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In our fast-paced everyday lives, it can be challenging to find time for all the aspects that theory tells us are crucial to being a successful product leader. We are expected to set direction and effectively communicate it through vision, strategy, and roadmaps. Deep domain knowledge, analyzing market trends, facilitating, coaching, and mastering public speaking are all essential skills. Furthermore, we must represent our customers and users by understanding their needs and desires. Managing and prioritizing the backlog, taking ownership of user stories and working closely with stakeholders and teams add to the demands of our role.
When we read books or attend courses on product leadership, we often feel inspired, motivated, and eager to put what we've learned into practice. However, reality sets in as our calendars fill up, and both our teams and management expect us to be readily available to address pressing matters that constantly arise.
As a result, finding the time to gather our teams and stakeholders for lengthy sessions discussing product vision, strategy, or testing hypotheses becomes a daunting task. But what if there was a way to prepare and initiate this work by brainstorming and collaborating with an artificial intelligence (AI)? Perhaps, with the help of AI, we can streamline our efforts and avoid starting from scratch.
In this article, we'll explore how leveraging AI can empower product leaders and alleviate some of the time constraints and challenges we face. By harnessing the potential of AI, we can optimize our productivity, foster collaboration, and drive innovation within our roles as product leaders. Let's delve into the possibilities and advantages of incorporating AI as a valuable ally in our product management journey.
But what if there was a way to prepare and initiate this work by brainstorming and collaborating with an artificial intelligence (AI)? Perhaps, with the help of AI, we can streamline our efforts and avoid starting from scratch.
To foster effective collaboration with the AI, we can adopt a funnel mindset approach during our conversation. We begin with a broad perspective and gradually narrow down, providing the AI with the necessary information to achieve optimal results. It's crucial to continuously inspect and adapt throughout the process to tailor the collaborative effort to our specific needs. Additionally, it's important to acknowledge that the co-creation with the AI serves as a suggestion, which we can further develop together with the team. For the team members to be motivated, they must be able to identify themselves in the outcome, as motivation acts as the internal spark that drives individuals to take action, pursue goals, and overcome obstacles in their quest for meaningful achievements.
In this scenario, suppose we are a product leader in our organization, and our team provides support for an ERP system, specifically D365 (Microsoft Dynamics). Our primary stakeholders include finance, product supply, logistics, and a data team responsible for showcasing information through Power BI.
To determine the value we offer to these stakeholders, we have adopted Bain & Co's B2B value pyramid framework. We have identified that our contributions mainly revolve around enhancing the ease of conducting business by leveraging various aspects such as operational efficiency, strategic alignment, increased productivity, seamless access, and strengthened relationships.
Now that we have established a well-defined context, we can proceed with our actual sparring session.
In order to utilize AI, specifically Chat GPT, as a sparring partner, our initial step involves constructing a Business Model Canvas. We input our contextual information into the AI, which then generates a suggested business model canvas for our product (figure. 1).
During this sparring session, we meticulously analyze each aspect and determine its suitability. It is akin to a brainstorming session that involves active participation from our team and stakeholders. For example, we may modify the Key Partners section to include the names and functionalities of specific providers, particularly if we rely on third-party solution providers for certain functionalities. Furthermore, we should assess whether including revenue and cost information is relevant, given that our main focus is on supporting our organization.
By refining and updating the Business Model Canvas, we can harness the assistance of AI to develop a vision that aligns with our goals.
An AI generated vision statement based on our business model canvas:
Our vision is to empower our stakeholders in finance, product supply, logistics, and data teams by providing them with a seamless and efficient ERP system, D365.
We strive to be the catalyst for operational excellence, strategic decision-making, and enhanced productivity. By simplifying processes, providing access to real-time information, and fostering strong relationships, we aim to enable our stakeholders to achieve their business objectives and excel in their respective domains.
Together, we envision a future where our stakeholders experience ease of doing business, unlock their full potential, and drive sustainable growth for our organization.
Continuing with the collaborative nature of this process, we must approach it as a co-creation session with the AI. It may require multiple iterations before we truly see ourselves reflected in the envisioned outcome, cultivating the strong emotional connection necessary for effective communication.
