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Jonathan Scher
Investment Analyst at Raven Capital Management
Jonathan Scher is the Product Practice Lead at Maltem Canada. He has a strong background in product management and agile methodologies, holding certifications such as Professional Scrum Master (PSM I) and SAFe Agilist. Scher is also a Coachmasters Certified Coach, reflecting his commitment to leadership and coaching within the field.
His professional experience includes significant roles that emphasize stakeholder management and product development strategies, making him a key figure in driving product innovation at Maltem Canada. His LinkedIn profile showcases his extensive expertise and involvement in the industry.1
Highlights
🛠️Tired of Roadmap Chaos? Influence Before the Meeting!🛠️ "Why do executives keep changing the roadmap?!" If you've faced this, you're not alone. Here's the solution...
🎯 A PM in our group shared this problem. She wanted more data to support her roadmap. The best advice she got was this:
💡 Instead of using more data, spend time with each executive before the meeting. Share your story and get their support.
📝 Meetings aren't for making decisions. They are for agreeing on decisions already made. Influence happens before the meeting.
🚀 Let's change our approach. Lead with influence, not just data. How do you prepare for meetings with executives? Share your tips! 👇
🚀 Understanding the Cost of Delay 🚀 Delays in product management can be very costly. Here’s a look at different types of Cost of Delay (CoD) with examples...
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Opportunity Cost: Lost sales. If you planned to get 50 new clients in the first year, you lose that money.
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Regulatory Risk: Fines for breaking rules. If your software doesn’t meet new data privacy rules, you might face fines of $100,000 with a 30% chance in that year.
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Increased Costs: If you wanted to get rid of an license worth $2000 a month, you may have to pay $24000 at the end of the year.
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Competitive Risk: Losing if competitors launch first. If a competitor releases a key feature before you, they might take 20% of your market, worth $500,000.
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Customer Impact: Losing clients due to delays. If a delay causes 10% of your clients to switch to a competitor, each worth $5,000, the cost is high.
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Financing Costs: Extra interest costs. For example, a delay causing an extra interest payment of $5,000.
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Brand Damage: Bad publicity. If a delay results in bad press, the loss in brand value could be high. Estimate how many customers you would lose.
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Obsolete Technology: Costs from old tech. You might have to upgrade more code if you ship a year late. It would cause more delays.
Understanding CoD helps prioritize tasks and cut losses. How do you manage the cost of delay? #ProductManagement #CostOfDelay #BusinessStrategy #ProjectManagement #Agile
