To 10x Your Profits Start with Retrospectives
Well-run retrospectives can lead to a 20-25% average improvement in team performance.
And yet most teams don’t do regular retrospectives. Why?
It’s because 20% is boring.
A 20% improvement isn’t enough to get the team to change its behavior. And it’s not enough usually to get your prospects to decide to buy your product.
In this episode I give you some ideas on how to turn that 20% improvement into a factor of 10 improvement. And how that can lead to a 10x increase in profits.
This episode is based on a post I wrote many years ago on The Secret Product Manager Handbook site. But I never really covered the material in the podcast, so here it is.
Useful links related to retrospectives, persuasion, and numbers
- A good podcast episode on retrospectives
- The “Order of Magnitude” Rule of Thumb
- “Creating value” Means Eliminating A Problem Completely, Not Making It 5% Better.
- 3 Simple Steps To Make Your Customer Stories 10x Better
- The Pros of Debriefs from the Afterburner blog (because they couldn’t think of any cons).
- Also from the Afterburner blog, Debrief Meetings? Ain’t Nobody Got Time for That.
- Quick Take: What common practice has been found to increase team performance by 20%? blog post by Wendy Hirsch, linking to the meta-analysis of 46 studies on debriefs (also called after action reviews or lessons learned), Scott Tannenbaum and Christopher Cerasoli that I mentioned in the episode.
Resources I mentioned in the episode
If you are just getting into product management, or you’re busy leveling up into more senior PM positions, don’t forget there are a ton of resources in my previous episodes – on storytelling, persuasion, prioritization, working with developers, working with marketers – and on my website The Secret Product Manager Handbook.
And if you want to accelerate your product management career, go to calendly.com/nilsdavis/consultation for a free 45 minute coaching and discovery call. No obligation.
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