Product Mastery Now for Product Managers, Leaders, and Innovators

Chad McAllister, PhD

Welcome to Product Mastery Now, where you learn the 7 knowledge areas for product mastery. We teach product managers, leaders, and innovators the product management practices that elevate your influence and create products your customers love as you move toward product mastery. To see all seven areas go to https://productmasterynow.com. Hosted by Chad McAllister, PhD, product management professor and practitioner.

  1. 3d ago

    605: Leadership styles for each phase of product development – with Anshul Garg

    Four phases of leadership for product managers Watch on YouTube TLDR Anshul Garg, Principal Product Manager – Tech at Amazon and author of The Four Phases of Product Leadership, shares his practical framework for adapting leadership styles to each stage of the product lifecycle. We explore how product leaders can avoid becoming bottlenecks by flexing their approach as products move from discovery to maturity. Learn how to match your leadership to your product’s evolution and empower your teams for success. Introduction Here’s a reason good product leaders stall out: The leadership style that made them successful at one product stage becomes the very thing holding them and their product back at the next stage. The leadership a product needs in its scrappy, ambiguous early days is not the leadership it needs when it’s scaling — or when it’s mature and needs renewing. Our guest has led product across global organizations and now leads product at Amazon, and he has built a practical framework for matching how you lead to the phase your product is in. His name is Anshul Garg, Principal Product Manager – Tech at Amazon and author of the book The Four Phases of Product Leadership. Summary of Concepts Discussed for Product Managers Why Product Leadership Styles Need to Change with the ProductAnshul describes how product leaders often get stuck by sticking to a single leadership style as their products move through vastly different stages. Products and teams benefit from situation leadership, since they need different types of direction and support as they evolve. Failing to adapt can stall growth or even sink projects. Four Phases of Product LeadershipAnshul describes his leadership framework, which breaks down the product lifecycle into four phases. For each phase, a different leadership style is needed: Discovery: Directive—providing clarity amidst ambiguity and forming a strong vision. MVP: Coaching—empowering the team to find solutions, learning from early customer feedback. Growth: Supporting—enabling leaders within the team, letting go of micromanagement, and scaling effectively. Maturity: Delegating—creating space for team autonomy while staying alert for market shifts to ensure ongoing relevance. Coaching in the MVP PhaseWhen product leaders move from a discovery phase where directive leadership is required, to the MVP stage where they need a more hands-off coaching approach, they can often struggle with letting go of control, navigating ego, and avoiding becoming the bottleneck as a product moves to new stages. Product leaders should realize they are not losing authority or relevance but are actually expanding their skills and impact on the product, because empowering others multiplies a leader’s impact. Supporting in the Growth PhaseBy the growth phase, it is important that supporting leaders have been prepared to lead their teams. The product leader is no longer in every conversation. They enable the supporting leaders to make good decisions. If supporting leaders aren’t trained, the product development process can slow at this point. Anshul says that the role of the leader isn’t to be the smartest person in the room but to make the whole room smarter. Delegating in the Mature PhaseAt this phase, the team shouldn’t depend on the leader for every decision. The leader should instead spend their time closely following how the market is moving. Useful Links Check out The Four Phases of Product Leadership Connect with Anshul on LinkedIn Read Anshul’s blog, The Art of Product Management Register for the PMDA Ignite Innovation Summit. Listeners get 20% off with code PDMACHAD20. Teams of 3 or more also get a discount when registering. Innovation Quote “Make decisions when you have about 70% of the information you wish you had.”  – Jeff Bezos Application Questions Which leadership style do you find yourself most comfortable with, and how has that helped or hurt your products in different phases? Can you recall a time when holding onto your early leadership habits became a bottleneck for your team or product? How do you encourage psychological safety and experimentation during the MVP phase in your organization? What mechanisms have you set up to ensure the transition from supporting to delegating leadership as your product matures? How does your team monitor for shifts in the market that might signal it’s time to reinvent or retire a mature product? Bio Anshul Garg is a Product Leader, Speaker and Author who transforms complex business challenges into elegant digital product solutions. With 19+ years at industry-leading organizations including Amazon, Capital One, and Nationwide Insurance, he has delivered over $100 million in annual business value through strategic product initiatives.  With an MBA from Indian Institute of Management, Mumbai, and an engineering degree from National Institute of Technology Jamshedpur, Anshul combines strategic vision with technical depth, specializing in launching AI-driven zero-to-one products, orchestrating large-scale digital transformations, and leading diverse, cross-functional teams.  Beyond building products, Anshul builds leaders. As PDMA DMV Chapter Head, Advisory Board Member at Products That Count and Brand Ambassador for GIMI, he shares insights on product management, adaptive leadership, and emerging trends. He fosters environments where innovation and personal growth flourish together, building high-performing teams that consistently deliver exceptional outcomes.  Thanks! Thank you for taking the journey to product mastery and learning with me from the successes and failures of product innovators, managers, and developers. If you enjoyed the discussion, help out a fellow product manager by sharing it using the social media buttons you see below. Source

