The World's Best Book Summaries
What are some of the most compelling quotes from Seth Godin’s book Tribes? What are their context and meaning? Tribes by Seth Godin is a book about creating and leading a tribe—a group of people connected by an idea and a leader. It contains practical insights on leadership, community, and society. Keep reading for some thought-provoking quotes from Seth Godin’s Tribes.
What is the role of a product manager in a product development team? What five key characteristics do good product managers possess? The product manager is arguably the most important role in a product development team. They have four key responsibilities: customers, data, the company, and the industry. Continue reading to learn about the product manager description.
How do you deal with shame? Why is shame inevitable in innovative organizations? You learn how to deal with shame when you accept that it is universal, and you connect with others to work through it and learn from it. Innovative organizations can’t completely resist shame because failure is a natural by-product of constant invention, and shame is largely caused by failure. Read more to fully understand how to deal with shame.
What is the long-tail business model? How does the long-tail business formula differ from the conventional business wisdom? The long-tail business model is where a business sells a wide range of niche products/services instead of selling large numbers of high-demand products/services. The long tail formula seems to fly in the face of the common advice to focus on one niche product (in other words, to prioritize one thing and do it exceptionally well). Further, expanding your offerings according to the long tail formula could be the key to disrupting the market and winning big. In this article, we’ll take a
Do you want to create a technology startup company but don’t know where to start? Once you discover your product, how do you manage its development? In Marty Cagan’s book Inspired, product management and product discovery are crucial for a startup’s success. Creating a good product idea is only the beginning, then you must prototype, test, and assess risk. Continue reading for Marty Cagan’s advice on creating a product.
What is Brené Brown’s Dare to Lead about? What are the four skills needed for brave leadership? Brené Brown’s Dare to Lead is the bible for brave leadership. The book seeks to get leaders to approach fear and uncertainty head-on, and to teach their subordinates to do the same. Brave leadership requires four skills and they are; facing vulnerability with courage, practicing your values, trust-building, and failure resilience. Below is a brief overview of the key takeaways.
How do you communicate with your customers? Does your business have a customer relationship strategy? Customers expect businesses to understand the relationships they want and to respond appropriately. However, despite spending billions trying to understand customer relationships, businesses often don’t understand these expectations and end up undermining their interaction efforts. There are two steps to designing your customer relationships strategy: 1) define your touchpoints, and 2) define your interactions. We’ll discuss both of these concepts below.
What is a free business model? How do companies finance the provision of their product/service for free? A free business model is where one or more customer groups receive value at no cost (e.g. a software company offering a limited suite of features for free). Free users are always financed by another part of the business model or by another customer segment. In this article, we’ll look at the different types of free business models, and how they generate revenue.
What ten innovation principles can help your company with the product discovery process? What two strategies can help your teams innovate? In the book Inspired, Marty Cagan shares the innovation principles and strategies that will help your company through the discovery process. Additionally, he helps wean your team off of roadmaps with two strategies. Continue reading for Marty Cagan’s advice from Inspired.
What is the unbundled business model? What is the benefit for a business to “unbundle” its operations? The unbundled business model is where a business divides its operations into several categories, where each category is driven by different factors and defined by its own set of rules and operating procedures. Unbundling can be done for several reasons, but the main goal is always to improve the company’s efficiency. In this article, we’ll look at the benefits of the unbundled business model.