SVPMA Dec 2014 Event “Shifting to an Experimental Mindset: The Dos and Don’ts of Hypothesis Testing” with Teresa Torres, Product Consultant & Coach, former CEO http://svpma.org/2014/12/december-2014-event/

1. Teresa Torres
www.ProductTalk.org
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@ttorres
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Shifting to an Experimental Mindset:
The Dos and Don’ts of Hypothesis Testing

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It all starts with a good idea.

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Confidence is not connected to reality.

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Confidence is a symptom of coherence.

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Coherence doesn’t necessitate truth.

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Research in Motion was confident in their
secure network.

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Yahoo was confident in their start page.

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What assumptions are you making?

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Wisdom = knowledge + doubt

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Work toward your vision with conviction.

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And be prepared to be wrong.

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We need to be wise about our product
decisions.

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We can’t predict the future.

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We will be wrong.

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We don’t know what’s best for our
customers.

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We don’t know
what to build next.

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And we don’t know
when we can deliver it.

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We need to update our methods
to acknowledge these truths.

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Instead of writing 50-page PRDs …

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… we need to build iteratively.

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Instead of telling our customers what’s on
our roadmaps …

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… we need to test our hypotheses in
customer interviews.

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Instead of building 10 features to
find out only three worked …

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… we need to run 10 experiments
and only build the 3 that worked.

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What would happen if your competitors
started working this way?

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How do you shift to
an experimental mindset?

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Be prepared to be wrong.

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Test your assumptions.

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Experiment before you build.

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Know what you need to learn.

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Start with good hypotheses.

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The 5 components of a good hypothesis.

34. Teresa Torres
Product Consultant & Coach
!
{
ProductTalk.org
@ttorres
Let’s keep the
conversation going.