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Mind the Product

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Synthesia becomes the UK’s largest AI product: Lessons for product teams

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Does product management only work for tech and startups?

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Louron serves as the Editor at Mind the Product, bringing nearly a decade of experience in editorial positions across business and technology publications. For any editorial inquiries, you can connect with him on LinkedIn or Twitter.

Louron Pratt

<p>In the first month of 2022, we&#8217;ve published a whole lot of content to keep us all up to scratch with the product management craft and here we&#8217;re taking a look back at a few of the best bits.</p>
<p>Read on for a recap of the five most talked-about pieces this month. Let’s dive right in…</p>
<h2>Don’t let your first Product Requirements Document be your last</h2>
<p>Our most popular piece of this month was written by Adam D&#8217;arcy, Chief Product Officer at Prodigy Finance. He explains how publishing your first Product Requirements Document (PDR) can be a daunting task, especially if you’re new to a tech company.</p>
<p>He offers up fresh research on how product managers are feeling when writing PRDs followed by a practical tool to hopefully solve this problem.</p>
<p>Due to previous painful moments in his career, he has decided to create a more flexible PRD Generator that could attempt to solve all these pain points. Product managers can pick from a shortlist of boilerplate sections depending on the type of PRD being created to get a clear logical structure in place from the beginning. If you fancy trying it out, take a full read of the article below!</p>
<p><span style="text-decoration: underline; font-style: italic;"><a href="https://www.mindtheproduct.com/dont-let-your-first-prd-be-your-last/">Don’t let your first Product Requirements Document be your last</a></span></p>
<h2>Managing mature products — Simple steps to success</h2>
<p>Not every product makes it to maturity, but most products have a lifecycle of growth, maturity, and decline. A mature product has found product/market fit, it’s stopped growing, and its role is to be a cash cow for the business.</p>
<p>In this post for Mind the Product members, Editor at Mind the Product, Eira Hayward, delves into a step-by-step guide into ensuring that products continue to thrive.</p>
<p>She explains that tracking performance, staying competitive by managing your salespeople carefully, and being conscientious about your best practices are key to thriving.</p>
<p><span style="text-decoration: underline; font-style: italic;"><a href="https://www.mindtheproduct.com/managing-mature-products-simple-steps-to-success/">Read: Managing mature products — Simple steps to success</a></span></p>
<h2>A case study: Building a product without any full-time product managers</h2>
<p>This popular blog post asks the question, do you need a full-time Product Manager in your team? The case study by Francesco Wiedemann, co-founder at Kyte delves into how small teams can achieve growth in product creation without the need for full-time Product Managers.</p>
<p>Francesco encourages all teams to instil the principles of extreme ownership, integrate easy processes, and set a clear north star in their culture.</p>
<p><span style="text-decoration: underline; font-style: italic;"><a href="https://www.mindtheproduct.com/a-case-study-building-a-product-without-any-full-time-product-managers/">Read this case study on building a product without any full-time product managers</a></span></p>
<h2>Managing “must-do” initiatives in empowered teams</h2>
<p>How do you approach “must-do” initiatives when your team is empowered? And do you tell empowered teams they have to do something, and how do you handle it well? This popular members&#8217; post for the month discusses how to maintain authority with your empowered teams.</p>
<p><span style="font-style: italic;">“The key to maintaining authority with your team is to be transparent, says Emily. If you pretend you believe in a bad decision your team will see through it and stop trusting you.”</span></p>
<p><span style="font-style: italic;">Discover insights on </span><span style="text-decoration: underline; font-style: italic;"><a href="https://www.mindtheproduct.com/managing-must-do-initiatives-in-empowered-teams/">Managing “must-do” initiatives in empowered teams</a></span></p>
<h2>QUICK READ: How do you innovate in a risk-averse environment?</h2>
<p>Enterprise businesses are often risk-averse, making it challenging for a product manager trying to innovate. How do you work around the problem? How do you learn to sell the dream and encourage your risk-averse stakeholders to innovate with you?</p>
<p>In this engaging membership piece, Eira Hayward shares six suggestions from product people who have found successful ways to work in a risk-averse environment.</p>
<p><span style="text-decoration: underline; font-style: italic;"><a href="https://www.mindtheproduct.com/how-do-you-innovate-in-a-risk-averse-environment/">QUICK READ: How do you innovate in a risk-averse environment?</a></span></p>
<h2>Coming up in February…</h2>
<p>There are plenty more exciting pieces of content to unpack in February. To ensure you won’t miss out on a thing, keep your eyes peeled on our<span style="text-decoration: underline;"><a href="https://www.mindtheproduct.com/"> homepage</a></span> as well as visiting the <a href="https://www.mindtheproduct.com/membership/leader/dashboard/" target="_blank" rel="noopener">membership dashboard</a>.</p>

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January’s top product management content

Louron Pratt

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