Next Wednesday, May 5th, fellow product management/product marketing blogger and Informatica PM Saeed Khan and I will be having a conversation, live via teleconference, about the two sides of PM metrics:
Metrics by PM. What are the important metrics about a tech vendor's business and technology that should PM maintain? This question strikes at the heart of PM's core responsibilities, making sure that a tech vendor's products and services help its business, and vice versa.
Metrics about PM. Want to start a lively conversation? Ask product managers and product marketers about the metrics used to measure their performance and contribution. These metrics do more than just point PMs in the direction of quarterly goals. They also communicate within the company the value of what PM does.
Saeed always has sharp insights on these sorts of topics (which is why you should be a regular reader of the On Product Management blog, by the way). This call is a real conversation, not a one-way blabfest, so we're definitely looking for your questions and comments during the call. Expect a mix of observations about the state of PM in the tech industry, as well as best practices developed through hard experience.
A lot of emerging companies think they've "arrived" when they've launched their first analyst briefing "tour." Oftentimes, these start-ups have very small to no marketing function internally, instead turning to outside agencies for public relations, marketing communications, and of course, the debut to the analyst influencers. These small firms feel confident that once they've placed themselves in the hands of the seemingly capable agencies, they'll get all the ink and influence needed to execute the hockey-stick growth curve they've presented to their board and investors. The agency then scurries off, schedules a bunch of analyst briefings, and gives themselves a big pat on the back: mission accomplished! The appointed briefing time comes, the firm's show dog delivers the pitch, and then. . . the promise of a successful briefing fizzles.
Earlier this week, I had a briefing with just such a start-up. The agency dutifully sent me the slides in advance and, as analysts are inclined to do, I took a look. . . and was left wondering just what value this agency was providing to this client. Why? The slide deck, while short, did nothing to sell this company to me, the analyst. Here's the start-up's value proposition:
To this end, Company X seeks to design a system leveraging the latest technologies and utilizing a common processing engine and user interface to provide an integrated, easy-to-use, cost effective solution for financial institution.