Lenny's Podcast: Product | Career | Growth Shreyas Doshi on pre-mortems, the LNO framework, the three levels of product work, why most execution problems are strategy problems, and ROI vs. opportunity cost thinking
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Jun 7, 2022 Shreyas Doshi, a product leader with experience at Google, Twitter, Yahoo, and Stripe, shares invaluable insights on product management and strategy. He introduces the concept of pre-mortems to foresee potential issues, shedding light on how this practice influenced Stripe's culture. The discussion also covers the LNO framework for effective prioritization and the three levels of product work, emphasizing the importance of aligning team goals. Shreyas argues that many execution problems stem from underlying strategic misalignments, advocating for a more holistic approach in leadership.
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Pre-Mortem Impact
- Shreyas observed companies facing backlash for overlooking obvious issues, highlighting the value of pre-mortems.
- Pre-mortems provide an inexpensive way to identify and address potential problems early on.
LNO Framework
- Prioritize leverage (L) tasks for 10x-100x impact, then neutral (N) tasks, and lastly overhead (O) tasks.
- Recognize that the same activity can be L, N, or O depending on context.
Optimizing for Leverage
- For high-leverage tasks, embrace perfectionism.
- Reduce time spent on neutral and overhead tasks to free up time for leverage tasks.