The 34th Edition - On Executive Dashboards, Eigenquestions & the Product Management Nightmare
Did you know how much market cap has Peloton lost?
Once a darling of the COVID lockdowns, Peloton has lost $35 billion in market cap in 2 years. In a public presentation, the board rips into Peloton’s CEO and his mistakes. Sad & fascinating. (source)
Read: Over the Past 12 Months, I Have Read 71 Non-fiction Books. 90% Of Them Weren’t Worth It. Save Yourself the Time and Just Read These 7
Shameless self-plug this time.
I’ve written a short thread highlighting 7 books that I think you should read.
It’ll take you less than 1 minute to skim & add to your Kindle. Check it out.
Watch: Why Executive Dashboards Fall Flat
While this short 4 min video is slightly sales-y at the end, it illustrates the mental model that I wish was articulated in all the various OKR books and tools.
We’re just finishing our OKRs for the new quarter, and I’ll be sharing this with my team on Monday, so they can make the connection with the backlog (the Initiatives) and the rest of the system.
Remember
Questioning + Action = Innovation. Questioning - Action = Philosophy
Warren Berger, author (source)
The Self wishes to create, to evolve. The Ego likes things just the way they are.
Steven Pressfield, author (source)
Consider
Eigenquestions & 2x2s: Another shameless plug. My exploration of how to use “eigenquestions” & 2x2 matrices to generate robust strategies (source)
Marketing & Bias: Some of the ways marketing taps into the cognitive biases:
Ikea stores are deliberately placed on the outskirts of cities. The extra effort to get there incentivises customers to make the most of their trip.
A peloton costs $2000. The subscription costs $39/mo. So, either, you're locked in, or you admit to your spouse you've thrown away $2000.
Uber's map didn't reduce waiting time but it did make waiting less frustrating. The uncertainty of waiting bothers us more than the duration.
(more in this amazing newsletter)
Product Management Nightmare: If you’re in product, you will probably relate to this playlist (read the song titles 👀) (source)
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Have a great week ahead & see you next week.