Dr. Simon Lichte

What It Means to Manage a Product

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If you are interested in Product Management but have no prior experience with it, the first thing you will want to know is: What does it mean to manage a product? In this blog post, we will first define what a product is before we dissect this comprehensive discipline into its major constituents Software Engineering, … Read more

Misconceptions About Innovation and Product Management

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While both Innovation and Product Management share many similarities such as experimentation and the ability to make decisions based on data, there are also key differences that justify establishing the role of an Innovation Manager in a product-driven organization. In this post, you will see that Innovation Management requires a higher degree of experimentation, comes … Read more

Learning Product Management By Example: Stock Investing With SuperStockApp

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Telling you how to manage a product is good, but illustrating this for you using practical examples is way better: SuperStockApp, Inc. is the company that created SuperStockApp, an app that is supposed to make stock investing as easy as possible. If you do not have any background in stock investing, this post explains two … Read more

Is a Tool a Product and Does it Need a PM?

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Products are value propositions that solve relevant customer problems at a profit, whereas tools improve the efficiency of operational processes that may be required to operate the product. This does not make a tool less important than the product itself, even though without the product there would be no need for the tool. Unlike a … Read more

Product and Operations: The Love-Hate Relationship and How to Make it Work in Your Organization

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Product Managers (PMs) often struggle with maintaining operational processes and wish they had more time for what they love most, the core product, and companies also benefit from PMs who can dedicate themselves fully to further evolving the company’s value proposition, securing future revenue streams. On the contrary, a product that can only be operated … Read more