Product Management *

This is the first post in a series on Business Process Management (BPM). Having worked as a business analyst and product manager in various companies ranging from middle-sized startups to big corporations, I have observed differences in approaches to business process management - from almost complete disregard to excessive attention. So, I decided to share my views on the topic, why I think BPM is important, especially when a company grows fast and switches from the startup stage to a grown company, and what approach I think might work for a company of average size without involving too much time and resources.

I believe listicles have a huge potential for testing demand hypotheses. Have you tried using listicles for your demand validation? If so - let us know in the comments how this worked for you.

Do you know these "Top N something something" kind of articles? Like:
- 5 best GPS vehicle trackers
- The 14 hair growth products that actually work
- Top 10 Best CRM Software Tools in 2023
They are often referred to as "listicles" - articles presented in the form of a list.

I love them - they make picking a new phone, a movie to watch, an app to install much easier. I also use them at work all the time while looking for solutions to everyday challenges.

So what if we use one of them to benchmark our product against the best available alternatives?

Product Backlog Refinement. Is it worth the effort or a simple waste of your team's time? Vladimir Zolotopupov, Head of Analytics for Innotech's Automation Department, shares his team's experience and describes how they handle the PBR process.

This question comes up for a lot of us as we trying to advance our career and reach new heights. At the moment when I was challenged by it, I came across a wonderful book by Edmond Lau "Effective Engineer".

As always going through the book, I write new thoughts down. And today I want to share the compilation of things that I have found useful from the book. This is by no means an ad for the book, but I think it has some really interesting approaches for us to explore together.

Creating a product startup can be an exciting experience, but it can be a daunting one as well. On average, only 1 out of 10 startups is successful, according to the Global Startup Ecosystem Report. Therefore, to raise your prospects, there are quite a number of important considerations to make in advance. 

Bearing in mind everything you need when launching a startup is a challenging task, so it’d be a sound idea to rely on some well-established methodology. That's why we were inspired by the Systems Engineering methodology, presented in such industry standards as ISO 15288 and CFR21. In this article, we’ll make a brief overview of this methodology and highlight how it can help entrepreneurs to encompass and structure the process of creating and developing a startup.

Nowadays a lot of product managers have to confirm most of their decisions with AB-tests. Yet, it is far not always clear how to choose the parameters for the test. A particularly difficult parameter to tune is often the level of statistical significance. If we choose too high level - tests will fail even though improvements do exist. If we choose too low level - we'll be getting lots of "confirmations" of false improvements.

When we make decisions based on AB-tests, once in a while we'll be making mistakes. We can limit the losses caused by such mistakes by choosing the appropriate level of statistical significance.

Starting a startup can be tricky. To make money, you need clients. To attract clients, you need a portfolio. To have an attractive portfolio, you need to… Well, you see where I’m going with this. A lot of founders offer their services for free to escape this cycle. However, there are plenty of issues with this approach. It’s certainly not the silver bullet it might seem. Here we are discussing this topic in detail.

The step has been made. Not sure where to, but for sure from the point of no return. Keep calm and keep walking. It is about time to look around and understand the smelly and slippery route before you. And what are those noisy creatures swarming around our fishy “innovative” design we called Mandelbrot blueprint? You don't get a buzzing noise like that, just buzzing and buzzing, without its meaning something.

PMP exam = your own project

Time

Research

• Puzzle Games
• Car Games
• Fighting Games

• Risks are analyzed in advance, not at the end.
• Products are defined and designed collaboratively, not sequentially.
• The team works on solving the problem, not on implementation.

Did you know that 72.1% of Internet users prefer to dwell on websites translated in their native language? That’s a lot of people.

But that’s fine. You see, with today’s technologies you can translate your text into any language you choose. “Okay, so what?” — well, people who browse products described in their native tongue tend to trust those seller companies more.

So, by localizing your content, you can tremendously increase the number of your clients, sales, and, of course, grow your business. And the truth is that the localization industry is also evolving along with other digital businesses.

To prove it, we at Alconost have researched and listed the top 5 localization trends you can take advantage of in 2020. Let’s dive in!

6 Steps for Successfully Wrapping up a Software Development Project

1. Document future needs

How do we know when a product is solving a significant problem in a growing market? Do we need to build a brand and defend it with barriers against competitors? Read further in this article.

Notes on Des Traynor’s talk from Web Summit on developing a product strategy based on his experience at Intercom. The original article has been written by Vit Myshlaev and translated by Alconost.

How do you know when you’re really solving a significant problem?

If you can’t answer in the affirmative to the below three questions regarding your product, it makes no sense to move forward:

• It is viable. Can it make money?
• It is feasible. Can it be done?
• It is desirable. Does anyone want it?

Should you act first and think later, or vice versa? Knowing these little tricks when designing your game could save you a fortune.

We’ve written this article as a tribute to numerous questions from our clients.

What’s wrong with my game? Why isn’t localization enough? How can we fix it?

Cutting corners when bootstrapping a new game is a widely-used strategy. And it might even be an efficient one, as long as you aren’t planning to grow incrementally.

However, shortly after the long-awaited local release is in the bag, most game developers start thinking about how to attract more international gamers. And sooner or later, after taking a crack at promoting their game in more countries, they come up with several ideas for localization.

Now more than ever, e-commerce is an AI innovation game

Interesting E-commerce Stats:

With an estimated global population of 7.7 billion, 25 percent of people shopping through e-commerce stores. According to Statista, 52% of e-commerce stores will have omnichannel capabilities by 2020 which means they can communicate and sell with their consumers via multiple channels. For example, they can use their e-commerce website, Facebook e-shop, email account, and Instagram account.