Product leadership as a competitive strategy can sound challenging. So in this post, I’m highlighting how you can use product leadership to support your business.
Continue reading to know more about the topic.
What Is Product Leadership?
Let’s face it. Many people in product roles want to be seen as leaders. But what do you mean when you say you want to be a product leader?
Product leaders are responsible for three areas: product strategy, product vision, and product roadmap.
All these three areas play a critical role in the success of any product. And that is why every product manager has to be a strong leader.
The truth is that you can’t do it alone. Being a product leader is about getting the team to share your vision and work together to get there.
How to Be a Product Leader
The first step in becoming a product leader is to build trust with your team. You have to be able to inspire your team. Especially through continuous learning and sharing what you’ve learned.
You have to have the courage to take big risks and make big bets. And you have to be comfortable taking risks—even if you fail—and being open to change. Even if that means changing course completely.
A great product leader has the courage to:
- Take action on what they see, or risk being pushed out by the status quo,
- Switch focus when circumstances change, or risk getting stuck in their ways,
- Eliminate features, or risk doing too much.
It’s not always easy for leaders to talk tough. But people will respect and follow you all the more for it. And it’s hard for leaders to admit when they’re wrong, but people will respect you for your humility.
It’s not always easy for leaders to put their heads down, work hard, and do the work. But people will respect you for it all the more.
And it’s hard for leaders to admit when they’re wrong. But people will respect you for your honesty.
The Value of Adapting Product Leadership as a Competitive Strategy
Adapting product leadership as a competitive strategy can have its challenges. But it’s absolutely worthwhile. It’s where the real value is: moving from being just a product manager to becoming a product leader.
It’s not easy, but it will make you feel like you’re contributing to something great. And that’s not something everyone can say they get to do.
So, if you’re ready to make your mark in the world, here are five steps you can take today:
- Focus on big-picture thinking and strategy
- Build trust with your team
- Commit to continuous learning and sharing what you’ve learned
- Be comfortable taking risks
- Have the courage to take action on what you see.
Wrapping Up
If you’re ready to make your mark in the world, then be a product leader.
You can do it by focusing on big-picture thinking and strategy, building trust with your team, committing to continuous learning and sharing what you’ve learned, being comfortable taking risks, and having the courage to take action on what you see.
What are your thoughts? I would love to hear from you in the comments section below.