Product Managers Struggle to Prioritize Their Projects
The #1 challenge product managers experience is planning and prioritizing initiatives.

Product Managers Feel Average About Alignment
Product managers rate the quality of their alignment with the rest of the organization at 3.2 out of 5.

Product Team Autonomy is Essential to Success
Just over half of product people (55%) say their team is autonomous.

Product Ops is Growing, Especially in Large Companies
Approximately 1⁄3 of product people say their company has dedicated product operations roles.

Product Managers Have a Direct Impact on Customer Acquisition
40% of product people say that the product experience has the biggest impact on customer acquisition.

Creativity

A researcher at the University of William and Mary analyzed 300,000 Torrance Test scores since the 50s. She found that creativity scores began to nosedive in 1990. She concluded that we’re now facing a “creativity crisis.” The scientist blames our over-scheduled lives and the amount of time we spend interacting with electronic devices. I believe it is also due to our tendency to rely on best practices, while overvaluing speed.

Techniques for expanding creative problem solving.
Oblique Strategies, or Liberating Structures.
Thought Experiments or Analogical Reasoning from outside domains.
Lateral Thinking


Forty percent of our workdays are spent influencing coworkers, persuading leaders and customers. So how does one master Theory of Mind, and Social Influence?

Start With:
The Strategic Framing of Novel Ideas across Different Audiences.
Understanding the Effects of Acts of Receptiveness in Persuasion.

Macroeconomic Headwinds

Consumer spending on physical goods remains robust in Q1 as service spending rapidly recovers. Forty-year inflation highs, supply chain issues, geopolitics, and a tight labor market contribute to downward pressure on spending. Additionally, Bloomberg Economics estimates that policymakers in the Group of Seven countries will shrink their balance sheets by about $410 billion during the remainder of 2022. It’s a stark turnaround from last year when they added $2.8 trillion — taking the total Quantitative Easing to more than $8 trillion since Covid-19 arrived.

Do you need a Coach?

T-Skills

Do you need a coach who appreciates the unique challenges ahead while humbly knowing they have not mastered all of the lessons from the past. A coach who is fantastic at inspiring teammates and building trust. A master of situational awareness and scenario planning.

Marketing budgets as a percent of overall budgets rise to 11.8%, resetting to pre-pandemic levels, while marketing budgets as a percent of revenues increase to 10.4%. Yearly growth in marketing spending breaks 10% for only the second time in a decade and is predicted to show further lifts over the next year at 13.6%. Digital marketing spending, which currently accounts for 57.1% of marketing budgets, is expected to grow by 16.2% during the same period.

Increased marketing spending over the next year is expected across all categories, including brand building (+11.8%), customer relationship management (+9.5%), new product introductions (+8.8%), customer experience spending (+8.6%), and new service introductions (+5.3%). Traditional advertising spending (+2.9%) shows positive lifts for the second survey in a row, reversing a decade-long decline in these budgets. 

Customer acquisition budgets are reported to be 14.7% larger than customer retention budgets while companies spend approximately 7% more on R&D than marketing.