PM School - Favorite Product and How would you improve it? | Product Improvement questions
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- เผยแพร่เมื่อ 1 ก.ค. 2024
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In this video, we’ll take a look at Product Improvement | Favorite Product questions in PM Interviews and how to approach them!
0:00 Introduction
0:20 What are Product Improvement questions
0:36 Sample Question
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PM School is the leading platform for Product Management aspirants in India, founded by BITS Pilani and IIT Bombay graduates. We believe Product, as a discipline, is best taught by industry practitioners. Our Live Program has produced PMs who now work at top companies like BYJU'S, Reliance Jio, Ninjacart, Games24x7, Classplus and Freecharge to name a few.
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I have gone through so many TH-cam channels but your explanation is so concise. As an experienced product manager I feels you're doing such a wonderful job in educating the Indian audience about Product Management. Keep up the great work 👏
Brilliantly explained. The rationale behind favourite product is so on point. I just love it :)
This series and channel is amazing guys! Please keep up the good work! :)
I also solved the case from my end and here is my solution for ppl reading less than 6 books/year.
*Introduce reward based weekly emails for the readers*
How will this help ? We'll provide simple reader's success metrics.
What are those metrics ?
1. #no.of mins spent on kindle
2.#no.of books read/ quarter
3.#no.of genres read
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This email will also send information regarding what people are currently reading, what are the top 5 books/ genre.. etc.
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This approach will help remind users to come back to reading, improve their engagement, buy new books and thus improve revenue.
How is this solving for revenue ??
This is more like solving your engagement problem!!
nice video but the solutions are a bit disconnected from the goal. how do these improvements help the revenue? It would be the same answer if the goal is like say, adoption or engagement. I think if the goal is revenue, better focus on monetization or how to explore additional revenue source.
Awesome framework!
Vague solutioning and not sure how it is helping with the goal in place and catering to targeted user segment
Fantastic
Thanks a lot for the structured approach :) Just not clear on the exclusive content that can be put out for author fan groups that can be both consumed in Kindle and for which users would pay for, as its not exactly an interactive medium.
Also do we have to highlight/call out if any of the improvements that we are suggesting adversely affects some other feature of the product? Or do we have to consider these improvements in isolation?
Hey Aravind,
Yes, you're absolutely right! Kindle isn't an interactive medium. The term 'fan club' might have implied that there would be some form of interaction between fans themselves or with the authors.
But the idea was to just have content (stories) by famous/leading authors published exclusively on the Kindle, which would incentivise some of the readers/fans to go ahead and buy the Kindle as they'd now want to read those exclusive stream of stories. Hope this helps!
On the 2nd question, yes(!), it is always a good idea to talk about how your improvements would cannibalise the existing features of the product. You can talk about this in the Trade-offs section of your answer after you've listed down the solutions!
@@pmschoolx Thanks for the clarification. Makes perfect sense now :)
🤯
Very high level and incomplete.
1. Did not create evaluation criteria for solutions
2. Did not tie back solution to improvement goal of increasing revenue
3. Did not talk about measurement of success
Thanks a lot for the feedback :) We will definitely work on those :)
Video should have a better title
it has now :)
Please for God's sake disable the music playing in the video. It's super distracting.