Product Strategy Interview Questions

Durga prasad K. - "Product Led Growth Strategy is where literally product drives growth Examples: Referrals Shares on social platforms Product offers basic functionalities for free and user has to upgrade for overall access Inviting friends or teams to your whiteboard In order to build an effective product led growth strategy we need to understand the users pain points, motivations, un met needs in detail that will help us to understand what resonates with the users such that they love the product, s"See full answer

Madhuri J. - "I think first we need to understand the questions better. Who these users are? (Any specific demographic, age users) What kind of stories are they sharing? How much is considered fewer? Once we get the answer or if we do not get answer we will have to make assumptions about all three questions. Based on the assumption we will have to define a vision. The vision should state what we want to achieve. Goal: Users between age 20 to 30 should get at least 100 shares, likes and comments com"See full answer

Vijay P. - "Explained in STAR format one of the project situation where I had to collect data points by deploying a minimum viable product due to unclear business requirements/dynamic nature of business. Emphasized on exact data points and how they strategically used to iteratively deploy improved version of product."See full answer

Ekta M. - " Describe the product -What does it do? Who uses it? How do they use it? Google maps provides an optimal route from point A to point B. It also shows different checkpoints like restaurants, petrol pumps, etc. on the way. It is used in two major ways majorly, before starting people check the traffic to decide when to leave or which route to take. When people don’t know the way so they put on Google map to guide them. It has 1Bn MAU and 152 mins of app time. Clarification questions Wha"See full answer

Diamonde H. - "I'm interpreting this question as "what's the process you'd go through to launch a new product". I'd approach it this way, assuming we haven't yet made any determinations around the what/how: Step 1: Pick an industry of interest with Industry criteria based on Industry growth rate VC investments (pitchbook is a good resource) Step 2: Evaluate the various industry verticals and select the vertical with the most opportunity evaluated by Age of companies New entrants Existing -"See full answer

Anonymous Flamingo - "As a YouTube PM, there are several factors that I would consider when evaluating the idea of developing a tool for content creators to generate ideas with scripts automatically added. First, I would assess the potential demand for such a tool among YouTube content creators. This would involve researching the needs and challenges of content creators, as well as gathering feedback from content creators on the value and usefulness of the tool. This would help me understand whether there is a strong"See full answer

Pm P. - "Clarification: What does "share" imply? is it the action of sharing the app or website ? My assumption here we are not talking about stock market share :P, other factors come into play there. Diving-in: I would like to classify the questions into 2 buckets Internal Do we have data on which platform the shares increases and split up by Mobile and if mobile via app or via browser, split by apple/android, split via desktop, tablet . Essentially source of the shares. What this will t"See full answer

Sonam S. - "Are support tickets % an increase or an absolute increase? (Assuming absolute increase) Is the dashboard showing an increase in tickets accurate? Categories tickets Geographic area? Product area? Operational area? Seasonality? Type of ticket - Debug tickets or Help me how to do x (Did we have an influx of new customers joining? ) What type of customers ( new or existing, age with the company, history) 3"See full answer

M N. - "Why do we want to build an ad platform? Should we discuss if we should/should not do this? Or have we decided? Let's say we decided. Now what's the goal of ad platform? Additional revenue stream. We need to make sure the ads we show don't distract our users from the core product but help our users with their financial needs through relevant advertisements. It might not be a bad idea to monetize the 13M users as long as we're connecting them with the right brands/services. Now let's look at the"See full answer

Jessie Y. - "Instagram Reels: Instagram's answer to TikTok, Reels allows users to create and share short-form videos within the Instagram app. It leverages Instagram's existing user base and social features. YouTube Shorts: YouTube introduced Shorts as a feature within its platform to enable users to create short, catchy videos. It capitalizes on YouTube's extensive content creator community and viewer base. Snapchat Spotlight: Snapchat's Spotlight feature highlights short-form videos in"See full answer

Adhitya G. - "Clarifying Questions: Product → It is a online Professional Services platforms where jobs are made much easier for both recruiters and for job-seekers Goal → Increase Number of Users/ Any other Business Goal? Mission → It is to make job-posting/seeking completely hassle free and accessible to everyone. Do we have any timeframe to do this and is there any growth rate that I should be targeting? - 5x in 5 years Students → Are we focusing on Full-time or Part-time students? Any"See full answer

Anonymous Sparrow - " To start, I'm going to make sure I understand the product correctly and also define what specific business metric we're trying to improve. Second, I will focus on defining the target user for which we want to improve the product and brainstorm what additional user problems we could solve. And third, I will generate solutions for these problems, prioritize them, and make a recommendation." First I want to understand if this product will aim to help me find the pet I want, or help me discover wh"See full answer

Aidynn E. - "Let's start with clarifying question -> What do we want to achieve with increased engagement? Let's say Spotify has personalization that prefers more engaged songs/podcast to be available to new users (who have not heard that song). Along the same lines as Facebook/Linkedin/Instagram prefers posts. The more the song/podcast is engaged among users, for more people it will be visible to listen. What users we are targeting? There are 2 broad categories of users such as creators and listen"See full answer

Niaz - "Assumption about the teleportation machine: Teleportation is instantaneous like Star Trek The product does not take too much space maybe 6 ft by 6 ft and 10ft high is good enough Teleportation works vertically both above ground and underground as well as going 100 meters horizontally If possible you can combine multiple teleportation machine to repeat teleportation Users groups A product like this can be leveraged for almost everyone but I think I want to focus on users who ha"See full answer

Akshai V. - "Google Assistant is the Voice AI which converts Natural Language to Queries/Instruction , processes it and get the results and again converts it back to Meaningful Results to the User Currently Google Assistant is Integrated in Multiple End Points. Phone Google Home Chrome Cast Google Chrome Books Some of the Use Cases Google Assistant is used is Making Phone Calls/Texting Asking General Queries/Searching for Information Integration with Devices and Turning them O"See full answer

Rahul P. - "Providing some bullets to expand on to respond to this question- Inability to adapt to the changes in customer's needs in retail industry Lack of competitive analysis Rigid business model Lack of well defined Vision and Strategy"See full answer

paddy19 - "To start I would ask a few clarifying questions regarding the product and the company: Does the mineral water have unique health benefits to the consumer? I would ask for details about the bottle packaging - unique design elements, materials used, and options available Is mineral water in the company's current product catalog? Does the company sell high-end consumer products in the market I would make certain assumptions for the sake of this question: The mineral water is natura"See full answer

M N. - "To clarify, Lyft currently uses dynamic pricing which means the price of a ride is not constant and depends on multiple factors. Let's keep only the car rides on Lyft with driver-rider as customers in the current scope and ignore other product offerings such as bikes, scooters. Should we improve the current dynamic pricing model or design dynamic pricing assuming it doesn't exist? Let's assume latter. Let's assume this dynamic pricing applies to entire US market. Now let's see what factors I"See full answer