  2. Aug 10

    604: 2026 PDMA Ignite Innovation Summit – with the PDMA Conference Team

    The go-to conference for product managers Watch on YouTube TLDR This episode features the upcoming PDMA Ignite Innovation Summit, a must-attend event for product professionals. I’m talking with conference organizers Spike Ross-Corbett and Bill Reid about this year’s special 50th anniversary conference, the summit’s interactive workshops, keynote speaker, and valuable networking opportunities. Listeners will also hear about the product management and innovation resources offered by PDMA for ongoing professional development. Introduction  In this episode, we’re talking about one of my favorite things — the Product Development and Management Association’s (PDMA) Ignite Innovation Summit. I go to this annual conference because PDMA is the professional association that has taught me more than any other place about how to be a professional product person. PDMA is the professional association for product developers, managers, innovators, and leaders, and they have been researching the product space longer than anyone else. Today, I’m joined by the PDMA conference organizers. Spike Ross-Corbett is VoC strategist at Unum, where his job is to bridge the gap between customer insight and building products. This is his third year as the PDMA summit chair. Bill Reid is vice president at Boulder Imaging, where he manages the hardware team, project management team, and innovation process. This is his eighth year on the summit committee. The PDMA Ignite Innovation Summit will be held October 8-9th, 2026, in Atlanta, GA. Find out more at PDMAsummit.com and use code PDMACHAD20 for 20% off your registration. Summary of Concepts Discussed for Product Managers Inside the PDMA Ignite Innovation SummitSpike and Bill offer an in-depth preview of the PDMA Ignite Innovation Summit, taking place October 8th-9th in Atlanta, GA. The summit is designed for innovators, product managers, and leaders to learn actionable strategies and frameworks tailored for a cross-functional, cross-industry audience. Interactive WorkshopsThis year’s summit features four hands-on workshops: Dr. Bob Cooper on how AI can be integrated into Stage-Gate Anshul Garg from Amazon on four dynamic leadership modes for different stages of product development Brooke Rennison on BMW’s innovation system Bill Reid and Jay Nakagawa from Dell Technologies on making TRIZ (Theory of Inventive Problem-Solving) more approachable Pre-Summit WebinarsPre-summit webinars August 18th and 25th help participants prepare, select workshops, and bring real-world problems to solve. These webinars are available to everyone, not only conference attendees. Check them out at PDMAsummit.com. Outstanding Corporate Innovator (OCI) AwardThe Outstanding Corporate Innovator Award session allows attendees to learn cutting-edge innovation best practices directly from award-winning companies. Keynote Speaker – Dr. Robert CooperThe keynote speaker this year is Dr. Robert Cooper, who will discuss the future of innovation and AI in product development. Celebrating 50 Years of PDMAThis year marks PDMA’s 50th anniversary. The conference will celebrate the last 50 years and look ahead to the next 50 years of product development and innovation. Special events include a panel of past PDMA presidents and a Leaders Roundtable where industry leaders will discuss a playbook of innovation. PDMA Resources & CommunityPDMA offers a wealth of resources for product managers, including classic books, the PDMA Body of Knowledge, the Journal of Product Innovation Management (JPIM), and the K-Hub online knowledge base, available to both members and non-members. Unlike many professional associations, PDMA focuses on a discipline, not a single job title, so it’s open to people working in product management across functions and industries and brings together academics, practitioners, and consultants. One of PDMA’s core pillars is to build the community of innovators and product managers, and the opportunity to make in-person connections at the summit is an essential part of that. Testimonials about the PDMA SummitBill, Spike, and I share some testimonials from attendees of the PDMA Summit: “ The PDMA Summit is a gathering of passionate professionals who are striving to do the best work they can for their organizations. Learning from those with a variety of experience in a variety of industries helps me learn and solve the problems I’m facing in my role. It’s so valuable.” “ As a newer member of the PDMA, I found the Innovation Summit to be an eye-opening experience. The abundance of insight presented from leading professionals was worth more than the price of admission.” “ Connecting with product managers and innovators from various industries opened my eyes to a broader scope of my team’s potential.” Useful Links Register for the PMDA Ignite Innovation Summit. Listeners get 20% off with code PDMACHAD20. Teams of 3 or more also get a discount when registering. Check out free resources in the PDMA kHUB Innovation Quote “Stop the Stupid.” – Doug Hall Application Questions What cross-industry innovation practices could you bring back from a conference like the PDMA Ignite Innovation Summit to your own team? How has hands-on interaction with others, such as in a workshop, changed the way you solve product challenges or how would you expect it to help? Do you have experience with frameworks like StageGate or TRIZ? How do you use them or what else would you like to learn about them? How does connecting with professionals outside your direct industry expand your perspective as a product manager or innovator? What value do you find in professional associations and their resources for your ongoing development as a product leader? Bio Spike Ross-Corbett is the Summit Chair and a member of the Board of Directors for the Product Development and Management Association (PDMA), where he leads the vision and execution of the annual Ignite Innovation Summit. Professionally, Spike is a Product Manager at Portland Marketing Analytics (PortMA), managing SaaS platforms that deliver data-driven insights and operational efficiency. Spike holds a Bachelor of Science degree in Economics from the University of Southern Maine. Before his career in product management, he served in the United States Coast Guard, where he oversaw ordnance programs and training initiatives. He currently resides in Maine.  Bill Reid brings over 35 years of experience in all aspects of product development, from start-ups to global corporations like Ford, GE Aircraft Engines, GM, and Covidien. Since 2007, he has led innovation and consulting efforts through his company, Immersed, and currently serves as Vice President at Boulder Imaging, overseeing hardware engineering, production, supply chain, and professional services. Bill is a certified New Product Development Professional, serves on the PDMA board, and holds degrees in mechanical and aerospace engineering. He is the inventor or co-inventor on 24 U.S. patents and the author of Immersed in the Cave, a self-published book on innovation.   Thanks! Thank you for taking the journey to product mastery and learning with me from the successes and failures of product innovators, managers, and developers. If you enjoyed the discussion, help out a fellow product manager by sharing it using the social media buttons you see below. Source

