The last episode was on the topic of product roadmaps and today we extend that topic by considering product line roadmaps - roadmaps for product lines and product families.
The person who has turned that topic into his professional career is Paul O’Connor. He is the founder and managing director of The Adept Group and he has had significant impact on the field of new product development over the past thirty years. During this time, he has developed and implemented a number of innovative approaches to creativity, innovation, and productivity in NPD. He is truly one of the savvy insiders that can go both broad and deep on many topics related to new product development.
In this interview, you’ll learn about:
What is a product line and a product line strategy,
How are platforms related to product lines,
How product line roadmaps differ from product roadmaps, and
Why product line roadmapping is important.
Practices and Ideas for Product Managers and Innovators
Summary of questions discussed:
What is a product line? Everybody is very familiar with a single product. A line of products has a common thread of several products that share at least one platform. Multiple product lines could create a product family. As an example, look at the Samsung brand. It’s a company that uses its brand across many different product families. They have insurance products, software products, industrial products, and more. I know them for their consumer product family, with televisions and cell phones, and so forth. Each one of those areas, cell phones for example, is a product line, and you would find within each one of those product lines, one or more platforms. What we look for in product line strategy is employing the dynamics of innovation and all aspects of business and all aspects of product management, across the product line.
How are platforms related to product lines? A platform brings what I would call leverage, to the product line. The visual that I typically use is of a triangle with a plank on top of it like a teeter totter. It conveys the notion of getting leverage in the product line. There are different types of platforms. There can be what we call design platforms. An engineering design platform for a computer could be the motherboard. That same motherboard can be used on a whole series of different computers within a product line. Software can be a platform. We also have production asset platforms that provide leverage. Service platforms are quite interesting to look at, such as in the banking and insurance industries. The value of the platform can only come about if the organization is structured in such a way that creates leverage. By leverage we mean, if I put a dollar into it, I’m going to get two dollars out of it. It means I can do things faster on the platform than starting from scratch each time. This is where we get a little bit confused in our own product development efforts over the years. Most all innovation and product development efforts focus on a single product, one at a time, without the relevance of a platform and without the relevance of product line strategies. Instead, most of the innovation has to go into the platform, or a set of platforms, for a product line. When we do multigenerational planning of a product line, what we’re doing is laying out how the platforms will morph and evolve over time. This gives us another dynamic in our product line strategy that is much more powerful than just trying to innovate one thing at a time.
How is product line roadmapping different from product roadmapping? One thing that all these roadmaps have in common is a timeline. You can think of it visually as going left to right – a Gantt chart. Usually that’s all about what is in development -- we call these products in development. Oftentimes we’ll even hear people say that their launch schedule is their product line r...