Modern Product Management and the Importance of an Outcome-based Approach
Product is integral to many organizations, and yet our recent survey with more than 600 responses reveals that a majority of PMs think that their organization is output-focused instead of outcome-focused, and that the company board doesn’t understand and value product management practice.
What's covered?
Organizations have not quite adapted to the outcome-focused movement
While most product managers understand how important it is to be more outcome-focused, their organizations are yet to follow the same mindset.
Focusing on features will restrict an organization’s success
With more than half of respondents believing that focusing on features means their organization cannot stay ahead of the competition, it’s clear that switching to an outcome-based approach is long overdue.
Many company boards don’t value product management and give it enough resources
With the practice of product management so widespread, one might think that the role of product management within an organization is highly valued. That's not necessarily always the case.
About this report
In this research, we gathered insights from 615 individuals working in product management at organizations of varying sizes. Most respondents worked in companies employing more than 1,000 people (28%), but there was also good representation in organizations with between 200 and 1,000 employees (21%) and 51 to 200 employees (23%). Around two-thirds of respondents worked in software/technology, but Financial Services (FS) and retail were well represented.