ProductSquad’s Product Building Philosophy

Posted by: Varenyam Consulting Category: BLOGS Comments: 0

We would like to write our philosophy in a style inspired by the lyrics of Frankie Laine, in his song, I Believe.

On Building Products

Closely related to this is also the concept of Whole Product Model that we are keenly focussed about, which increases possibility of mainstream market success.

  • We believe my primary identity is of being a value creator for my product. I strive to make my product more valuable to the market than it currently is.
  • We believe in being revenue-driven with our product decisions. We believe revenues are the truest validation of delivering value to your customers. When a customer parts away his money to buy your product, you know you have delivered real value.
  • We believe in striving for building less, and yet delivering more impact. For this, we need to learn to be ruthless in prioritization.
  • We believe launching products or features is not success. We would never celebrate a product launch. Success is when customers validate its value through positive feedback.
  • We strongly believe in the Lean Startup and Agile principles of product development.
  • We believe in investing in product discovery efforts than anything else. Product development and implementation though is very important, comes only next to right product discovery.
  • We believe in striving for alignment from vision to execution for the products we build.

On Customer Immersion

  • We begin all our decisions with genuine care for our customers.
  • I believe in inculcating a mindset of deep empathy for my customers.
  • We believe that we are first and foremost a customer advocate. We strive to provide value to our customers with what we build for them.
  • We believe that we must strive to understand our customers’ needs better than themselves.

On Being Data and Metric Driven

  • We believe in setting up a clear definition of success for products and features.
  • We believe in being conscious of not falling into the trap of confirmation bias. The default position is to find evidence for invalidating my own assumptions and hypothesis.
  • We believe in practicing 10X moonshot thinking.
  • As product leaders, we believe, we should be the best at getting better.

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