Archive for methodology
Repeatable Product Launch Process – Prepare Phase
Posted by: | CommentsThis is the third of four posts providing an overview of the Repeatable Product Launch Process which is delivered in the Product Launch Essentials seminar. So far I’ve covered the Organize Phase and the Evaluate Phase. In this post I’m going to share with you the Prepare Phase which is about assembling the launch team and developing the plans to fill the Launch Readiness gaps you’ve identified in the Evaluate Phase.
Prepare Phase
Exiting the Evaluate Phase, you would have identified the constraints (speed bumps) that can get in the way of achieving the launch goals. You would do this by conducting a Launch Readiness Assessment on the functional areas that are impacted by a launch. The Launch Readiness Assessment would reveal the most critical areas that need your attention and establishes a baseline for improving launch readiness.
Launch Team
A cross-functional launch team is vital to a successful product launch. As the Launch Owner you can’t possibly have expertise in every functional area in your company. You get that expertise through a cross-functional launch team.
Many organizations use cross-functional teams but don’t get the value they could. The whole point of a cross-functional team is to get more stuff done, much better, in less time. Unfortunately many cross-functional teams don’t get proper support from management which can result in a lack of accountability for individual contributors on the team. What it means for the Launch Owner is extra work behind the scenes scrambling to finish deliverables that someone on the team didn’t complete.
There are four roles on the cross-functional launch team:
- Launch Owner
- Executive Sponsor
- Functional Area Representatives
- Project Manager (appears mostly in larger companies)
The Launch Owner is the leader of the launch team and has accountability for achieving the launch goals. The Executive Sponsor is an often overlooked role that can be enormously valuable particularly in larger organizations. The Executive Sponsor can serve as a mentor to the Launch Owner and provide muscle in the organization when needed. Functional Area Representatives are individuals from the departments affected by a product launch. They need the authority to represent their department much in the same way an ambassador does for a country. Project Managers provide support to Launch Owners when acting like a chief of staff, apprising you of problem areas and keeping track of action item details.
The Product Launch Essentials seminar covers each role in more detail and provides a complete set of tools to help you set expectations, organize the product launch team, and drive results.
Launch Team Tracker
One of the tools we share in the seminar is the Launch Team Tracker. It’s a simple tool for capturing action items, issues and decisions while conducting launch team meetings. The Launch Team Tracker helps you hold team members accountable for their action items and gives you a way to document action item status, new issues, and decisions that are made. How many times have you revisited an issue that was already addressed, losing valuable time in the process?
Fill Gaps
The results of your Launch Readiness Assessment will reveal launch readiness gaps. Don’t panic if you discover there are more things that need to be fixed than you have time or resources to address. This is normal. The key is to focus on the few that have the most impact on achieving your launch goals.
The output of the Fill Gaps activity will be the plans that address your launch readiness gaps, and is one of the first activities the launch team should tackle. These plans will be referenced in the Product Launch Plan that is built in the Execute Phase.
Next: Execute Phase
In the final installment I’ll introduce you to the Execute phase, where you’ll build the Product Launch Plan, monitor launch progress and report to management on how the product launch is progressing.
Lunch is an event. Product launch is a process.
Posted by: | CommentsToo often we think about product launch as an event. The magic product launch checklist is consulted. The ‘required’ deliverables are produced. Unfortunately the sales velocity that management expects doesn’t materialize.
The problem in this scenario is that a successful product launch isn’t an event where appetizers, entrees, and desserts are chosen from a fixed menu. What’s needed is a product launch process where the items on the menu are revealed based on the goals of the launch.
The Repeatable Product Launch Process delivered in the Pragmatic Marketing Product Launch Essentials seminar is one such process. Over the next few posts I will share the highlights of the methodology. If you lack a product launch process in your organization, the Repeatable Product Launch Process is a good starting point.
Repeatable Product Launch Process
The methodology is comprised of four phases. Each phase consists of two steps. The Repeatable Product Launch Process is a strategic approach to product launch that is based on achieving an outcome rather than producing a set of deliverables.
Organize Phase
Like any successful project a product launch needs to be anchored in goals. What do you want to accomplish with this product launch? Is it a revenue goal? Is is a customer retention goal? Are you entering a new market segment and are more concerned with awareness?
A clear product launch goal not only defines success, it aligns the entire product launch team. Hint: a goal of ‘sell as much as we can’ is not a goal, it’s a wish.
Once you have an agreement with your manager on the product launch goals it’s time to choose the launch strategies that will help you achieve the launch goals. The choice of the plural ‘launch strategies’ wasn’t a typo. In any given segment there are different buying groups that must be considered. These include our customers and those that are shopping right now to name a few.
For example, you may have a six month product launch revenue goal of $5M. The product is a new version of an existing product. You expect the bulk of the revenue to come from your installed base and the remainder to come from net new customers. Can you see how having a singular approach wouldn’t adequately serve both buying groups?
At the completion of the Organize Phase you would have established clear product launch goals and identified the product launch strategies to help you achieve those goals.
Next: Evaluate Phase
In the next installment I’ll discuss how the Evaluate Phase adds a sanity check to your launch goals and helps you reveal your organization’s product launch readiness weaknesses.








