Paweł Huryn Profile picture
Nov 12 10 tweets 4 min read
Strategic frameworks can 10x your business.

It's almost like thinking on steroids!

Top 6 strategic frameworks every entrepreneur needs to know to be successful: 🧵

#productmanagement #prodmgmt
1. SWOT Analysis

SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis is a framework used to evaluate a company's competitive position.

That's an essential tool for thinking about the business.

Learn in 6:27:
2. PESTEL Analysis

PESTEL analysis is commonly used to evaluate the business environment in which a company operates.

The acronym stands for Political, Economic, Social, Technological, Environmental, and Legal factors.

Learn in 9:49:
3. Porter’s Five Forces

Porter's Five Forces is a model that identifies and analyzes five competitive forces:

- Rivalry among existing competitors
- Threat of new entrants
- Threat of substitutes
- Power of buyers
- Power of suppliers

Learn in 8:13:
4. Value Chain Analysis

An analytical framework that assists in identifying business activities that can create value and competitive advantage.

A unique Value Chain is one of the 5 elements of strategy, as defined by Porter.

Learn in 13:15:
5. Ansoff Matrix

The Ansoff Matrix often called the Product/Market Expansion Grid, is a 2x2 framework used to help plan and evaluate growth initiatives.

Learn in 13:50:
6. McKinsey 7S Framework

It illustrates how seven elements of businesses can be aligned to increase effectiveness.

It works well with Porter's Fit test.

Learn in 10:41: lnkd.in/d_vyg3JW
You can watch those videos in one hour (1:02:15).

Each framework will help you ask better questions and look at problems from different perspectives.
That's a wrap!

You can learn more about recommended books, videos, podcasts, free PM courses, frameworks, and more from my free article: open.substack.com/pub/huryn/p/th…
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More from @HurynPawel

Nov 12
21 products for super easy Product Management:

1. Collaboration > Miro
2. Communication > Slack
3. Tasks > Trello
4. Product analytics > @pendoio
5. New tech products > @ProductHunt
6. Integrations > @zapier
7. Industry insights > @stratechery🧵

#prodmgmt #productmanagement
8. Graphics > @canva
9. Prototyping > @balsamiq
10. Design > @figma
11. Mind mapping > @xmind
12. Free, responsive website > carrd.co
13. Video recording > @loom
14. Meeting scheduling > @Calendly
15. Payments integration > @stripe
16. Flowcharts & diagrams > @LucidSoftware
17. User Story Maps > @CreateWithCraft
18. Roadmaps > @productboard
19. Build SaaS products without code > @bubble
20. Sell digital products online > @Gumtree
21. Sell courses online > @Kajabi
Read 4 tweets
Nov 11
Listening to podcasts can transform your PM career.

Problem: There are more than 850,000 of them.

Solution: Top 11 PM podcasts you'd be crazy to miss: 🧵

#productmanagement #prodmgmt
1. Lenny's Podcast @lennysan

Probably the best product podcast on this planet.
The true king of podcasts.

More: lennyspodcast.com

You can't miss an episode with @cagan:
lennyspodcast.com/the-nature-of-…
2. This Is Product Management by @feedbackloopcom

This is a must-listen for anyone involved in creating, designing, selling, and managing products or services.

Apple: podcasts.apple.com/us/podcast/thi…

Spotify: open.spotify.com/show/5qoM5evv8…
Read 14 tweets
Nov 10
Lock yourself in a room and read those 12 books on PM

(you'll thank me later; Nov 2022): 🧵

#productmanagement #prodmgmt
1. Inspired by @cagan

Lessons:

• Most of your ideas are not going to work
• Principles of product discovery, which results in a validated product backlog

amzn.to/3thC9QE
2. Empowered by @cagan

Lessons:

• Set goals and hold teams accountable for the outcomes
• Your role as a leader is to help everyone on the team achieve competence

amzn.to/3ht73ml
Read 16 tweets
Nov 8
I've read 6 books on product leadership and setting goals.

Top 6 secrets every product leader needs to know about: 🧵

#productmgmt #prodmgmt
1. Give teams problems to solve, not tasks to do

Set goals and let the team discover how to best achieve them. Hold them accountable only for the outcomes.

In the case of OKRs, ask your teams to propose KRs. This will build a stronger commitment and a sense of ownership.
2. Show trust instead of exercising control

This may seem difficult at first. As a rule of thumb, you should delegate and trust more than you feel comfortable with.

Make sure you provide people with context to enable better, informed decisions.
Read 10 tweets
Nov 7
A few controversial things I believe about PM and growth:

1) Customer outcomes over business metrics

Pursuing only business results is a silly goal.

Because users are too often forgotten.

Customer outcomes are a better pursuit in the long term: 🧵
• Delighted customers impact your business > $$$
• Happy customers stay with you longer > lower churn
• They can't stop talking about the product they love > growth

Start with your customers and "work backwards."

More: lnkd.in/dUTraQCg
2) Select only one OKR

Contrary to popular belief, OKRs are not "the most important" tasks.

Their goal is to create focus on what's not urgent yet critical for the long-term growth of the business (strategy). You should select only one OKR. You can sequence them if needed.
Read 12 tweets
Nov 6
Are you using Lean Startup, Agile, or Product Discovery?

Be careful. If you cherry-pick, you can spectacularly fail.

Why is this the case? And how to avoid it?🧵

#productmanagement #prodmgmt #agile #scrum
1. Lean Startup

Take the MVP test results as proof and execute your plan in a waterfall style. Without regular inspection and adaptation, your plan will fall apart like a house of cards.

Shot to the moon.
2. Agile

Pick an Agile framework like Scrum. Start without validating your business model. Came up with ideas and deliver them in iterations.

Most ideas are not going to work. And your product probably never had a chance to achieve the Product-Market fit.

Gambling and waste.
Read 14 tweets

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