Summary
- Can identify, analyze & solve problems in organized way
- Offers more than one way to tackle problem, effectively evaluate solutions & decide which to pursue
- Leverages analytical methods to build consensus in ambiguous areas w/ diverse constituents
- Provides multiple topline success metrics & decomposes general ones into specifics
- Ties metrics to goals and outcomes of the overall product.
Attributes
1. Can identify, analyze, solve problems in an organized way
An analytical framework is a structured approach that helps organize and interpret information, identify key factors, and generate and compare solutions.
List of frameworks
- CIRCLES (Comprehend, Identify, Report, Customers, List solutions, Evaluate trade-offs, Summarize)
- STAR (Situation, Task, Action, Results)
- BUS (Business objectives, User problems, Solutions)
2. Offers more than one way to tackle problem, effectively evaluate solutions & decide which to pursue
Need to balance Hick’s law which states that increasing the number of choices will increase the decision time logarithmically.
3. Leverages analytical methods to build consensus in ambiguous areas w/ diverse constituents
Avoids the Frequency illusion.
4. Provides multiple top line success metrics
Classic example is the Pirate Funnel: AAARRR
5. Tie metrics to goals…
Avoid Goodhart’s law: “When a measure becomes a target, it ceases to be a good measure”