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A Summary of

Making Good Decisions as a Product Manager

by
Brandon Chu
Black Box Of Product Management
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A Product Manager (PM) is a person who does not necessarily build a product, rather gives decisions in order to make her/his team work efficiently. Most important decisions of PM are to define: 1)   The vision and the impact the team tries to achieve 2)   The strategy the team would use to succeed in its vision 3)   Task prioritization so that the team would know what to and what not to build 4)   The smallest product that can be produced to accomplish the desired impact (MVP)

To become a good decision maker: - Make decisions by acknowledging the right amount of information According to Jeff Bezos, there are 2 types of decisions: Type 1: Hard to undo, e.g., changing the company logo Type 2: Easy to undo, e.g., changing “Sign Up” link to a button - Make quick decisions How to decide if a decision is important or not: - Check the amount of investment/research required for the decision - Foresee the positive AND the negative outcomes of the decision

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