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Lenny's Podcast Cast

05/02/25

@ Lenny's Podcast

In the preparation step of the big S strategy, form a working group to analyze long-term trends and conduct interviews with senior leaders to understand their vision for the future.

Video

The operator’s guide to product strategy

@ Lenny's Podcast

The operator’s guide to product strategy

05/02/25

Related Takeaways

Lenny's Podcast Cast

05/02/25

@ Lenny's Podcast

The 'big S strategy' process is more aspirational and takes about six months, focusing on long-term vision and mission rather than just immediate problem-solving.

Lenny's Podcast Cast

05/02/25

@ Lenny's Podcast

The preparation step for crafting a strategy involves assembling a core strategy working group and conducting a kickoff meeting to clarify roles and expectations.

Lenny's Podcast Cast

05/02/25

@ Lenny's Podcast

The product roadmap combines both immediate and long-term strategies, allowing for parallel execution of small S and big S work.

Richard Rumelt

01/21/24

@ Lenny's Podcast

The process of developing a strategy should involve gathering diverse perspectives and identifying key challenges to focus on.

Lenny's Podcast Cast

05/02/25

@ Lenny's Podcast

To roll out and operationalize the strategy, first review it one-on-one with key gatekeepers to ensure their support, then conduct a group review with all stakeholders for alignment.

Lenny's Podcast Cast

05/02/25

@ Lenny's Podcast

To address the challenge of justifying strategy work, product leaders should plan ahead, break down steps for stakeholders, and contextualize the time investment against long-term benefits.

Lenny's Podcast Cast

05/02/25

@ Lenny's Podcast

Leadership interviews are crucial for gathering insights, as key leaders often have valuable wisdom that can inform the strategy process.

Lenny's Podcast Cast

05/02/25

@ Lenny's Podcast

The strategy sprint is the core of the strategy process, where the strategy working group selects strategic pillars based on identified problems and opportunities.

Lenny's Podcast Cast

05/02/25

@ Lenny's Podcast

The strategy working group design lead heads up the design sprint, while others participate, ensuring clear alignment on inputs and outputs throughout the process.