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Product Sense Workshop Deck

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100% found this document useful (1 vote)
175 views45 pages

Product Sense Workshop Deck

Uploaded by

scobra427
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

RACHEL’S

GUIDE
to
Demystifying
Product Sense
Interview Workshop
Agenda

💡 Intros
💡 What are you evaluated on in a PM interview?
💡 Common pitfalls to avoid
💡 My approach for Product Sense interviews
💡 Let’s try an example together!
💡 Debrief
Hi! I’m Rachel

🎯 15+ years experience at Meta, Datadog, and Fiverr (pre-IPO)


as an IC and a manager
🎯 Interviewed 200+ candidates (100+ at Meta)
🎯 5+ years as a career coach and advisor, specializing in tech and
product management (CPC certified)
🎯 Career advisor for Columbia Business School MBA program
and Segal Coaching

Now it’s your turn!


What are you evaluated on in a PM interview?
Turning ambiguous problems
into actionable
hypotheses/solutions
What does that mean?
Key signals evaluated in Product Sense interviews

🎯 Motivation & Mission 😎 Audience definition 🕵 Problem identification

Understanding the motivation Identifying, segmenting, and Articulating and prioritizing the
behind the problem at hand and prioritizing the target audience pain-points, use-cases most
tying it to your mission relevant to your target audience

🔧 Solution exploration 💬 Communication

Brainstorming and prioritizing Communicating concisely and


solutions relevant to the clearly, applying MECE principles
problems and audience and a coherent prioritization
method
What does that mean?
Key signals evaluated in Product Sense interviews

Understanding the motivation behind the problem at hand


Motivation & Mission
and tying it to your mission

Audience definition Identifying, segmenting, and prioritizing the target audience

Articulating and prioritizing the pain-points, use-cases most


Problem identification
relevant to your target audience

Brainstorming and prioritizing solutions relevant to the


Solution exploration
problems and audience

Communicating concisely and clearly, applying MECE


Communication
principles and a coherent prioritization method
Common pitfalls in product interviews

⛔ Avoid imposing a predefined solution

⛔ Ineffective user segmentation

⛔ Broken logical flow from audience insight to problem resolution

⛔ Lack of a clear prioritization approach

⛔ Neglecting the interviewer's cues for direction

⛔ Poor time management


My approach for Product Sense interviews

Step 1 Context understanding 2 mins


Setup
Mission & vision alignment 5 mins

Step 2 User segmentation & prioritization 5-7 mins


Identification
Problem identification & prioritization 5-7 mins

Refine success definition 2 mins

Step 3 Solution brainstorm & prioritization 5-7 mins


Solution
Success validation & follow ups 2 mins
What does this mean?
Let’s take this step-by step
and solve a problem together.

Problem Imagine you’re a PM at Yelp,


statement and you want to grow your
marketplace for healthcare
services.

What do you do?


Step 1 Context understanding 2 mins
Setup
Mission & vision alignment 5 mins
1

Context understanding (2 minutes)

Mindset Pitfalls
● Is there any additional information I need ● Especially for more senior candidates,
to get from the interviewer to successfully when you get at least “What do you think”
answer the question → it’s time to lay out a few assumptions.

● What is the company trying to ● Overly focusing on solution space at this


accomplish? point

● Why is the company investing in this


space?

● What’s the timeframe to validate the


direction?
1

Mission & Vision alignment (5 minutes)

Mindset Pitfalls
For the product to be successful and get buy-in, ● Skipping this point
it needs to align with the company’s mission and
● Ignoring interviewer cues
strategic direction

● Try to put yourself in the shoes of the Pro tips


company - what’s the mission of the ● Research mission statement ahead of time
company?
● Use the mission statement to guide
● How does it align with the mission of the prioritization and alignment
company and future success?

● What is the competitive landscape?


Step 1 - setup

Imagine you’re a PM at Yelp,


and you want to grow your
marketplace for healthcare
services.

What do you do?


1

Healthcare Marketplace: Yelp's strategic move

● How does this problem statement align with Yelp’s mission?

● How does this problem statement align with Yelp’s core competency?

● What market trends do we see?

● What are risks we might want to call out?

Yelp’s mission: “To connect people with great local businesses; along the way,
we hope to enrich lives of consumers and small business owners”
Step 1 - setup

Try answering for yourself


1

Home Improvement Marketplace: Yelp's strategic move

Mission alignment Yelp’s mission to connect people with local services extends to healthcare by
increasing access to healthcare providers.

Core competency Fostering trust based on reviews, which are critical when making decisions on
selecting healthcare providers; Expand reach of healthcare providers.

