WEBVTT

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- [Instructor] When we start a new career,

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most of us need to gain
some foundational skill sets

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before or during the
first few years of work.

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Doctors, for instance,

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go through medical school and obtain an MD

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then complete a multi-year
residency program

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to gain experience in a medical specialty.

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Afterward, they continue
their specialty training

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in a fellowship.

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This pattern is true for
many other professions:

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psychology, engineering, law, or banking.

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They begin with formal education

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then graduate to an associate position,

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and continue their growth in
training via a mentorship.

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However, product management
is a newer career path

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than medicine, law, and banking.

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As a result, there isn't
a well-defined path

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to gaining the required
skills and knowledge

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to be an effective product manager.

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There's no standard
degree or certification

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that product managers get
before they start their careers.

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The few existing boot
camps and certifications

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are aimed at helping you
land a product manager job

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and less at helping you
learn how to succeed

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as a product manager.

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Once PMs start their careers,

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traditional training falls short.

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Online resources are
scattered across the internet,

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but they're often too specific
to individual experiences

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or they try to provide
one-size-fits-all templates

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that might not be applicable
across the diversity

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of situations that PMs experience.

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And what's more,

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few companies offer structured
internship programs.

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Even when they do, internship
programs tend to be too short

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to provide adequate
exposure to the PM role.

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In three months, most interns
only begin to get the context

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around the org, the customers,
and the business model,

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and they're often assigned
projects that aren't a priority.

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Only a handful of large tech companies

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offer formal training
programs for full-time roles.

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For instance, large companies
like Google and Dropbox

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have a structured new product
manager training program.

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They provide new PMs
with dedicated mentors,

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a cohort of peers, content,

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and diverse opportunities to
build and launch features,

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from optimizing existing
features to building new features

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or contributing to larger
product development efforts.

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With this structured experience,

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new PMs quickly learned the
skills and frameworks needed

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to be effective across
a variety of projects,

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setting them on an
accelerated career trajectory.

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But these environments are
the exception to the rule.

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In reality, new PMs often
work in organizations

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with limited time and resources to invest

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in development outside the requirements

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of their role in projects.

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This is why many smaller companies

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don't hire inexperienced PMs,

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because they know they can't invest

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in developing and training them.

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Jiaona Zhang, former head
of product at Airbnb shares,

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"Airbnb didn't hire new PMs for many years

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because they knew they
couldn't train them.

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When I transferred non
PMs into product roles,

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I spent significant time
on mentoring and training.

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This made me realize how hard it is

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for new PMs to join tech companies
even as large as Airbnb."

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As a new PM, when you don't go through

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a structured and comprehensive
training program,

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it leads to three common
challenges in your career.

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First, you only learn skills

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that are relevant to your projects.

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This is problematic
because product management

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is inherently multi-dimensional.

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When your only source of
learning is previous projects,

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you might find yourself only building

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one aspect of the PM skillset

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rather than the whole,

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so when you're put in
a different situation,

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such as a different type of
project at the same company,

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or trying to move to a different company,

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you might not know how to approach it

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because you've never done it before.

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This can lead to a low-confidence spiral,

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because every time you
learn how to do something,

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your next project requires
you to start from scratch.

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For instance, imagine
you're a PM at Airbnb

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working on improving the
property search algorithm.

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To execute the feature,

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you might have to do a list
of quantitative analysis

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and work closely with an engineer

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to implement the algorithm.

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However, your next
project might require you

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to redesign Airbnb's payment flow,

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which means working closely with designers

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to build prototypes and
run usability testing.

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Your prior experience with data analysis

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won't help you execute on this project,

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so you might feel like you're
starting from ground zero.

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The second challenge that arises

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when new PMs don't get formal training

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is that it takes longer to learn

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the best practices and frameworks

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underlying effective product management.

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Often your manager and
teams are going to be busy

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and under tight timelines,

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so they'll often take
a more direct approach,

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telling you what to do
instead of teaching you.

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The onus will be on you to pattern match

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over multiple iterations

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to learn product management
best practices and frameworks.

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Continuing with the Airbnb example,

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as you're trying to learn how to work

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with designers to build prototypes,

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you might approach your manager for help.

