Premium Essay

Mistakes in Product Management

In:

Submitted By ajaymrao
Words 3304
Pages 14
The Top 12 Product Management Mistakes
And How To Avoid Them

Martin Cagan Silicon Valley Product Group

THE TOP 12 PRODUCT MANAGEMENT MISTAKES – AND HOW TO AVOID THEM
Martin Cagan, Silicon Valley Product Group

Bad products are everywhere. Products that simply aren’t useful, don’t work right, are too difficult to learn, or that take forever to sell. Little wonder, as there are so many things that have to go right in order to create a successful product. There are, however, some pitfalls that occur so frequently and are so damaging that we believe they are at the root of the vast majority of bad products. In this paper we review each of these pitfalls and describe why it’s so easy to get confused and fall into these traps. Keep this list handy, as it can hopefully serve as a reminder of the dangers to avoid in your own product development efforts. 1. Confusing Customer Requirements with Product Requirements Many product teams look to the marketing function or sales or the customer to define the product to be built. If you’re building a custom product, or doing contract product development work, then letting your marketing or sales organization define your product may be fine. However, if you’re trying to build an innovative product that will meet the needs of a wide range of customers, then this approach will rarely produce the product you want. The logic goes that the marketing organization communicates with the sales organization and the customers, and hence they are in the best position to know what product is required. However, there are several reasons why few good products are created this way. First, customers don’t necessarily know what they want. Not because they aren’t smart, but because it is very difficult to proscribe a specific solution and predict its effectiveness without actually building it, or at least building a prototype.

© 2005

Similar Documents

Premium Essay

Application Exercise

...2278-4721, Vol. 2, Issue 4 (February 2013), Pp 19-24 Www.Researchinventy.Com Review Paper On “Poka Yoke: The Revolutionary Idea In Total Productive Management” 1, 1, Mr. Parikshit S. Patil, 2,Mr. Sangappa P. Parit, 3,Mr. Y.N. Burali Final Year U.G. Students, Mechanical Engg. Department,Rajarambapu Institute of Technology Islampur (Sangli),Shivaji University, Kolhapur (India) 2, P.G. Student, Electronics Engg. Department, Rajarambapu Institute of Technology Islampur (Sangli), Shivaji University, Kolhapur (India) Abstract: Poka-yoke is a concept in total quality management which is related to restricting errors at source itself. It deals with "fail-safing" or "mistake-proofing". A poka-yoke is any idea generation or mechanism development in a total productive management process that helps operator to avoid (yokeru) mistakes (poka). The concept was generated, and developed by Shigeo Shingo for the Toyota Production System. Keywords— Mistake-proofing, Total quality management, Total productive management. I INTRODUCTION In today’s competitive world any organisation has to manufacture high quality, defect free products at optimum cost. The new culture of total quality management, total productive management in the manufacturing as well as service sector gave birth to new ways to improve quality of products. By using various tools of TQM like KAIZEN, 6 sigma, JIT, JIDCO, POKA YOKE, FMS etc. organisation is intended to develop quality culture.[2,6] The paper...

Words: 3149 - Pages: 13

Premium Essay

Composite Risk Management

...CRM In order for a company to be successful it must establish a positive relationship with its customers. Customer relationship management (CRM) involves building lasting relationships with internal customers as well as external customers. If a company fails at CRM they risk losing their customers to their competitors. CRM involves the tracking of customers and potential customers called prospects. ("What is CRM? | PCMag.com", 2013., p. 1) Managers whom are involved in CRM are generally looking at several different concepts such as Opportunity tracking, Prospects/Lead Generation, Email Integration, Automated Workflow, Collaboration and Reporting. ("What is CRM? | PCMag.com", 2013., p. 1) Opportunity tracking involves the manager knowing what deals the sales team may be working on. ("What is CRM? | PCMag.com", 2013., p. 1) This gives the manager leverage when trying to please customers and attract new ones. Prospects/Lead Generation involves managers being aware of any new customers that may need or want their products and / or services. ("What is CRM? | PCMag.com", 2013., p. 1) When a manager attracts a prospective customer and they buy into a product or service, the prospective customer changes to a regular customer. At this point the relationship changes towards maintaining that relationship by keeping that customer happy. ("What is CRM? | PCMag.com", 2013., p. 1) Email Integration involves creating open means of communication such as a Microsoft Exchange server or a cloud-based...

