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How to Disrupt Digital Product Cultures by
LearnVest VP of Product
www.productschool.com
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Management
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for our next Event!
Vivek Bedi
Tonight’s Speaker
Disrupting Digital Product Cultures
- Patterns of behaving, feeling, thinking, and believing —
determines “how we do things around here.”
- Gives a company its personality and shapes both its
internal processes and the way it is seen by the outside
world.
- Sensitive Nudging of New Behaviors
- Precise Targeting of New Thinking
- Takes Time!
- Can’t convince people to change!
Secret: Small changes make the biggest
differences!
Change is:
- Incremental
- Creative
- Following
- Trusted
- Spread the word!
The Six Levers.
Leadership Clear Roles
Reward
People
Change
Behaviors
Role
Models
Formal Informal
Networks
Our Results
“Effects of our Change”1
2 years ago
NM had a limited digital presence
Information Overload1
Cluttered Design
Difficult to Understand
2
3
Cluttered Design2
Difficult to Understand3
Information Overload1
Difficult to Understand3
Information Overload1
Cluttered Design2
Critically important experiences
were missing
Mobile Presence1
Pre-Client Experience
Sharing Tools
2
3
Lacked:
Self-Service Tools4
Pre-Client Experience2
Sharing Tools3
Lacked:
Self-Service Tools4
Mobile Presence1
Sharing Tools3
Lacked:
Self-Service Tools4
Mobile Presence1
Pre-Client Experience2
Self-Service Tools4
Lacked:
Mobile Presence1
Pre-Client Experience2
Sharing Tools3
Today’s digital experience has
dramatically evolved
Today’s digital
experience is
clean, mobile friendly
and engaging to
clients
1M Registrations
Clients registered for digital experience
From 185k to
Digital
External account
aggregation focused on
providing clients and
advisors a holistic
financial picture
$48B
From .7% to
Account Aggregation
Newly launched
insurance pages
provides a complete
summary by insured,
with policy details and
product information.
92%+
Adoption from Digital Life Insurance
Clients
Insurance
51%
Adoption from Digital Investment Clients
From 6% to
Dedicated Investments
Landing Experience
Integrates a client’s holdings, asset
allocation and product views along
with market commentary for a
complete investment picture.
Investments
NM.com has been
redesigned to be
consumer-friendly and
help consumers take
their first-step.
NM.com
63%
Visit more than one page
From 26% to
Increase in mobile
traffic
163%
Launch of the
Android mobile app
expanded our mobile
footprint and user
base.
Mobile
Bill Payment Options2
Coming soon to Mobile:
Secure Share & eSign1
New Login and
Registration Experience
Digital
Registrations
1M 300k
Reduction of Call
Volume
(1st month)
10%
Reduces call-center impact3
4
1
Increases security2
Easier-to-use for clients1
Text Clients
Login & Registration
Looking Back
“How we got here”2
Historically, we relied on
project managers for digital change
Project Managers focused on:
● Timing increments
● Planning sessions
● Organization of meetings
● Providing updates
● Moving the project forward
Business Tech
Project Manager
How does Waterfall Methodology work?
Feasibility
Meetings &
Documentation
Design
Coding
Testing
Training
Launch
Underperform 85% of the time
Today’s digital
experience relies on
product managers to
evolve it.
Consumer Digital
Business
Digital
Product
Management
What Does a Digital Product Manager Do?
Declaration of Interdependence
We the product managers shall...
Increase return on investment
by making continuous flow of value our focus.
Deliver reliable roadmaps
by engaging customers in frequent
interactions and shared ownership.
Expect uncertainty
and manage for it through iterations,
anticipation and adaptation.
Unleash creativity and innovation
by recognizing that individuals are the ultimate
source of value and creating an environment where
they can make a difference.
Boost performance
through group accountability for
results and shared responsibility for
team effectiveness.
Improve effectiveness
and reliability
through situationally specific
strategies, processes and practices.
1 2 3
4 5 6
Iterate using Agile
Our Process
Discover
DefineDeploy
ResearchFeedback
Design/Wireframe
Agile vs. Waterfall
Original Plan
(waterfall)
Agile Plan
(series of iterative small plans)
TIME
DEGREEOFBUSINESSSUCCESS
Where the opportunity
actually will be tomorrow
Today’s view of our
opportunity
Our Approach
“How products are built”
For internal use only. Not for use with the public
3
Teams are lean and
constantly iterating
on digital experiences
by breaking through
process and
simplifying problems
to get stuff done!
Change The Way We Work1
Pizza Pie Team A Pizza Pie Team B Pizza Pie Team C
Teams are now
comprised of skillsets
across various
disciplines reducing
time and meetings to
get stuff done!
Change The Team Structure2
Product Manager Engineering Lead
Business Partners
Engineering/Testing TeamAnalysis/Research Team
Designer
Change Our Approach3
Repeat
Understand the business!
Spend time learning how the business
works today.
Research
Obsess about your clients and FRs
via research (data, feedback,
interviews).
Break up the project
Break up the project into smaller sets
of features based on user needs.
1 2 3
Design a feature
4
Get feedback
Show it and get feedback
Tweak & redesign
Iterate based on feedback
Develop and test
Break up the project into smaller sets
of features based on user needs.
5 6 7
Deploy
8
We are creating
experiences backed by
research and learnings
from our users and
constantly reshaping to
make them amazing.
Change The Way We Release & Engage4
Create
Show
Reshape
Learn
For internal use only. Not for use with the public
2015 2016 2017
89
177
1200+
Projected Feature Releases
In 2017
By working together across NY & MKE we have
accelerated the pace of innovation.
937
Case Study:
Account Aggregation
“A closer look at the action”
For internal use only. Not for use with the public
4
Two years ago, we had a
dramatically different
experience
We began a journey to iteratively
improve the Account
Aggregation experience and
here’s where we are today
● .7% of existing clients had aggregated
their accounts
● 10.28% of traffic happens on mobile.
● Existing experience is not responsive
We learned from user behavior on the website
Discover
FR quotes from outreach
...show the accounts in
the middle of the screen,
rather than the
transactions.”
FR at Eastern Region 2017
“
Discover
We consolidated
feedback to define the
future state of the
product
● Easily find and link external accounts
● Display holistic info at account and
transaction levels
● Dive into transaction data for an individual
accounts
● Provide breakdown, analysis, insights on
spending
Define
Take future vision and
begin designing
Design & Test
Start with rough sketches1
Gain Feedback!2
Build out high level “wires”3
Gain Feedback!4
Transition to detailed visual design5
Gain Feedback!6
Early sketches build up iteratively
to a finished product
Apply this method to
every team and we can
delivery so much more
● Insurance and Investments
● Budgeting
● Tools and Calculators
● Mobile App
● Lead Distribution
● Online Plan Tracking
● Fact Collection
And More...
Iterate
NM.com
Prospect Experience
Mobile App
We’ve come really far
48B
From .7% to
External Assets Agg.
1M
From 185k to
Digital Registrations
64k
From 0
to
Mobile Downloads
$128M
From 0
to
Digital Loan
Repayment
And we’re just getting started.
Part-time Product Management Courses in
San Francisco, Silicon Valley, Los Angeles
and New York
www.productschool.com

