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Product Management

Treating Product Teams As Investments

Discover how to structure product teams like investments for strategic growth.

András Juhász
Aug 09, 2022 • 7 min read
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Summary

This article explores the complexities of structuring product development teams within a company. It discusses various frameworks and strategies akin to investment approaches, focusing on balancing short-term and long-term priorities. The piece highlights the importance of empowered teams and leadership vision in aligning team structures with business goals. Readers are encouraged to view product teams as investments, adapting to changing market conditions for sustained innovation and success.

Takeaways

  • Balancing short-term high-risk and long-term low-risk initiatives is crucial for sustained business growth.
  • Empowered product teams require clear leadership vision and strategy to succeed.
  • Regular evaluation and adaptation of team structures are necessary to remain competitive and innovative.
  • Team structures should be flexible and tailored to the company's specific needs and market conditions.
  • Viewing product teams as investments can help balance innovation with maintaining existing features.
  • The same approach for structuring investments applies to structuring product teams. Long-term, short-term, and money for the food.
  • There is no perfect answer on how to scope product teams. However, the most common one is, it depends.
  • To structure an empowered product team, the company vision has to be backed by market knowledge, a list of potential customers, and a demonstrated hunger for a solution.

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