Balance shortterm goals with long-term vision from "summary" of Product Management in Practice by Matt LeMay
Product managers must strike a delicate balance between the short-term goals of the organization and the long-term vision for the product. It can be easy to get caught up in the urgency of meeting immediate objectives, such as hitting quarterly revenue targets or fixing bugs in the latest release. However, focusing solely on short-term goals can lead to a lack of strategic direction and alignment with the overall vision for the product. On the other hand, becoming too fixated on the long-term vision without addressing immediate needs can result in missed opportunities and a disconnect with customer needs. It is crucial for product managers to continuously assess and prioritize short-term goals in the context of the long-term vision to ensure that they are making meaningful progress towards the ultimate goal. One way to achieve this balance is by setting clear, measurable objectives that align with both short-term goals and long-term vision. By breaking down the long-term vision into smaller, actionable steps, product managers can ensure that they are making progress towards the ultimate goal while also addressing immediate needs. Additionally, product managers should regularly revisit and reassess their priorities to ensure that they are still aligned with the long-term vision. This may require making difficult decisions about which short-term goals to prioritize and which to deprioritize in order to stay true to the overarching vision for the product.- Balancing short-term goals with long-term vision requires a strategic mindset and the ability to think both tactically and strategically. By continuously evaluating and adjusting priorities, product managers can ensure that they are driving towards the long-term vision while also meeting the immediate needs of the organization.
Similar Posts
Define your organization's core strengths
To win in the marketplace, it is essential to understand and leverage your organization's core strengths. These strengths are t...
Prioritize customer satisfaction and outcomes over output
The key to success in any business is to prioritize customer satisfaction and outcomes over output. This means focusing on deli...
Understand customer needs
To create a successful product, it is crucial to deeply understand the needs of your customers. This involves going beyond surf...
Measure success through customer value
Success in product development should not be measured solely by the number of features delivered or the speed of releases. Inst...