Rakesh Ranjan
Career Milestones
Organization and You
Core Competencies
Go to food for thought
Favorite Products
What accomplishment in your product management career has brought you the highest level of satisfaction and joy? Can you narrate why?
Shipping great consumer products across Travel (MakeMyTrip), Matrimony (Shaadi.com), Real estate (CommonFloor), FinTech (Zeta) that still are in use, years later, by millions of users.
It is a great feeling that a germ of an idea in your head can take a life of it's own and will one day change something (however minuscule) in the life of a broader cross section of the users.
What aspect of product management did you struggle the most with? How did you overcome it?
As Product Managers, when you build a feature, you are expected to have a fairly high degree of conviction before you devote a considerable amount of the organization's resources behind it. Unfortunately not all bets pay off. The self doubt induced struggle of 'what if the feature bombs' is real.
There are multiple guard rails that you learn on the job that ranges from early validation via user testing, competitive benchmarks, guesstimates, A/B experiments for MVP etc.
But, before you have the conviction on your features, you need to have the self-conviction that that you will figure it out, as you go along.
Things become easier from there on.
What's one common myth about product management that you find common among aspiring PMs.
"Product Manager is the CEO of the Product and hence everyone will just follow my instructions"
Very few aspiring PMs realise that they have to brush up on their Influencing skills to even move the needle. Most of Product Management is about relationship building and influencing everyone, to get the best out of the unit.
What are some common pitfalls that product managers must be aware of?
1. You will not get it right every time and be okay with that. Bias for action will trump over indecision led limbo always.
2. You can't get away with, "Oh, but it is not my job". If it is about your Product, it is your job. Your job may not be to manually trigger OTPs but your job may be to find a creative solution to an impasse.
3. Don't assume that if it is clear in your heads, it is clear in everybody's. It's your job to ensure everyone has the same level of clarity as you.
4. "I know my users, because I am a user too", you may do well to keep looking at the metrics and user research and you will get surprised.
If not product management, what career would you have picked? Are there any complimentary skillsets that you see between being a PM and your alternate choice?
I was a Product Manager before I knew what Product Management was. If it wasn't Product Management, I would (perhaps) been a Teacher.
Influencing the new generation via ideas and discussions and debates and finding creative ways to get the right solutions would be akin to what a Product Manager does.
What is something about product management that you wish you knew when you started out?
There is no formal training for a Product manager. It's almost always an on-the-job training.
If you are struggling and re-evaluating your contribution in the first months as a PM, do know that every PM goes through an Imposter syndrome at some point.
Even when you don't see a line of sight of how you (individually) are contributing to the Org, do realize that when you look back, the dots do connect.
What accomplishment in your product management career has brought you the highest level of satisfaction and joy? Can you narrate why?
Shipping great consumer products across Travel (MakeMyTrip), Matrimony (Shaadi.com), Real estate (CommonFloor), FinTech (Zeta) that still are in use, years later, by millions of users.
It is a great feeling that a germ of an idea in your head can take a life of it's own and will one day change something (however minuscule) in the life of a broader cross section of the users.
What aspect of product management did you struggle the most with? How did you overcome it?
As Product Managers, when you build a feature, you are expected to have a fairly high degree of conviction before you devote a considerable amount of the organization's resources behind it. Unfortunately not all bets pay off. The self doubt induced struggle of 'what if the feature bombs' is real.
There are multiple guard rails that you learn on the job that ranges from early validation via user testing, competitive benchmarks, guesstimates, A/B experiments for MVP etc.
But, before you have the conviction on your features, you need to have the self-conviction that that you will figure it out, as you go along.
Things become easier from there on.
What's one common myth about product management that you find common among aspiring PMs.
"Product Manager is the CEO of the Product and hence everyone will just follow my instructions"
Very few aspiring PMs realise that they have to brush up on their Influencing skills to even move the needle. Most of Product Management is about relationship building and influencing everyone, to get the best out of the unit.
What are some common pitfalls that product managers must be aware of?
1. You will not get it right every time and be okay with that. Bias for action will trump over indecision led limbo always.
2. You can't get away with, "Oh, but it is not my job". If it is about your Product, it is your job. Your job may not be to manually trigger OTPs but your job may be to find a creative solution to an impasse.
3. Don't assume that if it is clear in your heads, it is clear in everybody's. It's your job to ensure everyone has the same level of clarity as you.
4. "I know my users, because I am a user too", you may do well to keep looking at the metrics and user research and you will get surprised.
If not product management, what career would you have picked? Are there any complimentary skillsets that you see between being a PM and your alternate choice?
I was a Product Manager before I knew what Product Management was. If it wasn't Product Management, I would (perhaps) been a Teacher.
Influencing the new generation via ideas and discussions and debates and finding creative ways to get the right solutions would be akin to what a Product Manager does.
What is something about product management that you wish you knew when you started out?
There is no formal training for a Product manager. It's almost always an on-the-job training.
If you are struggling and re-evaluating your contribution in the first months as a PM, do know that every PM goes through an Imposter syndrome at some point.
Even when you don't see a line of sight of how you (individually) are contributing to the Org, do realize that when you look back, the dots do connect.