  3. Aug 3

    603: Survive the AI revolution of product management – with Bob Cooper, PhD

    Will AI change product management forever? Watch on YouTube TLDR In this episode of Product Mastery Now, I’m once again talking with product management legend Bob Cooper about how AI is reshaping product development. Covering recent research and industry trends, we discuss where AI is making an impact, why most AI implementations fail, and what companies can do to successfully integrate AI into product development processes. We also touch on the ongoing importance of customer discovery, organizational change management, and governance as AI tools proliferate. Introduction Every few years, something comes along that people say will change product development forever — anyone remember Extreme Programming? That is only one of many. But, this time, they might be right. AI is now writing code, generating concepts, running analysis, drafting the business case, and writing PRDs — the very work that used to define new product development and management. So what happens to how we build products? My guest has spent four decades studying what actually drives new product success. He discovered the Stage-Gate process, he’s been called the world’s top innovation management scholar, and this October he’s delivering the keynote at the PDMA annual conference in Atlanta. Today we get a preview of that thinking — how AI is reshaping the way products are conceived, developed, and launched.  Summary of Concepts Discussed for Product Managers AI Adoption in Product DevelopmentBob Cooper shares findings from his recent research on corporate AI adoption in product management, which revealed that while interest in AI is high, actual usage is less widespread than expected. Firms are harnessing AI especially in the front end of product development for tasks like market studies, competitive analysis, technical assessments, idea generation, and screening. However, adoption drops in the product design and launch phases, with risk aversion and high costs acting as barriers. After launch, some companies are leveraging AI tools to synthesize customer feedback for future iterations. Why Most AI Implementations FailDespite the hype, failure rates for AI projects are alarmingly high, with some studies reporting 80-95% of AI implementations fail to deliver ROI. Bob unpacks the root causes: Often, IT teams propose that the R&D or product teams use shiny new AI tools, but they don’t actually meet the developers’ needs, so they aren’t implemented. Another limitation on AI specific to product management is faulty data. It’s challenging to use AI to put together data from many sources while ensuring it doesn’t invent any data. Many businesses grossly underestimate the amount of time and energy necessary to get good data. Companies that effectively begin using AI have a clear strategy and goals with committed support from top management. Necessity of Customer DiscoveryBob has noticed that organizations often fail to do adequate voice-of-process or voice-of-business discovery to figure out how AI could help their business. Likewise, companies, especially in software, may think that voice-of-the-customer research isn’t necessary since they can just build products very quickly and see what customers like. However, VOC research remains essential to avoid wasting time and ensure you’re delivering products customers value. Governance and Decision-Making in the Age of AIIn portfolio and project governance, most product leaders are reluctant to give up decision-making to machines. Bob encourages the development of tools that not only gather information but help make sense of it. Bob’s Keynote at the PDMA Ignite Innovation SummitBob will be giving the keynote at the Product Development and Management Association’s (PDMA) Ignite Innovation Summit this October. This year celebrates PDMA’s 50th birthday, and Bob has been involved since the beginning. He authored the first article in the first issue of the Journal of Product Innovation Management and discovered Stage Gate, an integration of successful playbooks for the new product process. Useful Links Learn more about the Product Development and Management Association (PDMA) Learn more about the PDMA Ignite Innovation Summit, October 8-9, 2026, in Atlanta Innovation Quote “AI and product development — don’t give up.” – Bob Cooper Application Questions How are you already using AI, if at all? What tasks in your product development process could benefit the most from AI right now? Which challenges or organizational barriers does your team face when implementing new AI tools? How do you ensure customer discovery remains a priority with increased development speed enabled by AI? In your organization, is your top management for, against, or neutral on AI use in product development? How could your governance processes better leverage AI tools without losing human judgment and accountability? Bio Dr. Robert G. Cooper is the creator of the world-famous Stage-Gate® process, and was named the “World’s Top Innovation Management Scholar by the prestigious U.S. Journal of Product Innovation Management and winner of the best seminar leader of the year at Sweden’s Chalmers Institute in Goteborg. He is also a Fellow of the Product Development and Management Association (PDMA). He has combined practical consulting with ground-breaking research for many years. Besides his best-selling books “Winning at New Products” and “Portfolio Management for New Products”, he has published more than 130 articles on R&D and innovation management. Dr. Cooper is Professor Emeritus at McMaster University in Canada and ISBM Distinguished Research Fellow at Pennsylvania State University in the USA. He is also President of the Product Development Institute offering innovation know-how and support around the world. Many companies in North America, Europe and Asia have introduced his methods, including 3M, ABB, BASF, Bosch-Siemens, Carlsberg, Caterpillar, Diageo, Dow Chemical, DuPont, Exxon Chemicals, HP, Honeywell, ITT, L.M. Ericsson, LEGO, Procter & Gamble, and Swarovski. Thanks! Thank you for taking the journey to product mastery and learning with me from the successes and failures of product innovators, managers, and developers. If you enjoyed the discussion, help out a fellow product manager by sharing it using the social media buttons you see below. Source