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If they're busy with other projects,

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they might provide pointed feedback

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on how to improve that specific prototype,

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but they might not have
the time and bandwidth

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to teach you the best
practices of prototyping.

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You'll instead have to go
through a few different projects

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with prototyping work

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before you begin to realize the patterns

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of good design collaboration
and prototypes.

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The third challenge

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is that you can't always
see the big picture

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when you're operating within.

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When you spend your first year as a PM

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trying to learn the
fundamentals of your role,

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you don't always have the
capacity to take a step back.

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It's hard to see how your feature ladders

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up to organizational and team goals,

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or how it links to other
teams' goals and projects.

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In this scenario, it
becomes hard to identify

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and plan for possible dependencies

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or communicate and collaborate
with the relevant teams.

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What these situations demonstrate is that,

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while it isn't impossible to
become a great product manager

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without a structured training program,

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learning foundational
product management skills

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can be instrumental to accelerating
your growth trajectory.

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Our program partner is Anand Subramani,

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SVP of product at Path,

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and Jiaona Zhang, VP
of product at Webflow,

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recognize this need for a structured

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and comprehensive product manager training

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that's accessible to all

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and have developed this
program to fill that void.

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Both Anand and JZ come with
over 15 years of experience

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as product leaders and mentors,

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and multi-billion dollar
companies like Zynga, Gusto,

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Dropbox, Pilot, Webflow,
Airbnb, and WeWork.

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They've managed and trained
countless new product managers

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across these companies.

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While product management
is a multi-dimensional role

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that can look very different
across organizations

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and even teams,

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Anand and JZ have focused this
program on the four pillars

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that are foundational to
most new product managers

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across organizations.

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The first pillar is
opportunity validation.

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The second is design.

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The third is development,

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and the fourth is launch and iteration.

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As an early career PM,

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most of your projects will
be centered on features.

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So in this program,

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we'll take a feature-centric
approach to this process.

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However, these pillars apply to everything

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from small feature updates
to large product development.

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That's why mastering them early on

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will accelerate your PM career growth.

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Let's walk through what
each of these pillars means

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when we're working on building features.

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First, feature opportunity validation.

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Before feature specs are
developed or any code is written,

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product managers need
to decide what to build

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and validate whether it will create value

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for their users and their business.

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For instance, consider a PM at Figma,

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the design collaboration product

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who's responsible for building
new collaboration features.

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It's the PM's job to
identify an opportunity

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to improve collaboration,

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and they must do so in a way

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that not only solves a
meaningful user problem,

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but also creates value for the business

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and aligns with the company's strategy.

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So let's say the PM heard
from the customer support team

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that some users wanted the
ability to quickly react

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to comments in Figma.

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Rather than diving into build it,

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the PM would validate this opportunity

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by conducting interviews with
different types of Figma users

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and determining if it
was a widespread problem

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for the broader Figma user base.

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They would also assess how this feature

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could drive business value.

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Let's say they find that the
ability to react to a comment

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is likely to increase
engagement on comments by 50%,

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and this ultimately increases
retention for the business.

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Only then would the Figma
team invest resources

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into designing and developing
the reaction feature.

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The second pillar is feature design.

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Once opportunities have been
identified and validated,

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PMs are responsible for helping
turn these opportunities

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into designs and specifications.

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This requires combining an
understanding of user needs,

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business constraints, and design decisions

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to develop a feature prototype.

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In the Figma example,

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the PM would partner
with product designers

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to lay out the functionality
and user experience

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for the reaction feature.

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To do this, they would have to understand

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what types of reactions
users want to provide;

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where they want to provide them,

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in product, through email,

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or through environments like Slack;

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and how they want to be notified

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when they receive these reactions.

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Based on this understanding,

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as well as other development
and design constraints,

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they would prototype the
reaction feature and test it.

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Third is feature development.

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Once feature specifications

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and prototypes have been created,

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PMs are responsible for
working with engineering teams

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to bring these designs to life.

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They need to build work plans
and drive feature development

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through their team's operational cycles.

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Additionally, they need to
track and communicate progress

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and challenges to cross-functional teams.

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In the Figma example,
the PM would collaborate

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with their design and
engineering counterparts

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to break down the reaction feature

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into milestones and tasks.