Words: 2165 - Pages: 9

Premium Essay

Error Management

...ERROR MANAGEMENT Error Management Cassandra Galarneau June 1, 2013 BCOM/275 Morris Polston Abstract When faced with having to manage errors, an immediate and organized response is of the utmost importance. Following company protocols will aid in controlling and rectifying the situation at hand. Communicating the facts surrounding the incident will provide the needed assistance in managing the issue, decreasing down-time and maintaining safety. Utilization of safety protocols will protect the employees involved and reduce the risk to outside vendors and the general public. My actions and reactions to this problem can have a positive or negative impact on the final outcome. Error Management As a plant manager that has just learned a mistake has been made in the release of quarantined products, it is my responsibility to act in a professional, responsible and communicative manner. My decisions must be timely, expeditious and intuitive. “Being decisive in a crisis can mean the difference between success and failure” (Claiborne, 2011). I must take into consideration such issues as: Why did this happen? How did it transpire? When did it occur? What must be changed to ensure this will not happen in the future? How can this situation be controlled so our company does not lose the clients’ respect and trust? A situation such as this can make or break my future with this company. I will base my decisions and actions on what is best for the company, the safety...

Words: 854 - Pages: 4

Premium Essay

Gscm 588 Final Exam

...indicators of the strategy. Firms monitor nonfinancial measures to understand whether they are building or destroying their capabilities—with customers, processes, employees, and systems—for future growth and profitability. Key nonfinancial measures are leading indicators of financial performance, in the sense that improvements in these indicators should lead to better financial performance in the future, while decreases in the nonfinancial indicators (such as customer satisfaction and loyalty, process quality, and employee motivation) generally predict decreased future financial performance 2.-Internal Operational Efficiency Time spent with focus groups to learn about knowledgeable customer preferences, product development lead time, peer review of new products in product development pipeline, number of new models or features introduced each year 3.-Customer perspectives of performance, and Examples include skills sets, employee relations and satisfaction, and staff competences. 4.-Innovation & Learning...

Words: 1963 - Pages: 8

Premium Essay

Quality

... Introduction v Chapter 1: The Role of Leadership 3 What is Quality Management 3 Senior Management roles and responsibilities 3 Chapter 2: General Quality Strategies and Tools 5 Establishing Customers Expectations 5 Designing Quality In 5 Defining Metrics 5 Mistake proofing 5 Kaizen 5 Six Sigma 6 Chapter 3: Quality Tactics and the Logistics and Supply Chain Functions 7 Index 7 Introduction In the late 13th century craftsmen organized into guilds. The factory system started in Great Britain in the mid-1750s, which turned into the Industrial Revolution in the early 1800s. Manufacturers began to include quality processes in practices in the early 20th century. After World War II quality became very important of the war effort. While bullets were being manufactured in one state and rifles made in another the military decided to start sampling techniques for inspection such a Walter Shewhart’s statistical process control techniques. After World War II the Japanese welcomed the input of Americans. Instead of focusing on inspection they tried to improve organizational process through the people who used them. As a direct response the United State developed total quality. Japan’s high quality competition broadsided the US industrial sectors like automobiles and electronics in the 1970s. The US approached and embraced the entire organization and became known as total quality management (TQM). TQM has faded in the 20th century in the United States however it...

Words: 1698 - Pages: 7

Premium Essay

System Proposal

...5, 2015 Jayson Sayers Inventory Management System Proposal The new system proposal that will be introduced to Riorden manufacturing is an inventory management system. An inventory management system is used to control inventory for the products that are sold to the customers and the supplies that are used to help serve the customers. This new system will avoid mistakes as the inventory system will eliminate the need of manual inventory control and manual ordering of the products and supplies. This inventory management system will help the growth of the company by increasing the inventory to accommodate for the customers’ needs as outage of products and supplies will be eliminated and over the limits of products and supplies that are not needed will not be wasted if expired or never used. The process that is currently used at Riorden manufacturing will be changed as less time will be needed to receive products or supplies which means productive payroll will not be wasted and cause overages in the payroll each week. As of now Riorden manufacturing has been overspending on staffing and having under production that is not meeting payroll budget. Riorden manufacturing has been completing all inventory practices manually or by hand. Receiving products and supplies are counted and kept track by an outdated method of hand written record. As Riorden manufacturing gain customers with excellent service mistakes will be made as products and supplies are forgotten to be taken...

Words: 799 - Pages: 4

Premium Essay

Brand Space

...The Concept of Brand Space Introduction Brand management faces an inconsistent challenge for executives who must wrestle a course between constancy and change; fostering the brand as it develops over time, and maintaining its up-date and carrying on its relevance, but safeguarding its core connotations. If branding is regarded as sharing significance of the intangible benefit of the company, brand managers therefore must select development opportunities to improve brand equity whereas expanding its meanings while preserving its ‘semiotic, cultural, and representative value’. Brand extensions answer this duty. Success of brand extensions was broadly attributed to the authenticity between the parent brand and the extension, authenticity that should maintain brand sets and mode, respect its heritage, save its spirit, and avoid brand misuse (Spiggle et al, 2012). In addition, because business environment is in perpetual change and converted into more global, local and even regional brands should face same evolution, thereof, the approach in managing brands should be more holistic, and the future of brands management should move toward a multidimensional view (Uggla, 2013). The failure in brands extension, the global environmental change, and the increasing markets competition and transformation were the main reasons that drive Berthon, Holbrocok, and Hulbert (2003) to expose some major mistakes committed by companies in managing their brands, and to develop a framework...