  4. Jul 27

    602: Human-centered product design – with Ravi Sawhney

    The Psycho-Aesthetics methodology that helps product managers design products customers love Watch on YouTube TLDR In this episode of Product Mastery Now, Ravi Sawhney, designer and founder of RKS Design, joins me to share his 40+ years of insights on designing products customers love. He discusses the origins of Psycho-Aesthetics, a human-centered design methodology, and demonstrates how deep empathy and understanding of customer aspirations lead to emotionally resonant and commercially successful products. The episode is packed with practical examples, including how Ravi’s team used deep empathy to transformatively redesign the MiniMed insulin pump. Introduction Our guest today, Ravi Sawhney, has spent more than forty years designing products you’d recognize – from Teddy Ruxpin, the first animated talking bear, to RKS electric guitars, which won several design awards and were played by Mick Jagger, Keith Richards, and other artists, to a medical device that changed how an entire category of patients felt about themselves. He started his career at Xerox PARC, working on one of the very first touchscreen interfaces, when it was bleeding-edge technology. Along the way, he developed a methodology, Psycho-Aesthetics, that Harvard now teaches – a systematic way to design products people genuinely love, which is our goal as product professionals. Today, he’s still the founder and CEO of RKS Design, the design and innovation firm he started back in 1980, where he continues to help companies create products that connect powerfully with customers. In this episode, you’ll learn about creating such products that customers love.  Summary of Concepts Discussed for Product Managers Human Behavior Informs Product DesignAt Xerox, Ravi worked on one of the first touchscreens. As he watched customers interact with this new technology and worked with human-centered psychologists, he realized that product design is fundamentally about human motivation and behavior, not just functionality. Great Products Create Emotional ConnectionRavi discusses why a purely functional product often fails to capture customer loyalty. He explains that products must provide emotional empowerment and self-actualization to create memorable experiences and lasting customer bonds. What is Psycho-Aesthetics?Ravi developed Psycho-Aesthetics, a systematic, repeatable methodology enabling innovators to adopt their customers’ perspectives and identify white space opportunities for product development, which are areas of unmet needs. This methodology goes beyond Design Thinking and is structured to be accessible to both product teams and students. Ravi’s group recently released an AI tool called PA-AI to help innovators apply Psycho-Aesthetics. Designed to be scalable and accessible (especially for students), the tool aims to reduce product failure rates by focusing on unmet customer needs. Using Personas with Psycho-AestheticsRavi uses personas to understand customers’ needs. His teams use ethnography to understand a market segment’s key attractors and then write a “help me” statement about the problem they need solved. This process helps product teams understand current needs and anticipate future aspirations, giving them a forward-looking edge. Using Human-Centered Thinking to Redesign the Insulin PumpRavi tells the story of how he and the RKS team redesigned the MiniMed 507 insulin pump. Ravi and others on the design team lived out the experience of diabetic patients firsthand. They used insulin pumps that pumped saline and experienced the social stigma of using these medical devices in public. They realized that patients were choosing not to use the MiniMed insulin pump, although it could improve their length and quality of life, because of the stigma attached to being perceived as ill. The design team modified the device to look like a high-end pager, so patients could use it discretely. Removing the emotional barrier led to dramatic sales growth and improved quality of life for users. Predict the Future and Think GloballyRavi advises product managers to study their customers well enough to know not only what they say they need now but what they will need in the future. He also recommends that product managers think globally and have empathy for customers whose lives are very different from their own. Useful Links Check out Ravi’s books, Psycho-Aesthetics 2.0 and Predictable Magic Learn more about Psycho-Aesthetics Visit the RKS Design website Check out PA-AI Innovation Quote  “It’s not how you feel about the design or experience. It’s how it makes you feel about yourself.” – Ravi Sawhney Application Questions How can you ensure your products create not only functionality but also make emotional connections to users? What methods can your team adopt to better anticipate white space opportunities instead of only reacting to current customer feedback? In what ways could ethnography or becoming the customer improve your understanding of users’ true needs and barriers? How might you leverage AI tools to support, rather than replace, a human-centered innovation process? Reflecting on your current product, what aspects of its experience help the user feel empowered and self-actualized? Where could this be improved? Bio Ravi Sawhney has spent more than forty years at the forefront of product and technology innovation. He is a serial entrepreneur, business leader, author, lecturer, and thought leader on design and innovation. He is founder and CEO of RKS Design, a forty-year-old design and innovation firm that has developed solutions for clients in diverse industries, incubated companies, created licensed products, assembled a high-caliber team of colleagues, and accumulated accolades from the media and design juries. Sawhney is also the inventor of the Psycho-Aesthetics® design methodology, which Harvard Business Press has explored as a business school case study. Psycho-Aesthetics® is the central focus of Predictable Magic, a book co-authored by Sawhney and published by Wharton School Publishing in 2010. Thanks! Thank you for taking the journey to product mastery and learning with me from the successes and failures of product innovators, managers, and developers. If you enjoyed the discussion, help out a fellow product manager by sharing it using the social media buttons you see below. Source

