms that triggered my interest in this area.

Finally, I would like to thank Ryan Murray for taking my interest in platforms to the next level, and for always guiding and mentoring me. Thanks a lot for believing in me, inspiring me, and supporting me in my journey. This book wouldn't have been possible without you; thank you so much.

About the reviewer

Mangalam Nandakumar has over 17 years of experience in product management and software delivery. She is an entrepreneur and has founded two start-ups. She started her career as a programmer and soon transitioned to business analysis and product management.

She co-founded her start-up, AIDAIO, in 2014, to enable businesses to enhance their customer engagement strategies. AIDAIO was shortlisted as one of the Top 10 Promising Start-Ups by CII in 2015. She was instrumental in establishing organization-level initiatives to coach and guide women to speak at conferences. She ran an art school and has conducted art workshops as well as exhibited and sold her artwork. She lives in Bengaluru, India, and enjoys playing and watching movies with her son.

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