Data-driven decisions are impossible 🤪, Standing out in crowded markets 🚀, Pillars of product strategy ⚡️
What should you read this week. Weekly Recap 🔁
👋 Hey, Sam here! Welcome to the first weekly edition of The Product Trench. Each week, I recap 3 to 5 interesting articles and stories related to product and leadership, in addition to my original monthly practical tips and stories on eclectic topics.
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Here are 4 of my favourite articles and podcasts this week. Let’s jump straight into it.
Why data-driven product decisions are hard (sometimes impossible)
ARTICLE | Andrew Chen | 9 min read
Andrew Chen explores the challenges of adopting a truly data-driven approach. He highlights the distinction between being "data-informed" and "data-driven," emphasizing that data should support, not dictate, strategic decisions. The article points out the systematic biases in data collection and the limitations of relying solely on data for decision-making. Chen argues for a balanced approach where data is used to validate and refine a broader vision rather than narrowly focusing on optimization metrics.
Delegating gets easier when you get better at explaining your ideas
ARTICLE | Wes Kao | 12 min read
In this article, Wes Kao explains the art of delegation and effective team communication. She highlights that successful delegation requires clear instructions and an understanding of team members' strengths. Wes also highlights the importance of providing context and rationale behind tasks to ensure alignment and motivation. This post is a valuable guide for product managers looking to enhance their leadership and team management skills.
Be fundamentally different, not incrementally better | Jag Duggal (Nubank)
PODCAST | Lenny Rachitsky | 95 min listen
Lenny interviews Nubank's Chief Product Officer, Jag Duggal. In this podcast, Jag Dugal emphasizes the need for companies to differentiate themselves in crowded markets by being fundamentally different rather than incrementally better. He shares insights on innovation, strategic thinking, and the importance of a unique value proposition in standing out and driving long-term success.
Navigating the four pillars of product strategy
LINKEDIN | Stephanie Leue | 2 min read
In this LinkedIn post, Stephanie summarizes the four pillars of product strategy and the importance of balancing them with business goals and needs.
👋 That's it for today! Thank you for reading, and enjoy your week! See you next time.
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