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	<title>Comments for GrandViewCentral</title>
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	<link>http://grandviewcentral.com/wordpress</link>
	<description>Using Portfolio Management to Enable Decision-Making Throughout the Innovation Value Chain</description>
	<lastBuildDate>Sat, 25 Apr 2009 23:10:29 +0000</lastBuildDate>
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		<title>Comment on Communities of Practice (CoP) by Michael Ray Hopkin</title>
		<link>http://grandviewcentral.com/wordpress/2009/04/23/communities-of-practice-cop/comment-page-1/#comment-25</link>
		<dc:creator>Michael Ray Hopkin</dc:creator>
		<pubDate>Sat, 25 Apr 2009 23:10:29 +0000</pubDate>
		<guid isPermaLink="false">http://grandviewcentral.com/wordpress/2009/04/23/communities-of-practice-cop/#comment-25</guid>
		<description>Byron, I love the CoP concept and am looking forward to participating. -Michael</description>
		<content:encoded><![CDATA[<p>Byron, I love the CoP concept and am looking forward to participating. -Michael</p>
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		<title>Comment on Consensus or voting, which one do I use? by David Locke</title>
		<link>http://grandviewcentral.com/wordpress/2009/04/09/consensus-or-voting-which-one-do-i-use/comment-page-1/#comment-20</link>
		<dc:creator>David Locke</dc:creator>
		<pubDate>Thu, 09 Apr 2009 18:27:29 +0000</pubDate>
		<guid isPermaLink="false">http://grandviewcentral.com/wordpress/?p=146#comment-20</guid>
		<description>Read &quot;Dialogue: The Art of Thinking Together.&quot; Consensus sounds great, but it doesn&#039;t work. Consensus is really a power mechanism. Voting sounds wonderful, but it doesn&#039;t work either. The people that vote no do not change their minds just because the group went with a yes. And, power controls the vote. Groups can do things that nobody in the group wanted to do, or would have done alone. 

Alignment works, but it requires a lot of effort.

However a decision is made, it is made in a manner consistent with the culture of the organization. I&#039;ve done change management in an organization where you couldn&#039;t communicate with the IT managers of other departments even if you worked for the CIO. Nuts! But, that was the way they did things.</description>
		<content:encoded><![CDATA[<p>Read &#8220;Dialogue: The Art of Thinking Together.&#8221; Consensus sounds great, but it doesn&#8217;t work. Consensus is really a power mechanism. Voting sounds wonderful, but it doesn&#8217;t work either. The people that vote no do not change their minds just because the group went with a yes. And, power controls the vote. Groups can do things that nobody in the group wanted to do, or would have done alone. </p>
<p>Alignment works, but it requires a lot of effort.</p>
<p>However a decision is made, it is made in a manner consistent with the culture of the organization. I&#8217;ve done change management in an organization where you couldn&#8217;t communicate with the IT managers of other departments even if you worked for the CIO. Nuts! But, that was the way they did things.</p>
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		<title>Comment on Strategic Roadmaps: New Product Strategy by DerickWorkman</title>
		<link>http://grandviewcentral.com/wordpress/2009/03/12/strategic-roadmaps-new-product-strategy/comment-page-/#comment-19</link>
		<dc:creator>DerickWorkman</dc:creator>
		<pubDate>Wed, 08 Apr 2009 13:00:57 +0000</pubDate>
		<guid isPermaLink="false">http://grandviewcentral.com/wordpress/?p=79#comment-19</guid>
		<description>Thank you! Yes I will be posting. Things have been a little crazy lately. I&#039;m going to try to post at least 2-3 a week from now on. Thanks for reading. Feel free to comment and jump in the discussions.</description>
		<content:encoded><![CDATA[<p>Thank you! Yes I will be posting. Things have been a little crazy lately. I&#8217;m going to try to post at least 2-3 a week from now on. Thanks for reading. Feel free to comment and jump in the discussions.</p>
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		<title>Comment on Strategic Roadmaps: New Product Strategy by DerickWorkman</title>
		<link>http://grandviewcentral.com/wordpress/2009/03/12/strategic-roadmaps-new-product-strategy/comment-page-1/#comment-18</link>
		<dc:creator>DerickWorkman</dc:creator>
		<pubDate>Wed, 08 Apr 2009 12:59:15 +0000</pubDate>
		<guid isPermaLink="false">http://grandviewcentral.com/wordpress/?p=79#comment-18</guid>
		<description>Thanks for reading! Look forward to comments and more discussions as time goes on.</description>
		<content:encoded><![CDATA[<p>Thanks for reading! Look forward to comments and more discussions as time goes on.</p>
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		<title>Comment on Strategic Roadmaps: New Product Strategy by David Locke</title>
		<link>http://grandviewcentral.com/wordpress/2009/03/12/strategic-roadmaps-new-product-strategy/comment-page-1/#comment-13</link>
		<dc:creator>David Locke</dc:creator>
		<pubDate>Thu, 12 Mar 2009 21:19:59 +0000</pubDate>
		<guid isPermaLink="false">http://grandviewcentral.com/wordpress/?p=79#comment-13</guid>
		<description>I map out the driving trends, and business trends, then overlay it with technology adoption lifecycles to ensure that I have a new technology coming online at the right time in the lifecycle of the prior technology. I can lay out the features, but that would be post-vertical. Prior to that you find productizations, and those productizations find verticals. You can&#039;t drive the productizations. They drive you. The strategic roadmap is all very asynchronous.</description>
		<content:encoded><![CDATA[<p>I map out the driving trends, and business trends, then overlay it with technology adoption lifecycles to ensure that I have a new technology coming online at the right time in the lifecycle of the prior technology. I can lay out the features, but that would be post-vertical. Prior to that you find productizations, and those productizations find verticals. You can&#8217;t drive the productizations. They drive you. The strategic roadmap is all very asynchronous.</p>
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		<title>Comment on Portfolio Management Step 1-List Alternatives by Jim Holland</title>
		<link>http://grandviewcentral.com/wordpress/2009/03/11/portfolio-management-step-1-list-alternatives/comment-page-1/#comment-12</link>
		<dc:creator>Jim Holland</dc:creator>
		<pubDate>Wed, 11 Mar 2009 14:21:51 +0000</pubDate>
		<guid isPermaLink="false">http://grandviewcentral.com/wordpress/?p=69#comment-12</guid>
		<description>This is a strong, but simple approach to managing your portfolios. Many people forget that you have to &quot;first try and identify all of the possible alternatives&quot; before marching off to Decisionville. Great post!</description>
		<content:encoded><![CDATA[<p>This is a strong, but simple approach to managing your portfolios. Many people forget that you have to &#8220;first try and identify all of the possible alternatives&#8221; before marching off to Decisionville. Great post!</p>
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		<title>Comment on 5 Steps to Portfolio Management by David Locke</title>
		<link>http://grandviewcentral.com/wordpress/2009/02/12/5-steps-to-portfolio-management/comment-page-1/#comment-11</link>
		<dc:creator>David Locke</dc:creator>
		<pubDate>Thu, 19 Feb 2009 00:32:49 +0000</pubDate>
		<guid isPermaLink="false">http://grandviewcentral.com/wordpress/?p=66#comment-11</guid>
		<description>If your company has adopted customer relationship management, marketing or sales will have customer managers whose job it is to manage portfolios of customers. They have to segment that protfolio to determine the lifetime value of a customer and how much they will invest in a customer. Whose customers are these? Yours, the PM. 

Marketing communications has to sell the buying criteria in competition with the buying criteria of your competitors. In a sense they manage a portfolio of buying critera and other messaging. Those buying criteria would seem to need a product manager. Whose buying criteria are these? Yours, the PM. 

Similarly, communications channels are sold like a product. You might have a forum where you capture user generated content. So you have protfolios of channels. Whose channels are these? Yeah, yours, the PM. 

And, all of this amounts to networks of investment and transactions whether cash, or info, or one more customer step closer to the sales funnel. Who owns this network? Who coordinates across all these portfolios? Well, you do? Did you notice? 