Market trends Rising demand for transparency and trust in healthcare align with Yelp's
review-driven platform, enabling informed patient choices.
Competitors: Zocdoc, Google, Insurance directories

Risks: Legal risks around healthcare, e.g. HIPAA; market trust; liability of false information.

Yelp’s mission: “To connect people with great local businesses; along the way,
we hope to enrich lives of consumers and small business owners”
1

Summarizing strategic alignment hypothesis

Hypothesis: Yelp's expansion into healthcare, leveraging its


consumer/SMB trusted network, can effectively meet
growing demands for transparency and trust in patient
care, despite facing challenges in compliance, information
accuracy, and market trust.

V0 metric hypothesis*: %DAU contact healthcare providers

*For clarity, adding the initial metric hypothesis, which is refined later on
Step 2 User segmentation & prioritization 5-7 mins
Identification
Problem identification & prioritization 5-7 mins

Refine success definition 2 mins


2 User segmentation & prioritization

User segmentation & prioritization

Mindset Pitfalls
You need to identify the user group that can ● Keeping segmentation too high-level
help you validate your product.
● Building for yourself (and not the
● What is the overall ecosystem that you’re audience)
entering?
● Prioritizing without explaining why
● What should you focus on within the
ecosystem? Pro Tip

● How do I prioritize? ● Prioritized top-down segmentation

● Good segmentation -> good problems ->


good solutions
2 User segmentation & prioritization

User segmentation & prioritization


Top-down segmentation

Slice the pie overall first, Prioritize the most Refine and define™
then explain the contents important slice of within the slice
of each piece the pie

Top-down segmentation demonstrates holistic


understanding with focused prioritization
2 User segmentation & prioritization

Common segmentation approaches

Segmentation Additional approaches


● Marketplace: buyers, sellers, (couriers) ● Demographic*: age, income, family status

● Media: content creators, content ● Psychographic: based on lifestyle,


consumers, (advertisers) attitudes, beliefs, or social status

● Geographic: cities, rural, suburban ● Behavior patterns: usage rate, brand


loyalty, purchase occasions
● Technology Usage: early adopters,
tech-savvy, traditional users) ● Industry or Sector (eg for B2B): verticals,
size of business

This isn’t a comprehensive list, just highlighting


very common segmentation approaches
2 User segmentation & prioritization

Common prioritization approaches

RICE most popular _ Additional approaches


● Reach ● RFM - Recency, Frequency,
Monetary Value
● Impact
● Needs-Based Prioritization
● Confidence ● Market Gap Analysis
● Brand value/affiliation
● (Effort) ● Pareto Principle (80/20 Rule)

Don’t force a prioritization approach on your segmentation, but make sure you have
a clear way to explain your prioritization; you can also mix and match approaches
Step 2 - identification - segmentation

Try answering for yourself


2 User segmentation & prioritization

Yelp ecosystem segmentation & prioritization

External
Patients Healthcare providers
stakeholders
Singles / No
Families Established
couples no Elderly established Insurance Admin
(household) reputation
kids reputation

Non-medical
First time parents “Experienced Medical
practice
(babies, toddlers) ” parents practice
(supportive)

Support No support
system system

Exercise: try different types of segmentations (e.g. patients health,


healthcare verticals) to see how problems and solutions change
2 User segmentation & prioritization

Why did I choose First time parents with no support?

Patients
Singles /
Families ● RICE to land on patient
couples no Elderly
kids
(household)
● Needs-based + strategic fit
to land on families
First time parents “Experienced ○ → first time parents
(babies, toddlers) ” parents
without a support
system
Support No support
system system

This isn’t a perfect prioritization, just


what I decided to use for this example
2

Tying up with my hypothesis

Yelp can help new parents


without support find the
trustworthy healthcare
providers
Step 2
Identification
Problem identification & prioritization 5-7 mins

Refine success definition 2 mins


2 Problem identification & prioritization

Problem identification & prioritization

Mindset Pitfalls
You need to find and prioritize the most ● (All) problems too-high level
important problem to solve
● Problems that don’t tie to your target
● What is the problem space that my target audience
audience faces?
● Problems that tie to a much smaller
● How do I prioritize the most important portion of your audience
problem to focus on?
Pro Tip
● Good segmentation -> good problems ->
good solutions
2 Problem identification & prioritization

Common problem mapping approaches

● User journey approach


○ What are the steps/touchpoints that a user needs
to accomplish their goals

○ what are gaps/opportunities in that journey

● Pain point analysis - What are the key


pain-points that the user faces
● Jobs to be done - What are the key jobs that
the user is hiring you for
There isn’t a perfect way to map problems,
and it’s really challenging to get them MECE
Step 2 - identification - problems

