Great Product Managers are adept at two types of thinking patterns:
1- 10% thinking
2- 10X thinking
10% thinking is used for solution optimization. This is when you're trying to get incremental improvements in a given system.
Ex: A fashion marketplace is helping users find items a specific celebrity wears.
10% thinking would come up with a solution like:
On the other hand, 10X thinking is used for raw innovation.
Here, you're not chasing the single digit notches. You're hunting for exponential bar-raising.
Ex: For the same problem as above, Camfinder allows users to pop in a photo of a celebrity wearing the article which it will identify via Computer Vision & then share purchase links.
Yes, the vision part isn't easy. However, that's the price you have to pay for exponential impact.
Misconceptions about 10x thinking:
But how does one change gears to 10x?
When you're in 10% optimization mode, you're limited by the constraints you have accepted as the baseline.
To move to 10x:
Here's an example:
Product: Audio / video editing tool
Problem: Audio editing in videos isn't easy for less savvy users. Often, people have to re-record audios which is taxing.
What's the job to be done?
I want to edit my audios in quick time without having to learn a complex tool.
Accepted baselines/constraints:
Videos/audios are edited on a timeline sequencer with a cursor. This timeline has multiple layers for audio and video.
Make the timeline sequence more user-friendly with auto-suggestions & keyboard shortcuts. Process audio to cancel out background noise and trim the ends to reduce editing workload.
Now, gear shift.
Knock down constraint?
Do people even need a timeline to edit?
What's easier to edit for the target audience?
Editing documents. Modifying text is super easy.
1- Generate full transcript of the audio.
2- Enable users to delete/modify a word like in a document. Have the product reflect the changes made in text back into the original audio.
Who has employed this 10X thinking?
Descript - an audio/video editing tool which allows you to edit video/audio just like how you would use MS Word.
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Staying too long on 10% thinking can slip a Product Manager into a slope of diminishing returns. Thus, when incremental value starts receding, you might want to put the 10x hat for a while.
As a Product Manager, you might be asked a lot of questions during an interview. One of them includes technical questions. Here are 4 types of technical questions that you might come across.