A senior PM is responsible for developing and evangelizing a strategy that leads to meaningful customer and business success.
They paint a picture of an inspiring future and figure out the best path to get there.
There are three parts to a strategy: (1) vision, (2) strategic framework, and (3) roadmap. You can get started with whichever one calls to you.
To get started with a (1) vision, sketch out a storyboard of your future customers using your future product and highlight how much better their lives are compared to the status quo.
To get started with a (2) strategic framework, write down your target market, their pain points, and the strategic bets or differentiators that you believe will win that market. Write down some alternative approaches and lay out your frameworks for why you believe you're right.
To get started with the (3) roadmap, write down a rough plan for the next few year’s worth of work, ideally grouped into strategic themes. Once you have the roadmap, imagine someone asking "why?" about each part of it.
Your strategy doesn’t have to be perfect! Your plan will change as you learn new information, but starting with a strategy helps you make better moves now. Block off the time to create a strategy now!
2/ Autonomy
Senior PMs are able to run a team independently.
Great senior PMs ask for lots of input and advice, but they could keep their team running, work with stakeholders, resolve conflicts, and ship successful products without needing their manager to guide them.
Autonomy isn’t just about being capable, it’s also about earning the trust to be allowed to work independently. That takes proactive communication and building a track record of successful launches.
Ironically, if you have a high level of autonomy it can be harder to earn trust. When you’re working independently, your manager won’t see all of the great decisions you make and the tough challenges you overcome. You’ll need to intentionally share your work with your manager.
Here's a template:
1. Hi manager, let me tell you about a challenge I ran into ______
2. Here’s how I’m thinking of handling it (or did handle it) ______
3. Any thoughts?
3/ Nuance
The more senior you get, the more you’ll be faced with decisions where the right answer is “it depends.”
Senior PMs recognize these decisions and reason through them in a structured way. They can grapple with complex tradeoffs and ambiguous situations.
As you work on developing your nuanced thinking, the best guides are your teammates and stakeholders. Take their concerns seriously and look for the hidden complexity. What are the circumstances in which they’d be right? What information might they have you don't have?
To practice this skill, when you make a decision, find nuances where a different decision would be better. Write out, “It depends. If X, then A is the best choice. If Y, then B is the best choice. I think this situation is X, so A.”
By working on strategy, autonomy, and nuance, you can level up your skills, expand your impact, and hopefully get promoted to senior PM!
1/ First, make sure you *should* be investing in virality. Virality is a natural fit for your product if:
• Your product is better with friends or colleagues (e.g. Snapchat, Slack)
• The product is innately fun or rewarding to share (e.g. travel photos, homes for sale)
2/ What is “virality”, anyway?
Virality is simply growth that stems from your existing users. Each user brings in on average more than one additional user (directly or indirectly) and thus creates exponential growth.
The most sophisticated growth team no one talks about: @WishShopping 1. The #1 shopping app in 40+ countries 2. Rumored to often be the #1 spender on FB and Google 3. 2 million items sold daily
I sat down with @cplimon to learn about the notoriously secretive company. Read on 👇
1/ Your brand constraint is Wish's opportunity
Wish's superpower is leaving no room for taste or opinion. It's what happens when a machine builds a company based on data. The founder didn't plan to sell cheap goods to low-socioeconomic customers, but where the data took him.
"Until you work at a place like Wish, you don't know what data-driven is. Everyone else is data-driven when it's convenient, when it agrees with your opinions. Wish is great at ignoring their own emotions. It's data-driven with as much intellectual honesty as possible."
1/ What is "Positioning"?
Positioning defines how your product is a leader at delivering something that a well-defined set of customers cares a lot about.
2/ Put another way, positioning is like context-setting for products. It’s a bit like the opening scene of a movie. The opening scene gets us oriented. It answers the big questions: Where are we? What year is this? What’s happening? How should I feel? Who are these people?
1/ As a startup, it's essential that you, and your team, have a clear understanding of how your business is likely to grow. We call this building a Growth Model. With this, you'll know which growth investments to make right away, which to avoid, and which to double-down on.
2/ Our advice is to think about your business like a high-performance race car. The same four components that help a car drive faster also help your business grow: