3 Prompts to help Teams
|
Dear Reader,
In theory, distinguishing KPIs from OKRs should be simple. KPIs are reactive metrics you monitor, but only act on when they exceed or drop below a certain threshold. Think revenue or conversion rate. Objectives and Key Results (OKRs) contain proactive metrics that help you measure your progress towards strategic priorities. Consider revenue from a particular product or the conversion rate at a specific funnel step.
However, even with that simple definition in place, it can be challenging for teams to establish proactive metrics when drafting their OKRs. But instead of dwelling on the "correct" starting point, I recommend meeting teams where they are and helping them turn existing metrics into OKRs through simple prompts that challenge their strategic thinking.
Ask: “Where can we narrow our focus to a specific group, step, or behavior that impacts this KPI?”
Instead of tackling the whole KPI, zero in on a cohort, stage, or feature that might offer high leverage (e.g., new vs. returning users, drop-offs by category, specific traffic sources).
For Revenue:
Ask: “What kind of change in user behavior or experience would explain a shift in this KPI?”
Move from abstract metrics (traffic, revenue) to user-driven causes (search intent, upsells, bounce behavior) that can be influenced through product or design interventions.
For Traffic:
Ask: “What’s the most promising bet we could make to influence this KPI right now?”
Turn passive monitoring into active experimentation. Identify specific opportunities to shift the needle through targeted campaigns, UX changes, or re-engagement strategies.
For any of your ideas:
You can use these in a facilitated setup or plug them into your favorite LLM, assuming you have provided enough strategic and data context beforehand. Let me know how these have worked for you.
Did you enjoy the newsletter? Please forward it. It only takes two clicks. Creating this one took two hours.
Thank you for Practicing Product,
Tim
PS: Atlantic Coffee brewing vibes from a short time off last week
At PendomoniumX Munich on July 8, I’ll be sharing a pragmatic guide to finally connect the dots between strategy, OKRs, and discovery—so your product teams worry less about correctness and focus on context and progress. Save 50% using my discount code TIMHERBIG50.
GET THE TICKETS! |
As a Product Management Coach, I guide Product Teams to measure the real progress of their evidence-informed decisions.
I focus on better practices to connect the dots of Product Strategy, Product OKRs, and Product Discovery.
1 tip & 3 resources per week to improve your Strategy, OKRs, and Discovery practices in less than 5 minutes.
This is the last newsletter before my annual summer writing break. I will be back in your inbox on August 17. Have a wonderful summer! ☀️ Product Practice #370 My 2025 Mid-Year Review READ ON HERBIG.CO PUBLISHED Jul 4, 2025 READING TIME 4 min & 06 sec Dear Reader, What I focused on in the first half of 2025 Writing and Editing My Book After a big writing push from February to April, I was able to share the first complete draft of my book Real Progress - How to Connect Product Strategy, OKRs,...
Product Practice #369 Product Discovery Triangulation READ ON HERBIG.CO PUBLISHED Jun 29, 2025 READING TIME 4 min & 47 sec Dear Reader, To get to an informed conviction through Product Discovery, product teams often need to be creative. It can be challenging for Product Discovery collaborators to make real progress, especially when they lack an environment that provides the right amount of guidance without being too constraining for Adaptable Product Discovery.That’s why today’s newsletter is...
Product Practice #368 How a Product Vision Board saved my Strategy READ ON HERBIG.CO PUBLISHED Jun 20, 2025 READING TIME 3 min & 53 sec Dear Reader, I once led a newly formed product team that aimed to develop a product to increase the monetization of a specific user segment. I co-led a long Discovery effort that validated and scoped this product. At one point during our Delivery journey, my boss approached the team while I was on leave and asked them what they were trying to accomplish....