#metrics #productmanagement
Metrics in Product Management play a pivotal role in assessing and optimizing various aspects of product success. Alok Agrawal, Director of Product Management at toast, underscores the power of metrics in guiding product managers by emphasizing the importance of carefully chosen Key Performance Indicators (KPIs). These metrics, ranging from product success metrics to product analytics, offer valuable insights into the performance and impact of product development initiatives. Crafting effective KPIs for product managers is essential in aligning strategies with organizational goals, ensuring that the metrics chosen truly reflect the health and progress of the product. The thoughtful use of product management metrics not only aids in decision-making but also serves as a valuable topic in discussions like the product manager interview, showcasing a data-driven approach to product management.
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Timecodes
00:00:00 Introduction
00:02:35 About the Institute
00:06:02 Speaker Introduction
00:06:57 What are product metrics
00:09:29 Why metrics matter
00:15:51 Types of metrics
00:37:30 Customer Satisfaction Metrics
00:40:33 Metrics for decision making
00:46:12 Finding right metrics
00:50:37 Input vs Output Metrics
01:02:59 Common mistakes to avoid
01:10:54 Building a metrics culture
01:14:34 QnA