All of these things, and those minimal marketable feature sets, are just classes of assets that put cash on the table, classes of assets that you manage with the same tool, portfolio management.</description>
		<content:encoded><![CDATA[<p>If your company has adopted customer relationship management, marketing or sales will have customer managers whose job it is to manage portfolios of customers. They have to segment that protfolio to determine the lifetime value of a customer and how much they will invest in a customer. Whose customers are these? Yours, the PM. </p>
<p>Marketing communications has to sell the buying criteria in competition with the buying criteria of your competitors. In a sense they manage a portfolio of buying critera and other messaging. Those buying criteria would seem to need a product manager. Whose buying criteria are these? Yours, the PM. </p>
<p>Similarly, communications channels are sold like a product. You might have a forum where you capture user generated content. So you have protfolios of channels. Whose channels are these? Yeah, yours, the PM. </p>
<p>And, all of this amounts to networks of investment and transactions whether cash, or info, or one more customer step closer to the sales funnel. Who owns this network? Who coordinates across all these portfolios? Well, you do? Did you notice? </p>
<p>All of these things, and those minimal marketable feature sets, are just classes of assets that put cash on the table, classes of assets that you manage with the same tool, portfolio management.</p>
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		<title>Comment on Purpose of Product Management? by DerickWorkman</title>
		<link>http://grandviewcentral.com/wordpress/2009/02/02/purpose-of-product-management/comment-page-1/#comment-10</link>
		<dc:creator>DerickWorkman</dc:creator>
		<pubDate>Thu, 12 Feb 2009 23:29:56 +0000</pubDate>
		<guid isPermaLink="false">http://grandviewcentral.com/wordpress/?p=48#comment-10</guid>
		<description>&lt;a href=&quot;#comment-9&quot; rel=&quot;nofollow&quot;&gt;@David Locke &lt;/a&gt; 
I really like the idea of an offer strategy. I&#039;ve always thought of that as part of the product strategy, but it makes sense to differentiate the two of them. I agree with you as did Stewart about not executing. Product managers have to influence others to execute the strategy. We had a great session on this at the Austin Product Camp. I do still believe that the product manager is responsible for realizing the strategy. They have to use their leadership and influence to get other organizations and people on board and make the strategy a reality. As far as managing people and making sure they&#039;re executing individual tasks, I&#039;ll leave that to the project manager or direct organizational manager.</description>
		<content:encoded><![CDATA[<p><a href="#comment-9" rel="nofollow">@David Locke </a><br />
I really like the idea of an offer strategy. I&#8217;ve always thought of that as part of the product strategy, but it makes sense to differentiate the two of them. I agree with you as did Stewart about not executing. Product managers have to influence others to execute the strategy. We had a great session on this at the Austin Product Camp. I do still believe that the product manager is responsible for realizing the strategy. They have to use their leadership and influence to get other organizations and people on board and make the strategy a reality. As far as managing people and making sure they&#8217;re executing individual tasks, I&#8217;ll leave that to the project manager or direct organizational manager.</p>
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		<title>Comment on Purpose of Product Management? by David Locke</title>
		<link>http://grandviewcentral.com/wordpress/2009/02/02/purpose-of-product-management/comment-page-1/#comment-9</link>
		<dc:creator>David Locke</dc:creator>
		<pubDate>Tue, 10 Feb 2009 22:06:47 +0000</pubDate>
		<guid isPermaLink="false">http://grandviewcentral.com/wordpress/?p=48#comment-9</guid>
		<description>I&#039;d say that we enable the execution of the offer strategies. If it were just product strategy, then the job could scope to project management. But, the scope is much larger than what a project manager would deal with. It&#039;s true that we deal with the world as a project, so we manage this vast project, and the project manager&#039;s project just rolls up into it, as one of the many. Sometimes the project manager&#039;s project isn&#039;t the most important project for that matter. That&#039;s why I&#039;m saying offer strategy. 

Since product managers come late to the game in most startups, the product is pretty much underway, and these days may be responding to price-based competition, commodification, late market pressures and recession. In these situations, the focus must move from being narrowly on the product to a wider view of the offer. Your product doesn&#039;t get to market before it is embodied in an offer. And, once it is just like everyone elses, code may not be the quickest way back to differentiation. 

Strategies have outcomes, economic outcomes. Product managers must be able to move from the details of the offer out through layers of economic indifference and ensure that the econmic outcomes are reaped. Ultimately, it is the economic outcomes that matter most. As you move up from product management, they will matter even more. 

I stress enablement, because product managers don&#039;t execute. The line mangement sees to execution--peope and process. As a product manager, you better not be executing. You influence. You use your influence to inspire and to remove roadblocks--to enable. You orchestrate. You decide. You determine. You legislate. You answer. You get forgiveness for yourself, and for your contributors. You don&#039;t execute. They execute. They know how. You don&#039;t even know the questions to ask about that how. Oh, sure you can code, but is an offer code? Only a tiny bit is code. The rest is anything but code. It&#039;s the contributors that say to themselves &quot;Hey, I&#039;m getting out of be today, because I&#039;m letting the team, my product manager, my company, down.&quot; So provide the leadership, the enablement, and when it is over, have the team stand and take a bow while you and the rest of the room clap. Stand over there with the rest of the romm while you do it. It ain&#039;t about you. 

