Defining Product Success: Metrics and Goals
hey Nick here! In this newsletter, I curate insights and timeless principles on how to build great products. You’ll improve your product skills with every issue. Here’s an article for you today... Article📈 MetricsHow do successful product managers define metrics and goals? “Goals help connect your mission to your strategy, roadmaps, initiatives and tactics by tying the single metric you care about most with a target and a time frame during which it can be achieved.” 🎯 Defining the right metricTake a moment to think about the single most important metric to the success of your business. This should be the north star that you can rally your team around and driven by the vision of your product and mission of your company. Some sample metrics based on different types of companies:
The DO’s:
The DONT’s:
🥅 Setting goals using metricsGoals can unify your team and hold your team accountable. Guidance on picking goals:
🤔 Takeaways
📌 Link to the full article by the Data Science team at Sequoia Capital End NoteThank you for reading. If this was shared to you, you can subscribe here. For bite-sized product tips in your Twitter feed, follow @ProductPersonHQ. Have a great day, Nick Enjoyed this? Please share it with a friend or two. |
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