  5. Jul 20

    601: Do this so your voice never fails you again – with Jimmy Cannon

    Vocal techniques to help product managers sound more capable Watch on YouTube TLDR In this episode of Product Mastery Now, executive voice coach Jimmy Cannon joins me to explore why even the most prepared professionals can lose their voice under pressure, and, most importantly, how to regain command in those key presentation moments. Drawing on decades of stage experience and the latest research in voice science, Jimmy Cannon shares actionable tools for breathing, calming nerves, and connecting authentically with an audience, whether you’re leading a team meeting or presenting to your CEO. Introduction My guest today spent decades on stage as a professional musician — playing saxophone and singing alongside artists like Tom Jones and Roger Taylor of Queen — before reinventing himself as an executive voice coach. Today he helps leaders sound as capable as they actually are, especially in those difficult, pressure-filled moments. If you’ve ever walked into a big presentation fully prepared and then watched your own voice tighten up and betray you, this conversation is for you. In this episode, you’ll learn why your voice fails you under pressure, such as when defending a roadmap, and what to do for your voice to be reliable and to sound like an executive.  Summary of Concepts Discussed for Product Managers Why Your Voice Fails YouJimmy explains that although it is important to prepare for a presentation, preparing content will not help you in the moment if your body freezes and your mind goes blank. Often, during public speaking, people experience a physiological response, in which their sympathetic nervous system causes throat tightening and other symptoms. To combat this, Jimmy recommends a method to activate the parasympathetic nervous system. One Idea, One BreathJimmy explains his core technique, One Idea, One Breath. Breath causes the voice to resonate. Jimmy recommends elongating the out-breath, activating your vagus nerve and parasympathetic nervous system, causing your heart rate to lower and calming you. Elongate your phrasing and vowels and use all your breath. Many people take shallow breaths in their chest, but it is more calming to take deep breaths from your diaphragm. Jimmy demonstrates vocal exercises like straw phonation and elongating vowels, to build muscle memory and regulate the nervous system. Many people speak in short phrases. Jimmy recommends preparing what you want to say, and then saying one idea with one controlled, elongated breath. Building Audience ConnectionBreak the fourth wall, such as by asking the audience a question, helps put both the audience and the speaker at ease. Jimmy recommends focusing on the intention of your words, to connect with the audience. Mindfulness for In-the-Moment ConfidenceMindfulness techniques, which Jimmy learned as part of Acceptance and Commitment Therapy, can help anchor you in the present when negative thoughts arise. Jimmy walks through a simple exercise: Notice five things you can see, five things you can hear, and five things you can feel. While doing this, concentrate on deep, long breaths. This exercise can bring you into the present and diffuse negative thoughts. Useful Links Take a free quiz: “How Reliable Is Your Voice Under Pressure?” Attend a free workshop: One Idea. One Breath Book a discovery call to learn more about coaching with Jimmy Innovation Quote “If in doubt, breathe out.” – Ron Morris and Linda Hutchison Application Questions Can you recall a time when your voice betrayed you in a high-stakes meeting or presentation? What did you do? Have you ever tried breathing or mindfulness techniques before a big meeting? What worked (or didn’t) for you? How could practicing “One Idea, One Breath” change the way you present complex information to stakeholders? What strategies have you used to engage your audiences and establish connection at the outset of a presentation? What role do you think authenticity or sincerity plays in influencing others, and how might that relate to vocal delivery? Bio Jimmy Cannon is an Executive Voice and Communication Coach and ACT Practitioner. He helps leaders speak with confidence, clarity, and calm authority by aligning their voice, body, and presence so the message lands every time. His work focuses on leadership communication, confident speaking, and public speaking under pressure. Thanks! Thank you for taking the journey to product mastery and learning with me from the successes and failures of product innovators, managers, and developers. If you enjoyed the discussion, help out a fellow product manager by sharing it using the social media buttons you see below. Source