Try answering for yourself


2 Problem identification & prioritization

Healthcare problems new parents with little support face

➔ I am overwhelmed with my parenting experience and need support for myself


➔ I want to find a trusted provider who connects well both with me and my child
◆ Location
◆ Reputation
◆ Insurance Prioritization based on need and
◆ Connection strategic alignment with Yelp’s
◆ Culture mission
◆ Specialization
➔ I want to be able to access/schedule touchpoints to fit my unpredictable newborn routine
➔ I want clear guidance on my child’s health milestones and medical requirements
My approach for Product Sense interviews

Step 3 Solution brainstorm & prioritization 5-7 mins


Solution
Success validation & follow ups 2 mins
3 Solution brainstorm & prioritization

Solutions brainstorm & prioritization

Mindset What to avoid


You need to identify solutions that solve the ● Solutions that don’t solve your problem
problem that you are focusing on ● Going too deep on a single solution that
● What solutions can I come up with to solve isn’t your prioritized one
this problem? ● Prioritizing solutions that aren’t inline
● What solutions should I prioritize to prove with mission/scope alignment
my hypothesis? Pro tips
● How do I test my hypothesis ● Try to think about 2 practical solutions and
1 moonshot idea
● If your ideal solution is too complicated -
try scoping it down for validation
3 Solution brainstorm & prioritization

Common solution approaches

● Practical solutions
○ What assets can you re-use?

○ Example - tags, filters, badges

● Moonshot ideas
○ New features

○ Innovative, forward-looking

○ Examples: Dedicated LLM, VR suit,


Step 3 - solutions

Try answering for yourself


3 Solution brainstorm & prioritization

I want to find a trusted provider who connects well both


with me and my child
AI assistant: train an LLM specific to common problems/situations that parents have
that can help direct parents to the right healthcare provider

Find: Dedicated tab


- Add a dedicated tab in Yelp for healthcare, within that tab specify specific providers
- Tags for easy identification: with relevant keywords/attributes
- Filters: insurance, specialty, common reviews, language, culture

Trust
- (1)Verified reviews
- (2) Trust score based on verified legal sources around medical safety/malpractice

Connects well with me and my child


- Personalized recommendation badges, based on similarity audience (via ML)
- Specific questions on reviews that tie to experience of parent and child to populate
tags
3 Solution brainstorm & prioritization

I want to find a trusted provider who connects well both


with me and my child
R I C E AI assistant: train an LLM specific to common problems/situations that parents have
Med High Med High
that can help direct parents to the right healthcare provider

R I C E Find: Dedicated tab


High High High Low
- Add a dedicated tab in Yelp for healthcare, within that tab specify specific providers
- Tags for easy identification: with relevant keywords/attributes
- Filters: insurance, specialty, common reviews, language, culture

Trust
R I C E
Low Med Med Med - Verified reviews
R I C E
High High Med High - Trust score based on verified legal sources around medical safety/malpractice

Connects well with me and my child


R I C E - Personalized recommendation badges, based on similarity audience (via ML)
Low Med Med High - Specific questions on reviews that tie to experience of parent and child to populate
tags
3
Tying up with my hypothesis

By creating a dedicated tab,


new parents
will be able to find a trusted provider
who connects well
both with them and their child
3 Validation

Success validation

Mindset Important to note


No solution is perfect, you want to ● Sometimes you don’t have time to get to
communicate succinctly how you validate this point, that’s fine!
success.
● You most likely won’t have time to do a full
● How do you measure that your feature is diagnostic framework
successful as a feature?

● How do you measure that your feature is


helping the broader ecosystem?
Pro tips
● Briefly state a metric of usage and overall
metric for success and respond to
interviewer feedback
3 Validation

Success validation
Measuring success for my dedicated healthcare tab

The key metrics I would track:


● Awareness: #DAU using the dedicated tab, in comparison to other dedicated
tabs we launched
● Conversion: #DAU booking an appointment through the tab
● NPS: users feedback on Yelp
● Yelp Network health: Yelp retention rate
Before we debrief

Check your inbox :)

Take a few minutes to


complete, and then..,

D&Q&A
Debrief

🎯 Key aspects of the Product Sense interview


🎯 What the interview seeks to measure
🎯 Walked through an imperfect example of a step-by-step flow
🎯 How to manage your time
🎯 Common pitfalls
🎯 Broke myths about the Product Sense interview:
◆ That you need to have extremely creative solutions
◆ That you must use the RICE framework in every step
🎯 Most of all, I hope this gave you confidence and an understanding of the intuition and
mindset to come with!
Thanks!

Time for questions

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