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They would track progress against the plan

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and share updates with
leadership, their manager,

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and cross-functional teams that
are involved in development.

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Finally, there's feature
launch and iteration.

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One of the core responsibilities of a PM

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is owning the end-to-end
success of new features.

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This means they need to
ensure it's launched smoothly,

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performance is measured,

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and learnings and new
opportunities are synthesized

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and communicated to other teams.

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In the Figma example, the
PM would have to ensure

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that the feature is marketed
during and after launch

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through email and app notifications,

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social media, and other channels.

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They would then evaluate how
the feature is performing

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against its goals.

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Does it help users
quickly react to comments?

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How much does it increase
engagement on comments?

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Based on this performance,

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they would have to decide what to do next.

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They might need to improve
the user experience

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or add more reactions,

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or they might decide to move on

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and work on a different
collaboration feature.

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The PM would then package
these learnings and insights

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and present them to
leadership product design

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and engineering teams.

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As we can see from this Figma example,

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most PM projects go through

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the product development
pillars and sequence.

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PMs identify opportunities to
develop a feature or product,

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then execute on these opportunities

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by designing, developing,
and launching them.

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Ultimately, they evaluate
their performance post-launch.

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Since the product development
pillars are often sequential,

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we sometimes refer to them

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as the stages of product development.

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Understanding the product
development pillars

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both separately and in sequence

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and mastering the tools and strategies

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to execute these pillars

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will not only set you up for success

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in the first few years of your PM career,

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but also put you on a
high growth trajectory

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as a product manager.

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There are four key reasons why.

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First, you'll learn
skills that are relevant

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throughout your career.

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These pillars are foundational
to product development

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at every level.

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As a junior PM, you'll likely
be responsible for features.

00:12:19.020 --> 00:12:20.970
Most of your effort will be concentrated

00:12:20.970 --> 00:12:22.950
in the third and fourth pillars:

00:12:22.950 --> 00:12:26.370
feature development and
feature launch and iteration.

00:12:26.370 --> 00:12:28.320
But understanding all four pillars

00:12:28.320 --> 00:12:29.490
and how they work together

00:12:29.490 --> 00:12:33.240
will make you more effective
in your existing area of focus

00:12:33.240 --> 00:12:35.910
and expand your scope of work over time.

00:12:35.910 --> 00:12:38.580
As you grow to a senior
PM, the scope, size,

00:12:38.580 --> 00:12:40.740
and complexity of these
features will grow,

00:12:40.740 --> 00:12:43.050
and you'll find yourself
spending more time

00:12:43.050 --> 00:12:44.610
on the first two pillars:

00:12:44.610 --> 00:12:48.330
validating feature opportunities
and designing features.

00:12:48.330 --> 00:12:49.350
This ensures that you

00:12:49.350 --> 00:12:51.810
and your design and
engineering counterparts

00:12:51.810 --> 00:12:55.200
are developing and launching
the right set of features.

00:12:55.200 --> 00:12:58.590
As you advance to group PM,
you'll manage a product roadmap

00:12:58.590 --> 00:13:01.050
and a team of PMs who
are building features

00:13:01.050 --> 00:13:03.900
using these four product
development pillars.

00:13:03.900 --> 00:13:06.270
And as a product leader,
you'll be responsible

00:13:06.270 --> 00:13:08.730
for the vision and
strategy of your product,

00:13:08.730 --> 00:13:11.370
which then influences that product roadmap

00:13:11.370 --> 00:13:14.070
and the products and
features that you build.

00:13:14.070 --> 00:13:15.780
Learning these foundational pillars

00:13:15.780 --> 00:13:17.400
and taking this integrated view

00:13:17.400 --> 00:13:20.670
of product and feature
development early in your career

00:13:20.670 --> 00:13:22.710
will enable you to make better decisions

00:13:22.710 --> 00:13:25.563
at the product, roadmap,
and strategic levels.

00:13:26.490 --> 00:13:28.920
Second, you'll become
an independent operator

00:13:28.920 --> 00:13:31.830
who can build features
with limited supervision.

00:13:31.830 --> 00:13:34.260
When you work through the four
product development pillars

00:13:34.260 --> 00:13:37.230
for a feature or product
that you're responsible for,

00:13:37.230 --> 00:13:39.150
you're no longer dependent
on your manager's

00:13:39.150 --> 00:13:42.030
and supervisor's inputs at each stage.