Words: 1557 - Pages: 7

Premium Essay

Gm Case

...bankruptcy in 2009. The company financial reports were showing a decreasing trend since 2005. The case study has discussed the root causes, issues and their implication on the future of GM. Also suggestions are given and we will also add some more to it. Root causes: 1) The biggest mistake was that GM stopped the EV1 electric car program. Toyota came forward with that and took the lead in the form of hybrid car (Prius). 2) Another mistake was the selling control of general motors Acceptance Corporation which was the financial strength of GM. 3) GM Over reacted to the truck boom. They diverted money and time to production of SUV’s (sports utility vehicles) 4) According to some experts the initial mistake was not filing the bankruptcy sooner. 1) GM management was unable to access adverse economic environment. US economy was going through recession. 2) GM financial discipline was weak. The directors were unaware of financial regulations and Further GM was having very unregulated credit system. 3) Raw material prices were high. 4) GM was very rigid to change. It had no innovative plans for the products. 5) GM spends more on employee’s benefits. 6) GM produces bulk of products regardless of market needs. That’s because they lack proper research and development. 7) GM was in its declining stage and it is very challenging to survive at this stage. Issues/ problems: 1) GM was unable to pay to its debt holders. GM...

Words: 673 - Pages: 3

Premium Essay

John Wooden's Video Analysis

...The topic presented by John Wooden in the video shown is related to success, and how one may potentially achieve. The issue presented can be linked to the chapter because success within an organization will depend greatly on the quality of the services or products and how the manufacturing of a product can be completed to achieve the highest level of quality. John Wooden states that in his time as an educator he has experienced numerous occasions where parents were upset that their child was not above average. Parent argued that it would be impossible for him or her to have received a grade lower than an A parent felt that their child was competent to score higher than an A. This is puzzling because they feel as though all students to be receiving...

Words: 402 - Pages: 2

Premium Essay

Mydin Analysis

...(CSSR 2010), December 5 - 7, 2010, Kuala Lumpur, Malaysia 2010 CSSR 2010 Final Submission Learning from Kmart’s Mistakes: New Improvements on Mydin Hypermarket’s Business Strategies Normah Binti Omar, Zuraidah Mohd Sanusi, Norilmiah Abdul Aziz and Nor Ashikin Ismail Accounting Research Institute & Faculty of Accountancy, Universiti Teknologi MARA, Malaysia Abstract— In Malaysia, the hypermarket business is an extremely competitive venture. Beside the high amount of capital that one needs to invest in, the business also exposes new players to global and well– structured competitors such as Giant, Carrefour and Tesco, to name a few. The current paper explores and describes the experiences of one Malaysian player, the Mydin Hypermarket in its quest to champion the local consumer market. A 2003 publication of a US bestseller entitled KMart’s Ten Deadly Sins had a tremendous impact on the business strategy and future direction of the Mydin business in this country. Originally built in the 1990s to emulate the then highly successful K-Mart Superstore in the United States, the Mydin Business had to immediately change its business strategic direction. Premised on interviews, site visits, observation and document analysis, this article provides a qualitative narration and a discussion on the various counter strategies undertaken by the management of Mydin Hypermarket in order to avoid having to face the same fate as KMart Superstore. Today, the Mydin Hypermarket...

Words: 3963 - Pages: 16

Premium Essay

Learning from Kmart's Mistakes: New Improvements on Mydin Hypermarket's Business Strategies

...Research (CSSR 2010), December 5 - 7, 2010, Kuala Lumpur, Malaysia 2010 CSSR 2010 Final Submission Learning from Kmart’s Mistakes: New Improvements on Mydin Hypermarket’s Business Strategies Normah Binti Omar, Zuraidah Mohd Sanusi, Norilmiah Abdul Aziz and Nor Ashikin Ismail Accounting Research Institute & Faculty of Accountancy, Universiti Teknologi MARA, Malaysia Abstract— In Malaysia, the hypermarket business is an extremely competitive venture. Beside the high amount of capital that one needs to invest in, the business also exposes new players to global and well– structured competitors such as Giant, Carrefour and Tesco, to name a few. The current paper explores and describes the experiences of one Malaysian player, the Mydin Hypermarket in its quest to champion the local consumer market. A 2003 publication of a US bestseller entitled KMart’s Ten Deadly Sins had a tremendous impact on the business strategy and future direction of the Mydin business in this country. Originally built in the 1990s to emulate the then highly successful K-Mart Superstore in the United States, the Mydin Business had to immediately change its business strategic direction. Premised on interviews, site visits, observation and document analysis, this article provides a qualitative narration and a discussion on the various counter strategies undertaken by the management of Mydin Hypermarket in order to avoid having to face the same fate as KMart Superstore. Today, the Mydin Hypermarket understands...