  6. Jul 13

    600: Winning at new products – with Bob Cooper, PhD

    Lessons from the discoverer of Stage-Gate for product managers Introduction For our 600th episode, we are re-running an episode with a legend in product management, Dr. Robert Cooper, who has made many foundational contributions to product management and innovation. He is the keynote speaker at the next PDMA annual conference, Oct 8-9 in Atlanta, GA – details at www.pdmasummit.com. Dr. Robert Cooper discovered the now famous Stage-Gate process and was named the “World’s Top Innovation Management Scholar” by the prestigious Journal of Product Innovation Management. Besides his best-selling books Winning at New Products and Portfolio Management for New Products, he has published more than 130 articles on R&D and innovation management. He is frequently helping organizations succeed while also holding the role of Professor Emeritus at McMaster University and Distinguished Research Fellow at Penn State University. Summary of Concepts Discussed for Product Managers [3:05] What key challenges are medium and large organizations encountering today when trying to get new products into the marketplace? We’re facing new uncertainty and risks. Companies have to think about what to do short-term to keep the lights on and what to do long-term for bolder innovations. Some companies will retreat and cut their spending by cutting bolder long-term innovations, and we saw in the recession around 2010 that was a bad strategy. In some mature industries, it is increasingly difficult to find opportunities for new products. In the 1920s and 1930s, there was no absence of problems in telecommunications. They couldn’t even send a long-distance call because there were no amplifiers, no vacuum tubes, and no transistors. They had to invent all those things. When you have no absence of customer or user problems, if you’re reasonably intelligent, you can usually come up with the inventions and the necessary breakthrough new products. Today it’s harder in the telecommunications business because there are problems but not as evident as formerly. Other industries like IT are still going strong with many opportunities and problems to solve, but it’s becoming increasingly tougher to find fantastic voids in the marketplace. Another challenge is fortitude of the general manager to keep spending at the same level when it is tougher and tougher to get the return on investment you need. On the other hand, there are all kinds of new technologies like AI, biosciences, and new opportunities in the medical field. These technological possibilities should generate all kinds of new product opportunities. [7:38] What advice do you give leaders about making strategic decisions? There are many risks and uncertainties like the supply chain, market size, and expected profitability. The numbers we put in our business cases are notoriously wrong often by a factor of two. Many business cases are fantasy because there are so many unknowns, which people usually don’t factor in. Take a hard look at how you do your business case in light of increasing uncertainties and build that in somehow. I have a new article coming out on expected commercial value, which builds likelihoods into the business case. How do you estimate likelihoods? We didn’t know how to do it in the past, but now we have estimates from companies like Dow Chemical and 3M. They have put together probability tables that give the likelihood of success under certain circumstances, because they’ve studied enough projects to know. Do the net present value calculations with correction factors for likelihood of success. The other piece of advice is getting the product right. Sometimes people do voice-of-customer analysis and think they understand the customer’s needs, then spend a year designing a prototype, then do field trials and everything goes wrong. The customer’s needs have changed or the customers didn’t understand their own needs. Instead, we recommend iterative innovation. Build something really fast and demo it to the customer to get instant feedback. Get the product out in their face fast, early, often, and cheap. The first version doesn’t have to be the real product. You can create a computer simulation or animation. Show the customer something in the first three weeks of development and repeat every four weeks. Demo to management too because you need their buy-in and support. [13:07] What’s an example of using iterative innovation? Steve Jobs said, “Customers don’t know what they want until they see it.” LEGO has a B2B business called LEGO Education, which sells learning products to schools and teachers. It’s a combination of IT software and LEGO blocks. There was a new product coming out that LEGO had been working on for about four years and couldn’t get right. It was a creative writing curriculum to teach younger children how to be more creative writers. LEGO had several panels of teachers, and they asked them, “What are you looking for in this product?” And the teachers weren’t sure. One of the teachers finally said, “Why don’t you build something and show it to us? And then we’ll tell you if it’s right.” The team got into iterative development or Agile Stage Gate, and it worked very well. [17:46] What do organizations need to rethink about portfolio management? One of the major challenges is having too many projects in the pipeline for available resources. Nobody has the fortitude to say no, so the default option is to do them all. By doing them all, we guarantee they’re all late. When you do a portfolio review and re-rank all the projects, you find out that a few of them that look shiny and bright at the beginning are not quite so shiny and bright over time. Maybe it is time for a tough re-review of the entire set of projects to kill some of them to benefit the whole portfolio. You can rank the projects from 1 to 15, lop off the bottom 5, and reallocate the resources to the top 10, but who has the guts to do that? You’re going to be annoying or discouraging somebody. But let’s face it, some projects are the bottom third and maybe their resources are better spend on the the top two thirds. You have to have buckets and rank each bucket separately because you can’t compare minor modifications and bold innovations. Someone has to have the method and the guts to do this re-ranking and get top management on board. Those meetings are pretty tough, especially the first one, but it has got to be done. Otherwise your projects are going to be late or under-resourced, and success rates will go down. Use a good method for ranking projects. Have a tough portfolio manager. Have a good data system. Often, when projects go through gates or portfolio review, the only criteria for go are “Is it on schedule?” and “Is it on budget?” Those are the the wrong questions. They’re backward-looking questions. Instead, ask forward-looking questions like, “Does this project still offer great value to the company?” and “What’s the financial value going forward?” Net present value and productivity index are good metrics for that. [22:55] What bucket approach do you use? The first key step is knowing where your money and resources are going now. Make a pie chart of the breakdown across the buckets by numbers of projects, a second pie chart of where the resources are going, and a third pie chart of first-year sales for new projects. Often, you might find that where the sales are coming from is not where the resources are going. You might be putting most of your seed on the worst fields. [28:03] What do people misunderstand about Stage-Gate that you would like them to know? The Stage-Gate process came from stories of successful entrepreneurs and teams. These projects had bold and assertive project leaders and teams that did everything right and had huge successes. Today companies have lost that entrepreneurial risk-taking approach. They’ve burdened their Stage-Gate process with too much paperwork and check-the-box exercises. Get rid of non-value-added work. Apply Lean principles. Map out your process beginning-to-end on a big roll of paper or post-it-notes. Get rid of all the unnecessary stuff. It only takes about a day to do that exercise and then a little longer to improve the process. Before you get into Agile, get your process working right. Action Guide: Put the information Bob shared into action now. Click here to download the Action Guide. Useful links: Visit Bob’s website Check out the PDMA Handbook 4th edition Innovation Quote “There are two ways to win at new products. The first way is ‘doing projects right’—and that’s what Stage-Gate is all about—a stage-by-stage process to drive new products to market effectively. The second way is ‘doing the right projects’—and that’s about project selection, making the right investment decisions, and portfolio management. The problem here is that management’s batting average is worse than the toss of a coin—only 25% percent of projects approved for development become commercial successes! Let’s see how to do both ways to win better.” – Bob Cooper Thanks! Thank you for taking the journey to product mastery and learning with me from the successes and failures of product innovators, managers, and developers. If you enjoyed the discussion, help out a fellow product manager by sharing it using the social media buttons you see below. Source