Once we reach a point of satisfaction with the outcome, our next step is to craft a strategy.
As mentioned we approach the AI with a mindset of narrowing down, which means that we keep using all our previous work as input after iterating to a level where we feel confident and satisfied with the result. As a result we get the following strategic key elements.
Again we have to see this as a facilitated session where we get input from an AI instead of people. We still have to work with the input and iterate to create something that we can use in our day to day work. After several iterations, we reach a level of confidence and satisfaction with the result.
When constructing roadmaps, AI can serve as an invaluable sparring partner and co-creator, offering insights and support throughout the entire process. Its data analysis capabilities, suggestion generation, and decision-making assistance makes AI a valuable contributor to ideation, discovery, and the exploration of user needs.
In the provided example, the collaboration with AI led to the identification of six distinct phases, each accompanied by specific suggestions for concrete actions:
Click to view the text generated by AI (ChatGPT)👇
By following this roadmap, the organization can gradually implement and optimize the D365 ERP system, empowering stakeholders, delivering value, and ultimately realizing the vision of streamlined business processes, operational excellence, and valuable strategic insights.
To make the roadmap actionable, we can further enhance its effectiveness by setting clear objectives and key results (OKRs). By defining specific and measurable targets, we can track progress and ensure alignment with the organization's strategic goals.
Developing and implementing OKRs can pose challenges for individuals and teams. However, leveraging the capabilities of AI can offer assistance in generating OKR suggestions and analyzing data to facilitate the achievement of those objectives. While AI may not directly contribute to the execution phase, it can provide support by offering insights, recommendations, and data analysis. By harnessing the power of AI, we can enhance the OKR development process and utilize data-driven insights to drive progress and success in reaching our objectives.
In our situation, we have identified four objectives, each with three key results. While this may seem overwhelming, we can approach it as a brainstorming exercise. We have the flexibility to select, prioritize, and refine these objectives and key results until we are satisfied that we have a solid foundation for collaborative ideation with our team.
Click to view the text generated by AI (ChatGPT)👇
These Objectives and Key Results are designed to align with our overarching vision, strategy, and roadmap. They serve as tangible and measurable targets that enable us to monitor progress and foster continuous improvement in delivering value to our stakeholders. Regular monitoring and reassessment of the OKRs will help us maintain focus, adaptability, and responsiveness to evolving needs and market dynamics.
Before we move forward, it is vital to actively engage the entire team in shaping our vision, strategy, roadmap, and OKRs. Our goal is to ensure that these components resonate with everyone and foster motivation and commitment in working towards our common objectives.
In this particular scenario, we will leverage the AI's assistance to propose an approach to product discovery that aligns with our goals. By involving the AI in this exploration, we can benefit from its suggestions, which may include evidence and effort scores, to guide our decision-making process. This collaborative effort will enable us to gather valuable insights, validate assumptions, and iteratively refine our strategies, ultimately helping us achieve our desired outcomes.
Click to view the text generated by AI(ChatGPT)👇
"Can product developers leverage AI as a sparring partner?" asks the headline. The answer is a resounding yes.
Artificial Intelligence (AI) has emerged as a valuable companion for product leaders, offering support in various aspects of their role. By harnessing the power of AI-driven tools and insights, product leaders can enhance their strategic thinking, improve decision-making processes, and and perhaps even gain a competitive advantage in the market.
In today's fast-paced digital era of product leadership, AI becomes a valuable partner, empowering us to achieve impactful outcomes. By embracing the transformative potential of AI and collaborating with it as a sparring partner, product leaders can unlock new frontiers of innovation, success, and customer satisfaction. The synergy between human intellect and machine intelligence paves the way for a future where product leaders thrive and organizations excel.
However, it's important to note that even as we iterate and collaborate with AI, we must work closely with our teams to ignite the necessary motivation to work towards our vision and strategy through roadmaps, OKRs, and product discovery. Together, we can leverage AI's capabilities while ensuring a human-centered approach to achieve our goals.