Last episode, we talked about Instant Pot's failure via financial engineering that most product teams may never see coming.
In this episode, we explore why financial literacy should be a core competency for product teams, not something left to the "adults in the room."
We break down why reading basic financial statements, understanding customer lifetime value, and making data-driven decisions that actually consider the cost of building features are essential and how you can start moving toward a future where you have more transparency into financial matters.
Key topics covered:
• Why whoever controls the budget is the real product manager
• How financial complexity hides exploitation and manipulation
• The curriculum gap in product management education
• Practical metrics every product team should track
• How to bring finance people into your product discussions
This isn't about becoming accountants - it's about understanding the financial impact of your product decisions and building something that lasts.
#ProductManagement #FinancialLiteracy #AgileLeadership
REFERENCES
----------------
AA219 - How Private Equity Killed Instant Pot (And Why Your Product Could Be Next),
AA217 - Extreme Ownership: Military Leadership Lessons for Professionals,
AA201 - Mastering Stakeholder Communication & Management,
KIRO 7 News Seattle: https://www.kiro7.com/news/trending/instant-pot-pyrex-parent-company-instant-brands-files-bankruptcy/VLWFB4OF75FHLERB7B5KCMXUFI/,
LINKS
YouTube: https://youtu.be/Xbub7ZKTMKo
Spotify: https://open.spotify.com/show/362QvYORmtZRKAeTAE57v3
Apple: https://podcasts.apple.com/us/podcast/agile-podcast/id1568557596
Website: http://arguingagile.com
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Toronto Is My Beat (Music Sample)
By Whitewolf (Source: https://ccmixter.org/files/whitewolf225/60181)
CC BY 4.0 DEED (https://creativecommons.org/licenses/by/4.0/deed.en)
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