  7. Jul 6

    599: Replace your limiting beliefs with liberating beliefs – with Nir Eyal

    Choose useful beliefs to become a better product manager Watch on YouTube TLDR In this episode of Product Mastery Now, three-time returning guest Nir Eyal discusses his latest book, Beyond Belief. The conversation dives into how our underlying beliefs shape our actions, careers, and the products we build, with science-backed strategies for challenging limiting beliefs, reframing workplace motivation, and building liberating beliefs that help teams thrive. Introduction There are guests you have on once. And there are guests you keep coming back to because as the field keeps moving so do they. Nir Eyal keeps moving, learning, and informing us on how to make better products and how to be better ourselves. Twelve years ago he joined me on episode 30 to talk about Hooked —  how great products are built on human behavior, not just features. He came back on episode 259 for Indistractable — how we take our attention back in a device-filled world.  Now he’s gone deeper. His new book is Beyond Belief — a science-backed look at the hidden assumptions that decide what we think is possible and how our psychology impacts what we can accomplish. And for product managers and leaders, the beliefs we carry about our work, our teams, and ourselves shape everything we accomplish, including the products we ship. Summary of Concepts Discussed for Product Managers Nir’s New Book, Beyond BeliefNir’s newest book, Beyond Belief, was inspired by conversations with people who had read his previous book, Indistractable, and complained that it didn’t work for them, despite not having actually tried any of the practices the book recommended. Nir wondered why, in an age when we know so much, we often fail to put information into action. What Are Beliefs?Nir distinguishes between facts, faith, and beliefs. He defines facts as objective truths, faith as convictions that do not require evidence, and beliefs as convictions that are open to revision based on evidence. Beliefs are malleable. Nir explains that many problems come from not realizing that many of the things we think are facts are actually beliefs. In order to change our behavior, we should ask ourselves, “Is this belief serving me or hurting me?” Beliefs change what we see. If you don’t believe something is possible, you won’t stay motivated to do it. Long-term motivation requires a behavior, a benefit, and belief. You must believe that you are capable of performing the behavior and that by doing so you will receive the benefit. The Three Powers of BeliefNir introduces three powers of belief. Attention: Our beliefs change what we see. Anticipation: Our beliefs change what we feel. Agency: Our beliefs change what we do. Together, these powers of belief determine who we become. Preparing for the PainNir critiques “manifesting,” which focuses on outcomes. Research shows that envisioning outcomes makes people less likely to achieve those outcomes. A more effective practice is focusing on the process needed to achieve those outcomes. This is how athletes prepare for an event — they visualize what they are going to do and how they are going to react when something goes wrong. Nir recommends that in a business context, leaders should help their teams “prepare for the pain” rather than fixating on the ends. When we believe the pain can serve a purpose, it does not become suffering. Top performers feel the same pain as everyone else, but they believe it serves a purpose, and can therefore sustain motivation over the long term instead of quitting. Reframing Negative BeliefsNir recommends a technique called the turnaround to help product leaders turn limiting beliefs into liberating beliefs. When you’re experience pain, such as being stuck in your career, instead of focusing on your suffering, ask yourself, “What is the benefit here?” Maybe you have more time to spend with family or extra time to look for another job during a time of rapid change. These reframed beliefs increase motivation and decrease suffering. Nir recommends collecting a portfolio of perspectives to ask yourself, “Could the opposite of what’s causing your suffering also be true?” Beliefs can be useful even if untrue. For example, Amazon uses the belief, “It’s always day one.” This isn’t true, but it is useful. Liberating beliefs don’t have to be true but they can be aspirational and are open to change based on the evidence. Useful Beliefs for Product TeamsNir describes how product leaders can help their teams adopt useful beliefs. Leaders should have beliefs that they are willing to sacrifice for, that the team will stake their reputation on no matter what. This beliefs should be specific and fitting to the organization. Useful Links Check out Nir’s book, Beyond Belief: The Science-Backed Way to Stop Limiting Yourself and Achieve Breakthrough Results Get a free five-minute belief change guide Get bonus content and the 30-Day Belief Transformation Journal Visit Nir’s website Connect with Nir on LinkedIn Innovation Quote “Beliefs are tools, not truths.” – Nir Eyal Application Questions What are some beliefs you hold about your role or your product that might be limiting your possibilities or team outcomes? How does your team approach setbacks or failures—do your shared beliefs encourage learning, or do they focus on blame and avoidance? In what ways could you introduce liberating beliefs within your organization, and how would you measure their impact on motivation and results? How can you distinguish between facts, faith, and beliefs in your day-to-day product decisions? Where might you be treating beliefs as facts? What team or company-wide beliefs (spoken or unspoken) have you noticed, and how do they help or hinder your team’s success and innovation? Bio Nir Eyal is a globally recognized authority on behavior change and human potential. His frameworks have empowered millions to build better habits, enhance focus, and unlock greater agency in their lives and work. A former lecturer at the Stanford Graduate School of Business and the Hasso Plattner Institute of Design at Stanford, Nir has collaborated with leaders and organizations worldwide to boost performance through behavior design.  He is the New York Times bestselling author of the international bestsellers Hooked: How to Build Habit-Forming Products and Indistractable: How to Control Your Attention and Choose Your Life, which have sold over one million copies in more than 30 languages. Hooked was a finalist for the 2014 Goodreads Choice Awards. Indistractable won the 2019 Outstanding Works of Literature (OWL) Award and was named one of the Best Business & Leadership Books of the Year by Amazon, Audible, and The Globe and Mail. His third book, Beyond Belief: The Science-Backed Way to Stop Limiting Yourself and Achieve Breakthrough Results, became an instant New York Times best-seller and reveals how to identify and replace the hidden beliefs that define our limits.  As a seasoned entrepreneur and angel investor, Nir has backed multi-billion-dollar companies, including Canva, Kahoot!, and others. In addition to blogging at NirAndFar.com, his writing has been featured in The New York Times, Harvard Business Review, The Atlantic, and Psychology Today. For over 25 years, he has worked alongside his wife and business partner, Julie Li.  Thanks! Thank you for taking the journey to product mastery and learning with me from the successes and failures of product innovators, managers, and developers. If you enjoyed the discussion, help out a fellow product manager by sharing it using the social media buttons you see below. Source

