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  • Should I use the Opportunity Canvas, Lean Canvas, or Business Model Canvas?
  • What about the Product Vision Board or the Product Strategy Canvas that everyone talks about?
  • How do all these fit into the GLEE framework from Gibson Biddle?
  • Or should I go more traditional and go with the 3 Horizons framework?
Product Management Meme | Product Strategy | Product Roadmap | Product Strategy Frameworks | Product Vision and Strategy | Developing a Product Strategy | Building a Successful Product | Strategic Mindsets for Product Managers | Product Strategy Templates | Product Roadmap Planning | Agile Product Strategy | Roadmapping Tools for Products | Roadmapping Tools for Products |Creating a Product Roadmap | Agile Product Roadmapping Product Roadmap Best Practices
Image Source: Tenor
Product Management Meme | Product Strategy | Product Roadmap | Product Strategy Frameworks | Product Vision and Strategy | Developing a Product Strategy | Building a Successful Product | Strategic Mindsets for Product Managers | Product Strategy Templates | Product Roadmap Planning | Agile Product Strategy | Roadmapping Tools for Products | Roadmapping Tools for Products |Creating a Product Roadmap | Agile Product Roadmapping Product Roadmap Best Practices
  1. Profits mindset: “Aim to make long-term, above-industry profits”
  2. Powers mindset: “Create multiple defensible powers for your product”
  3. Positive-Sum mindset: “Expand the market through positive-sum competition”
Product Management Meme | Product Strategy | Product Roadmap | Product Strategy Frameworks | Product Vision and Strategy | Developing a Product Strategy | Building a Successful Product | Strategic Mindsets for Product Managers | Product Strategy Templates | Product Roadmap Planning | Agile Product Strategy | Roadmapping Tools for Products | Roadmapping Tools for Products |Creating a Product Roadmap | Agile Product Roadmapping Product Roadmap Best Practices
Image source: Counterpoint Market Research
Product Management Meme | Product Strategy | Product Roadmap | Product Strategy Frameworks | Product Vision and Strategy | Developing a Product Strategy | Building a Successful Product | Strategic Mindsets for Product Managers | Product Strategy Templates | Product Roadmap Planning | Agile Product Strategy | Roadmapping Tools for Products | Roadmapping Tools for Products |Creating a Product Roadmap | Agile Product Roadmapping Product Roadmap Best Practices
What’s the product strategy you deduce from this simple balance sheet?
  1. Network Effects: Network effects refer to where the value of a product or service increases as more people use it. A classic example of a business with strong network effects is TikTok, which became more valuable to users as more people joined the platform. Other examples include online marketplaces like Facebook, eBay and Uber.
  2. Scale Economies: Scale economies refer to the cost advantages a business gains as it increases production or output. Costco is a great example of a company that has leveraged scale economies to create a defensible business model. Costco’s moat comes from its direct-to-consumer wholesale model. Through their large membership base, they are able to negotiate lower prices for their customers and win over their competitors.
  3. Switching Costs: Switching costs refer to the costs that a customer incurs when they switch from one product to another. Microsoft, for example, has made it difficult for enterprise companies to switch to Google Docs by creating a defensible position with its Microsoft Office products.
  4. Branding: Branding refers to creating a strong identity or reputation for a product. Apple is a company that has demonstrated strong branding power with its focus on high-quality products with a simple user experience. This has allowed Apple to charge premium prices and maintain a loyal customer base.
  5. Cornered Resources: Cornered resources refer to the ownership or control of a critical resource that is difficult for competitors to replicate. Google is a company that has leveraged its power of search algorithms to create a defensible business model. Even though ChatGPT is an emerging threat, Google still owns 95% of the Search market.
  6. Process Power: Process power refers to the ability of a company to create efficient and effective processes that are difficult for competitors to replicate. A good example of process power is Tesla’s Gigafactories. These factors have allowed the company to produce affordable, high-quality electric vehicles faster than its competitors.
  7. Culture: Culture refers to the norms, values, and beliefs that shape the behaviour of individuals within an organisation. Companies like Airbnb have fostered a culture of community and belonging. They created a platform where travellers can connect with local hosts and experience a destination like a local. This strategy has allowed Airbnb to differentiate itself from competitors in the crowded online travel space and build a loyal customer base.
  • What powers do you want to launch with?
  • What powers do you want to create as you grow?
  • What powers do you want to create as you hit maturity?
  • And what moats do you want to create as you hit the decline phase?
Product Management Meme | Product Strategy | Product Roadmap | Product Strategy Frameworks | Product Vision and Strategy | Developing a Product Strategy | Building a Successful Product | Strategic Mindsets for Product Managers | Product Strategy Templates | Product Roadmap Planning | Agile Product Strategy | Roadmapping Tools for Products | Roadmapping Tools for Products |Creating a Product Roadmap | Agile Product Roadmapping Product Roadmap Best Practices
You can create multiple layers of defensibility by stacking powers across the product lifecycle
Product Management Meme | Product Strategy | Product Roadmap | Product Strategy Frameworks | Product Vision and Strategy | Developing a Product Strategy | Building a Successful Product | Strategic Mindsets for Product Managers | Product Strategy Templates | Product Roadmap Planning | Agile Product Strategy | Roadmapping Tools for Products | Roadmapping Tools for Products |Creating a Product Roadmap | Agile Product Roadmapping Product Roadmap Best Practices
In business, don’t compete in zero-sum games
Product Management Meme | Product Strategy | Product Roadmap | Product Strategy Frameworks | Product Vision and Strategy | Developing a Product Strategy | Building a Successful Product | Strategic Mindsets for Product Managers | Product Strategy Templates | Product Roadmap Planning | Agile Product Strategy | Roadmapping Tools for Products | Roadmapping Tools for Products |Creating a Product Roadmap | Agile Product Roadmapping Product Roadmap Best Practices
Source: https://ourworldindata.org/economic-growth
Product Management Meme | Product Strategy | Product Roadmap | Product Strategy Frameworks | Product Vision and Strategy | Developing a Product Strategy | Building a Successful Product | Strategic Mindsets for Product Managers | Product Strategy Templates | Product Roadmap Planning | Agile Product Strategy | Roadmapping Tools for Products | Roadmapping Tools for Products |Creating a Product Roadmap | Agile Product Roadmapping Product Roadmap Best Practices
Win by innovating and expanding your market
  • WhatsApp solves the customer needs for simplicity and reliability of communication in emerging markets.
  • Facebook Messenger solves the problem of chatting with general friends or acquaintances.
  • Telegram solves the problem of chatting in secure public chat groups
  • Snap is all about sharing moments with your close friends
Product Management Meme | Product Strategy | Product Roadmap | Product Strategy Frameworks | Product Vision and Strategy | Developing a Product Strategy | Building a Successful Product | Strategic Mindsets for Product Managers | Product Strategy Templates | Product Roadmap Planning | Agile Product Strategy | Roadmapping Tools for Products | Roadmapping Tools for Products |Creating a Product Roadmap | Agile Product Roadmapping Product Roadmap Best Practices
  1. Profits mindset: Make long-term, above-industry profits
  2. Powers mindset: Create multiple defensible powers for your product
  3. Positive-Sum mindset: Expand the market through positive-sum competition



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