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How to Disrupt Digital Product Cultures by LearnVest VP of Product

Editor's Notes

  1. When you checked in tonight, you got an email inviting you to join our slack community In that community, we have 12k product people who have come through different companies like google, facebook, uber Sharing information about events, job offers from our partner companies, and valuable online content Please check your email and join - it’s free
  2. In our PM Course, we teach how to build products and how to get a job as a software product manager All our classes are 2 months, part time, and compatible with full time jobs. We have two options, Tues/Thurs in the evening and Saturdays in the morning Instructors- are senior level product managers from companies like Google, FB, Uber, etc
  3. In addition to our PM class, we offer our Coding for Managers class Also two months and part time tailored for professionals who don’t come from a traditional engineering background The goal of this course is not to make you a software engineer, but to give you enough technical background to build a fully functional website and pass the technical interview
  4. Similar to our coding course, we also offer our Data Analytics for Managers Tailored for people who don’t have a technical background but to give them enough knowledge of analytics to become product managers Also two months, compatible with full time jobs The goal of the course is not to make you a data scientist, but to make you technical enough to understand web analytics, learn SQL, and machine learning concepts
  5. We are also live streaming our event to our online audience If you want to share, please tweet @productschool and #prodmgmt for a free ticket to our next event
  6. Apple’s corporate culture is one of innovation, simplicity, user-friendliness, and elegant design, driven by perfectionism. Same with IKEA to day to day operations, to store design, and providing many with low cost furniture.
  7. Culture is not something that changes with a memo from the CEO or with a town hall meeting. Can’t convince people to change Look at the day to day make and make small changes
  8. Think of how fashion takes hold; a consensus builds among a diverse group of people whose opinions are trusted, and that group spreads the word. When there is critical mass, the reach is exponential. A similar dynamic helps a company embrace a digital, multichannel way of working.
  9. Leadership is not force down your thought. It needs to be proven and shown. Walk the walk. Apple/Mark. Clear Roles. Understanding what everyone’s role is and a clear career path for success for them and the organization. Not just about money. Recognition, ownership, training, spotlight, etc Change Behavior - Zappos has all employees answer calls and give flowers/rewards as needed. We did the same by having various of the team visit our advisors and talk to clients. Role Models - Evangelists/ pride builders help spread the word of the new culture. Deploy in separate departments. Word of mouth is a power tool. This panelist. Build networks to spread the word. Product Specialist Story.
  10. A-lot of information at the client at once.
  11. Ledger/Paper Style Design. Redundant information through-out screens
  12. Complex information - needed to be with FR to understand Basic usage - view policy info and print tax documents
  13. No mobile presence at all
  14. No digital experience before becoming a client
  15. No way to exchange information digitally with FRs
  16. Paying bills, loans, beneficiaries all happen over the phone or in person.
  17. 2 years ago we had 185k users
  18. New Insurance Page: (60% of clients are insurance only) Features of Tab: Summary by Insured Policy Information Product Breakdown Net Cash Value Net Death Benefit Total Annual Premium
  19. In Dec 2016, 6% of digital investment clients was accessing the landing page, to 51%.
  20. Redesign the NM.com website geared at education, content sharing, and brand awareness
  21. End of June launch
  22. Analog to building a home
  23. 2 years ago we had 185k users
  24. A-lot of information at the client at once.
  25. 2 years ago we had 185k users
  26. 2 years ago we had 185k users
  27. 2 years ago we had 185k users
  28. 2 years ago we had 185k users
  29. PEOPLE: Please mentioned that we were the first to experiment with top NM developers and PM in a blended team working closely with NY. Now a year later that team of developers and PM are pinpointed as leaders across other pizza pie teams. Amazing career growth opportunities!
  30. A-lot of information at the client at once.
  31. A-lot of information at the client at once.
  32. A-lot of information at the client at once.
  33. A-lot of information at the client at once.
  34. A-lot of information at the client at once.
  35. A-lot of information at the client at once.
  36. The numbers show the progress we have made!
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