00:13:42.030 --> 00:13:44.190
Instead, you'll be able
to sequence your work

00:13:44.190 --> 00:13:46.080
and decisions independently,

00:13:46.080 --> 00:13:48.600
and you'll bring your own
mental models and frameworks

00:13:48.600 --> 00:13:51.510
to navigate difficult
decisions and trade-offs.

00:13:51.510 --> 00:13:53.610
For instance, when you're
breaking down a feature

00:13:53.610 --> 00:13:56.400
into development milestones
and sprint cycles,

00:13:56.400 --> 00:13:58.650
you need to prioritize what functionality

00:13:58.650 --> 00:14:00.120
you want in the initial release

00:14:00.120 --> 00:14:04.140
and which elements you can
deprioritize for later releases.

00:14:04.140 --> 00:14:07.770
Most PMs ask their supervisors
how to sequence their work.

00:14:07.770 --> 00:14:09.990
However, using the product
development pillars

00:14:09.990 --> 00:14:12.540
will allow you to learn
the most important inputs

00:14:12.540 --> 00:14:14.130
and trade-offs to consider

00:14:14.130 --> 00:14:15.840
as you prioritize milestones

00:14:15.840 --> 00:14:17.490
and sequence feature development.

00:14:18.390 --> 00:14:21.450
Third, you'll begin to
own feature outcomes.

00:14:21.450 --> 00:14:23.730
By mastering these product
development pillars,

00:14:23.730 --> 00:14:25.500
you won't just execute on the vision

00:14:25.500 --> 00:14:27.390
and plan of your supervisors,

00:14:27.390 --> 00:14:30.570
but begin to own features end-to-end.

00:14:30.570 --> 00:14:32.250
When you master the first pillar,

00:14:32.250 --> 00:14:33.930
you'll be able to participate in

00:14:33.930 --> 00:14:36.120
and eventually lead the scoping

00:14:36.120 --> 00:14:38.760
and prioritization of feature work.

00:14:38.760 --> 00:14:40.440
You'll have a clear point of view

00:14:40.440 --> 00:14:42.120
on whether you should build a feature

00:14:42.120 --> 00:14:45.150
and what success for the
feature will look like.

00:14:45.150 --> 00:14:47.340
Mastering pillars two and three means

00:14:47.340 --> 00:14:48.690
that you won't just participate

00:14:48.690 --> 00:14:51.330
in the design and
development of the feature.

00:14:51.330 --> 00:14:53.070
You'll actually guide the process

00:14:53.070 --> 00:14:56.970
with your unique understanding
of the customer and business.

00:14:56.970 --> 00:14:59.130
By mastering pillar four, you'll learn

00:14:59.130 --> 00:15:02.010
how to evaluate feature
performance against goals

00:15:02.010 --> 00:15:04.410
and proactively identify opportunities

00:15:04.410 --> 00:15:06.303
to improve feature outcomes.

00:15:07.770 --> 00:15:09.300
Fourth, you'll learn when and how

00:15:09.300 --> 00:15:12.600
to communicate and collaborate
with leadership and peers.

00:15:12.600 --> 00:15:15.210
In this program, we'll teach
you how to proactively work

00:15:15.210 --> 00:15:17.790
with leadership,
engineering, product design

00:15:17.790 --> 00:15:19.320
and other teams,

00:15:19.320 --> 00:15:22.110
getting inputs, aligning
on goals and progress,

00:15:22.110 --> 00:15:25.500
and communicating challenges
and wins at the right time,

00:15:25.500 --> 00:15:27.780
will enable you to gain
visibility and trust

00:15:27.780 --> 00:15:30.330
from your org's leadership
and other teams.

00:15:30.330 --> 00:15:31.770
That's going to differentiate you

00:15:31.770 --> 00:15:34.500
as a high-performing product manager.

00:15:34.500 --> 00:15:37.687
Helen Smith, VP of
product at Reforge says,

00:15:37.687 --> 00:15:38.520
"The biggest way

00:15:38.520 --> 00:15:41.190
that high-growth PMs
differentiate themselves

00:15:41.190 --> 00:15:44.310
is by how they react when
things don't go well.