And, while you are driving the executors, you&#039;ll have your opportunities to influence strategy, so lead your executives from behind. Nobody will notice that brilliant strategy you helped them develop, anymore than they will acknowledge how everything got done without obsticles. 

Frankly, I&#039;m the invisible man, the shepard leader, I ensure the future, and really, nobody notices.</description>
		<content:encoded><![CDATA[<p>I&#8217;d say that we enable the execution of the offer strategies. If it were just product strategy, then the job could scope to project management. But, the scope is much larger than what a project manager would deal with. It&#8217;s true that we deal with the world as a project, so we manage this vast project, and the project manager&#8217;s project just rolls up into it, as one of the many. Sometimes the project manager&#8217;s project isn&#8217;t the most important project for that matter. That&#8217;s why I&#8217;m saying offer strategy. </p>
<p>Since product managers come late to the game in most startups, the product is pretty much underway, and these days may be responding to price-based competition, commodification, late market pressures and recession. In these situations, the focus must move from being narrowly on the product to a wider view of the offer. Your product doesn&#8217;t get to market before it is embodied in an offer. And, once it is just like everyone elses, code may not be the quickest way back to differentiation. </p>
<p>Strategies have outcomes, economic outcomes. Product managers must be able to move from the details of the offer out through layers of economic indifference and ensure that the econmic outcomes are reaped. Ultimately, it is the economic outcomes that matter most. As you move up from product management, they will matter even more. </p>
<p>I stress enablement, because product managers don&#8217;t execute. The line mangement sees to execution&#8211;peope and process. As a product manager, you better not be executing. You influence. You use your influence to inspire and to remove roadblocks&#8211;to enable. You orchestrate. You decide. You determine. You legislate. You answer. You get forgiveness for yourself, and for your contributors. You don&#8217;t execute. They execute. They know how. You don&#8217;t even know the questions to ask about that how. Oh, sure you can code, but is an offer code? Only a tiny bit is code. The rest is anything but code. It&#8217;s the contributors that say to themselves &#8220;Hey, I&#8217;m getting out of be today, because I&#8217;m letting the team, my product manager, my company, down.&#8221; So provide the leadership, the enablement, and when it is over, have the team stand and take a bow while you and the rest of the room clap. Stand over there with the rest of the romm while you do it. It ain&#8217;t about you. </p>
<p>And, while you are driving the executors, you&#8217;ll have your opportunities to influence strategy, so lead your executives from behind. Nobody will notice that brilliant strategy you helped them develop, anymore than they will acknowledge how everything got done without obsticles. </p>
<p>Frankly, I&#8217;m the invisible man, the shepard leader, I ensure the future, and really, nobody notices.</p>
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		<title>Comment on Gaining a Holistic View of the Customer by DerickWorkman</title>
		<link>http://grandviewcentral.com/wordpress/2009/02/05/gaining-a-holistic-view-of-the-customer/comment-page-1/#comment-8</link>
		<dc:creator>DerickWorkman</dc:creator>
		<pubDate>Tue, 10 Feb 2009 12:52:27 +0000</pubDate>
		<guid isPermaLink="false">http://grandviewcentral.com/wordpress/?p=59#comment-8</guid>
		<description>I think that&#039;s a good option. The people on the phone don&#039;t get the same impact as seeing the customer in their environment, but it&#039;s better than nothing. I think another option is to use market segmentation and choose a smaller customer sample to visit. Since this is being used for market research to gather missing information and indentify market needs, it doesn&#039;t need to be a large sample. Once the needs are identified you can always validate them through a survey to a larger sample set. I would target the arenas or segments that are most attractive to your organization and that you&#039;re lacking the most information from. This way you&#039;d get the most out of your customer visits program.</description>
		<content:encoded><![CDATA[<p>I think that&#8217;s a good option. The people on the phone don&#8217;t get the same impact as seeing the customer in their environment, but it&#8217;s better than nothing. I think another option is to use market segmentation and choose a smaller customer sample to visit. Since this is being used for market research to gather missing information and indentify market needs, it doesn&#8217;t need to be a large sample. Once the needs are identified you can always validate them through a survey to a larger sample set. I would target the arenas or segments that are most attractive to your organization and that you&#8217;re lacking the most information from. This way you&#8217;d get the most out of your customer visits program.</p>
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