Words: 3963 - Pages: 16

Premium Essay

Stories of Change

...Change Management: HP, IBM, Kodak and McDonald’s Suki HRM 560 20 Jul 2015 Dr. Beck . Introduction No matter what company it is there will always be change. Change can be good and change can be bad, but change is always going to be. An example of good change, I went into Starbucks this morning (a new one not too long built close to my home it used to be a Checkers). When I would frequent the Starbucks I would go thru the drive thru. This morning I went inside and talk about “Change.” Anyone would not believe that place was once a Checker’s restaurant. This is called ‘good’ change it is so beautiful and inviting inside. I say this to say, change is inevitable no matter how we look at it. Although there is organizational change, not always does the change we hope for work for everyone or no one at all. Stories of Organizational Change: In the book Leading Change (Kotter 2012) he indicates in his model the importance of communication and how without it what can and will go wrong. Different interests need to be recognized and addressed during an organizational change. Change need appropriately placed champions to gain support throughout the organization. Change involves risk and uncertainty and change in and of itself is not necessarily good for a company; careful assessment is needed of the relevance and likely success of a proposed change. (Palmer, Dunford & Akin, 2009) Starting with Hewlett Packard former CEO Carly Fiorina made a huge mistake is when...

Words: 1338 - Pages: 6

Free Essay

Crisis Management

...notoriety. The best thing a company should have is a plan of action prepared in an advance, a crisis management plan. The Triad Group apparently did not have a crisis management plan in place as the problems started to sneak up, the company felt pressured and fell apart. According to Rick Amme, who heads the crisis and media relations firm Amme & Associates, Inc., there are five stages of scandal. The Triad Group went through all five stages until the United States Marshals, arrived at the door to seize the products and shut them down (Amme, 2004). Could have The Triad Group avoided such a big scandal? Maybe not as the problems had started awhile back but what if the company had followed protocols. The first stage was no comment. Throughout the recalls and seizing of the products the Triad executives and spokesperson would decline to comment on the situation. Although the FDA (Food and Drug Administration) commented that the seizing of the products was to prevent the company from distributing any more products, Triad did not come forward. The best thing that the company could have done was to communicate throughout the crisis. Johnson and Johnson is such company after it was discovered that its Tylenol capsules had been laced with cyanide. Johnson and Johnson reacted in such an effective way that the case is now well-documented as an example of successful crisis management. Time usually plays a crucial part in the investigations but not during the crisis. Even though there...

Words: 1063 - Pages: 5

Premium Essay

Marketing

...needs for belonging and affection  individual needs for knowledge and self-expression wants: form of human needs take as shaped by culture and individual personality demands: human wants that are backed by buying power Market Offerings—Products, Services, and Experiences – – market offerings: some combination of products, services, information, or experiences offered to a market to satisfy a need or want  include products and services  includes other entities, such as people, places, organizations, information, and ideas marketing myopia: mistake of paying more attention to the specific products a company offers than to the benefits and experiences produced by these products  failure by management to properly define their business in terms of customers’ needs and wants  the tendency of management to view its business too narrowly by focusing on the product it produces  they are so taken by the mistake of paying more attention to the specific products they offer than to the benefits and experiences produced by these products  they forget that a product is only a tool to solve a consumer problem Exchange – act of obtaining desired object from someone by offering something in return Market – the set of all actual...

Words: 582 - Pages: 3

Free Essay

Procurement

...purchasing and supply topics for research proposal Quality Management Quality Management. Search for White Papers and Other Software Related to Quality Management. In today’s global market, providing quality products and services is essential for any manufacturer’s continued growth—but maintaining a competitive edge is not always easy. For success, quality awareness must begin at the conception of the product and continue throughout the various stages of its development. To improve in this area, many manufacturers are now adopting the total quality management (TQM) approach. CASH MANAGEMENT RESEARCH PROPOSAL SAMPLES: Quality Management Quality Management Source: 3i Infotech Document Type: White Paper Description: In today’s global market, providing quality products and services is essential for any manufacturer’s continued growth—but maintaining a competitive edge is not always easy. For success, quality awareness must begin at the conception of the product and continue throughout the various stages of its development. To improve in this area, many manufacturers are now adopting the total quality management  7/3/2007 1:15:00 PM Alfanar HR Management Alfanar IT, an information technology company operating in Saudi Arabia since 1995, introduces the alfanar human resources (HR) Management module for Microsoft Dynamics AX. This module enables the HR department staff, without any programming capability, to identify, capture, maintain, and adjust employee information required...

Words: 1692 - Pages: 7