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Update 2024-08-01-good-product-strategy.md
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_posts/2024-08-01-good-product-strategy.md

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@@ -12,7 +12,7 @@ It felt like strategies should have some consistent qualities. If we get those r
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So, I spent some time researching.
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This post covers:
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This post covers
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- What a strategy is
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- Why it’s important
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- What to avoid
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### What makes a bad strategy?
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Sometimes, it’s easier to start with what a strategy *isn’t*:
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- **It isn’t fluffy.** Some people argue that strategies aren’t supposed to be actionable, painting vague pictures that leave you unable to take action. That isn’t ideal. If it isn’t actionable, it isn’t meaningful.
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- **It isn’t financial metrics.** Simply telling your teams to "increase revenue" isn’t a strategy; it’s a way to measure success. Instead, targeting X segment with Y value to achieve Z revenue—that’s a much better approach.
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- **It isn’t how your teams collaborate.** Explaining how teams work together isn’t strategy—it’s more about topology. Team topologies define the purpose and relationships of teams. They’re important, but don’t mistake them for strategy.
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- **It isn’t fluffy.** Some people argue that strategies aren’t supposed to be actionable, painting vague pictures that leave you unable to take action. That isn’t ideal. If it isn’t actionable, it isn’t meaningful
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- **It isn’t financial metrics.** Simply telling your teams to "increase revenue" isn’t a strategy; it’s a way to measure success. Instead, targeting X segment with Y value to achieve Z revenue—that’s a much better approach
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- **It isn’t how your teams collaborate.** Explaining how teams work together isn’t strategy—it’s more about topology. Team topologies define the purpose and relationships of teams. They’re important, but don’t mistake them for strategy
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If you’re into team topologies, check out this excellent post by [Martin Fowler](https://martinfowler.com/bliki/TeamTopologies.html). It’s a fantastic read.
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@@ -52,10 +52,10 @@ Also, this [Marty Cagan piece on product strategy](https://www.svpg.com/product-
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So, what makes a good strategy?
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1. **It identifies a series of problems or opportunities.**
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2. **It’s written in the order you’ll tackle them.**
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3. **Each problem/opportunity has a diagnosis.** Breaking things down a little goes a long way.
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4. **It includes a series of actions for teams to enact.**
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1. **It identifies a series of problems or opportunities**
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2. **It’s written in the order you’ll tackle them**
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3. **Each problem/opportunity has a diagnosis**. Breaking things down a little goes a long way
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4. **It includes a series of actions for teams to enact**
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Additionally, a good strategy should:
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- Be in plain English

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