Michael Goitein
2y ago
OŪRA ring is one of the great products – a seamless wearable with unparalleled function and design.
I break down their #productstrategy using Roger L. Martin’s “Strategy Choice Cascade”
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Michael Goitein
2y ago
The 5 Choices of the Strategy Choice Cascade (“SCC”)
1. What is your Winning Aspiration?
2. Where to Play?
3. How to Win?
4. What Must-Have Capabilities will you need to be in place?
5. What are our Enabling Management systems?
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Michael Goitein
2y ago
OŪRA Ring Example for Choice #1 — Winning Aspiration (“WA”)
“Be the activity and sleep tracking wearable device of choice for affluent young professionals.“
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Michael Goitein
2y ago
OŪRA Ring Example for Choice #2 — Where to Play? (“WTP”)
Geography — Global sales
Customer — Young, affluent weekend and top-flight athletes, skewing slightly towards female Personas
Channel — Sell direct to consumers through ouraring.com
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Michael Goitein
2y ago
Offer — Offer a discrete, beautifully-designed ring & polished companion mobile phone app that rapidly pairs with the ring. Easy charging, good battery life.
Stages of Production — Handle everything, end-to-end — Ring design, Hardware Manufacture, Marketing, Sales, and Support
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Michael Goitein
2y ago
OŪRA Ring Example for Choice #3 — How to Win? (“HTW”)
Sleep-clinic-level sleep tracking and activity tracking with seamlessly integrated hardware and software in a discreet wearable. Offers continuous firmware upgrades.
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Michael Goitein
2y ago
Crunches tons of sleep, activity, and heart rate data into two actionable numbers:
Readiness Score — How ready are you to “seize the day?” What can take on? What can you do to take it easy when necessary, and be more active when you can?
Sleep Score — How well did you sleep?
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Michael Goitein
2y ago
OŪRA Ring Example for Choice #4 — Must-Have Capabilities (“MHC”)
Design and manufacture distinctive, elegant ring hardware
Write and continuously update ring firmware
Design, create, and continuously update ring apps across Android and iOS
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Michael Goitein
2y ago
Effectively manage terabytes of customer data safely and privately
Rapidly analyze nightly ring sleep data for unique customer Sleep and Readiness scores through the mobile app
Continuously improve functionality, sleep, and activity tracking and battery life
Roll out new features
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Michael Goitein
2y ago
OŪRA Ring Example for Choice #5 — Enabling Management Systems (“EMS”)
Ring hardware design team
Ring hardware manufacturing capabilities
Ring firmware design and updates team
Mobile app design, development, and continuous update teams
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Michael Goitein
2y ago
Overarching Product Management expertise to turn client pain points and opportunities into future roadmap items to boost Retention and repeat sales
Big Data and Insights, Analytics
Sales, Customer Success, Marketing
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Michael Goitein
2y ago
Read the entire article here on @Medium - https://medium.com/@michaelgoitein/the-playing-to-win-framework-part-iii-the-strategy-choice-cascade-279c3b5ccea3
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