  8. Jun 29

    598: Every product manager should care about innovation portfolio management – with Noel Sobelman

    Innovation portfolio management connects strategy and execution Watch on YouTube TLDR In this episode, I’m interviewing Noel Sobelman, author of Innovation Portfolio Management, about how organizations can bridge the gap between strategy and execution through effective innovation portfolio management. We discuss the structure, governance, and decision-making processes behind managing innovation portfolios, practical insights from real-world examples, and the growing impact of AI on portfolio management. Introduction Most leaders will tell you innovation is a top priority. But ask a more pointed question: is your portfolio actually funding the right bets? In many organizations, that will show how little of a priority innovation actually is. The money keeps flowing to safe, incremental projects while the bets that could grow the business are ignored.  My guest has spent 35 years closing that gap. Noel Sobelman is an innovation and product development lifer. He ran product lines at Motorola and Honeywell before spending 25 years helping companies systematically innovate, now as a partner at Accel Management Group. He’s the author of a new book, Innovation Portfolio Management: Linking Strategy to Execution. We’ll discuss how you actually build an innovation portfolio. Should your big innovation bets live separately from your existing products? And how AI is impacting portfolio management. Summary of Concepts Discussed for Product Managers Every Product Manager Should Care about Portfolio Management:Noel explains that portfolio management affects product managers every day, even if they’re not directly in charge of the portfolio. Portfolio management determines which projects get resourced, and product managers need to be able to advocate for the products they believe should be prioritized to best meet customer needs. It is important for product managers to understand the selection mechanism used in portfolio management, so they can champion their ideas effectively and help the company make strategic trade-offs. Connective Tissue between Strategy and Execution:Noel breaks down how strategy set at a corporate level cascades through business units and product lines, emphasizing the need for clear decision-making structures. Practical tools and routines such as quarterly portfolio reviews allow organizations to regularly adjust their portfolio in response to market shifts, resource constraints, and emerging technologies. Real-World Example: Medical Device Company:Noel describes a medical device company whose top-down business goal to grow 10% year-over-year was not supported by the safe bets and incremental innovation that each business unit was doing. The company fixed this by agreeing on evaluation criteria to prioritize projects. They used quarterly decision-making forums to connect strategy and execution and decide on their portfolio. An analysis team made recommendations about product prioritization to the decision-making team. Using these improved processes, the company shifted resources toward breakthrough initiatives, increasing its opportunities for growth. Organizing and Managing the Portfolio:Businesses can organize their innovation into core, adjacent, and transformative categories. An organization should choose how to allocate these resources to these categories based on how aggressively they want to grow. Noel explains that organizations often need separate portfolios and governance structures for disruptive innovation versus core business. Accurate data is essential for making informed prioritization decisions. AI in Portfolio Management:AI’s rapid evolution demands even more agility from portfolio management. Noel notes that not only does AI create new business opportunities, but portfolio management tools are now incorporating AI to help forecast resources and optimize project decisions. Useful Links Learn more about Accel Management Group Preorder Innovation Portfolio Management: Linking Strategy to Execution (released September 22, 2026) Connect with Noel on LinkedIn Innovation Quote “Fall in love with the problem, not the solution.” – Ash Maurya and others Application Questions How well do you understand your organization’s selection criteria for deciding which projects to fund or terminate? What role do you play in communicating customer needs or market changes that could impact portfolio priorities? When was the last time your team revisited its roadmaps or priorities in response to new technologies like AI? Have you experienced projects that linger without delivering value? What steps could help identify and address them? If you could change one thing about your organization’s approach to portfolio management, what would it be and why? Bio Noel Sobelman works with corporate leaders to accelerate core business vitality while simultaneously building new sources of growth. For the past 30 years, he has worked in growth strategy, innovation capability building, portfolio management, organization design, ecosystem development, and digital enablement. He is widely recognized for bringing a practical, actionable approach to companies looking to ignite change.   Thanks! Thank you for taking the journey to product mastery and learning with me from the successes and failures of product innovators, managers, and developers. If you enjoyed the discussion, help out a fellow product manager by sharing it using the social media buttons you see below. Source

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About

Welcome to Product Mastery Now, where you learn the 7 knowledge areas for product mastery. We teach product managers, leaders, and innovators the product management practices that elevate your influence and create products your customers love as you move toward product mastery. To see all seven areas go to https://productmasterynow.com. Hosted by Chad McAllister, PhD, product management professor and practitioner.

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