00:15:44.310 --> 00:15:46.410
High-growth PMs communicate and learn

00:15:46.410 --> 00:15:50.340
from every problem or failure
that their projects encounter.

00:15:50.340 --> 00:15:51.300
These four things,

00:15:51.300 --> 00:15:52.710
mastering the foundations,

00:15:52.710 --> 00:15:54.870
becoming an independent operator,

00:15:54.870 --> 00:15:57.810
owning outcomes and
collaborating expertly,

00:15:57.810 --> 00:16:01.692
will set you on an accelerated
trajectory in your PM career.

00:16:01.692 --> 00:16:04.650
Anand and JZ can attest
that new product managers

00:16:04.650 --> 00:16:06.960
who show mastery of these four pillars

00:16:06.960 --> 00:16:09.450
rise quickly up in the PM ranks.

00:16:09.450 --> 00:16:10.650
In the next four modules,

00:16:10.650 --> 00:16:14.010
we'll work through the four
product development pillars

00:16:14.010 --> 00:16:17.010
For each pillar, we'll
introduce tools and strategies

00:16:17.010 --> 00:16:18.870
to help you communicate with leadership,

00:16:18.870 --> 00:16:21.210
your product design and engineering teams,

00:16:21.210 --> 00:16:23.313
and cross-functional stakeholders.

00:16:24.420 --> 00:16:27.240
In module one, we'll
focus on the first pillar,

00:16:27.240 --> 00:16:29.790
identifying and validating
feature opportunities

00:16:29.790 --> 00:16:31.590
that create value.

00:16:31.590 --> 00:16:33.180
We'll discuss the three components

00:16:33.180 --> 00:16:35.040
of a great product opportunity:

00:16:35.040 --> 00:16:37.980
strategic fit, user
value, and business value,

00:16:37.980 --> 00:16:41.730
and walk through a four-step
process to validate them.

00:16:41.730 --> 00:16:44.520
In module two, we'll focus
on the second pillar,

00:16:44.520 --> 00:16:46.050
design features.

00:16:46.050 --> 00:16:48.540
We'll talk about how to
do efficient brainstorming

00:16:48.540 --> 00:16:50.160
with design counterparts,

00:16:50.160 --> 00:16:51.960
how to leverage prototype testing

00:16:51.960 --> 00:16:54.240
to arrive at a high fidelity design,

00:16:54.240 --> 00:16:55.770
and how to gain approval

00:16:55.770 --> 00:16:59.940
and update your product
requirements document, or PRD.

00:16:59.940 --> 00:17:02.640
In module three, we'll
discuss the third pillar,

00:17:02.640 --> 00:17:04.770
developing product features.

00:17:04.770 --> 00:17:07.260
We'll discuss the body of
work that must be completed

00:17:07.260 --> 00:17:10.830
to transform a designed
feature into a built feature.

00:17:10.830 --> 00:17:12.690
We'll give you a playbook for development

00:17:12.690 --> 00:17:15.270
that includes mapping your
cross-functional team,

00:17:15.270 --> 00:17:18.090
preparing for development,
managing execution,

00:17:18.090 --> 00:17:19.860
and managing risk.

00:17:19.860 --> 00:17:21.270
And in module four,

00:17:21.270 --> 00:17:23.760
we'll cover the fourth
product development pillar:

00:17:23.760 --> 00:17:26.130
feature launch and iteration.

00:17:26.130 --> 00:17:28.950
We'll teach you how to
effectively coordinate a launch,

00:17:28.950 --> 00:17:30.210
evaluate performance,

00:17:30.210 --> 00:17:33.273
and communicate the feature's
impact with stakeholders.

00:17:34.410 --> 00:17:36.180
In each module, we'll introduce

00:17:36.180 --> 00:17:38.430
a set of templates and exercises

00:17:38.430 --> 00:17:41.220
to help you apply your
learnings to your work.

00:17:41.220 --> 00:17:44.280
By the end of this program,
you'll be able to recognize

00:17:44.280 --> 00:17:47.610
and deeply understand these
four product development pillars

00:17:47.610 --> 00:17:50.310
and use them to accelerate your PM career.

00:17:50.310 --> 00:17:51.453
Let's get started.