Why do 80% of product launches fail to meet their goals? Because they focus on outputs, not outcomes.
Indeed, “80%” and “fail” are daunting. This statement concludes easily more that it could induce understanding.
A product mindset empowers teams to deliver scalable solutions that align with user needs and business goals.
Just imagine you are visiting a book store, seeking personal development books.
… The attendant scours through the book store and comes back…
surprise.. surprise.. “The 7 Habits of Happy Kids”.
The attendant got you a book but not the one you were seeking. The outcome is, this store probably does not have good suggestions.
A product mindset prioritizes delivering values continuously over simply completing tasks or delivering features.
Why a product mindset is essential for scalable growth?
• Adapts to evolving user needs:
“Businesses that adapt to changing needs are more likely to retain and grow their customer base.”
• Drives long-term innovation:
“A focus on outcomes fosters innovation, as teams aim to solve real problems rather than just check off tasks.”
• Supports scalable solutions:
“By focusing on user value and feedback loops, you create solutions that scale with demand.”
Best practices for cultivating a product mindset
A. Align teams around a shared vision
Teams need clear understanding of what success looks like. Start with:
B. Embrace cross-functional collaboration.
Breaks silos between product, engineering, design, and business teams. Start with:
C. Embrace cross-functional collaboration
Output-driven teams focus on deliverables, but outcome-driven teams focus on solving problems. Start with:
D. Build feedback loops
Feedback ensures that you’re solving the right problems and improving iteratively. Start with:
E. Cultivate growth mindset in teams
A growth mindset encourages teams to view challenges as opportunities for learning. Start with:
F. Retrospect
Retrospect ensures a team communicate their successes as well as their challenges, thus, building trust. Start with: