Product Strategy Interview Questions

Greg W. - "PayPal makes money from: Processing fees from merchants - traditional checkout and buy now, pay later P2P transfers using credit cards Instant money transfers on P2P and to bank accounts Lending products (paypal credit) Cross border fees (Xoom) Crypto trading fees"See full answer

P K. - "A very interesting question. Please find below my approach: Understand VP's line of thought and goals trying to achieve Understand the assumptions/ Validate the hypothesis Impact on Brand, revenue, engineering cost, customers, and existing products SWOT Approve or Provide alternative Question to the VP: What is the objective? - higher engagement? easy to interact, peer-to-peer communication? Why the need for a separate platform? - to increase the no.of interactions? to"See full answer

Anonymous Reindeer - "Clarifying Questions: Is it a chain of supermarkets? Or just an individual market? Is the revenue overall or just from one store? What are the reasons for the revenue growth? Pandemic? New buildings around? Other? What does the supermarket sell? Anything specialized? Local goods? Is there an app/website available to order stuff? 10,000 - 50,000 Vision: Be the most customer centric store Goals: Able to reach out to as many users as they can. Increase the user base while keeping th"See full answer

Arya R. - "I'm going to assume the problem is limited until the point of where the rider get into the car. Rider segments/characteristics: Local rider (lives and travels in the same city) Tourist rider (visiting a city, using Lyft for the first time in the city) Lets think about some problems for these types of users: Local rider: (Choose to prioritize on these use-cases assuming its a larger % of rides overall) Ride shows as confirmed, but driver does not move on the map Driver does"See full answer

Xash C. - "This one is a great example of Build, Borrow, or Buy strategy framework (http://www.build-borrow-buy.com/build-borrow-or-buy-in-practice/) - explore and evaluate three different approaches: organic growth and building a product from scratch (e.g. Amazon building its own Amazon Restaurants service), partnering with an existing provider (e.g. enterprise-level partnership with Instacart or Lyft), or acquisition growth (e.g. Uber acquiring Postmates). Evaluate which approach makes sense for the com"See full answer

Cameron P. - "3 fav products. Pick 1 and 10X it. My criteria: Add value to my life Easy to use My fav products: Pinterest Youtube Google Docs How would you 10X Youtube? Interviewee: 10X revenue? 10X user base? 10X sales? Interviewer: you can decide Interviewee: Ok, let’s discuss Youtube's mission and goal and we will determine which direction to proceed after Youtube: Global product. Has Red,Music,Kids,Premium. Subscription and Ads. 5B videos watched per day. 80% market share Missio"See full answer

Asish B. - "The supply and demand for Uber Eats may be greatly impacted in the near future by the two macroeconomic factors listed here. Each trend links to large alterations in consumer behavior, labor markets, and cost structures that can cascade across the delivery ecosystem. Changes in Consumer Spending and Inflation Growing Costs and Fees for Food: Customers may order fewer deliveries or choose less expensive goods if food prices, restaurant running costs, or delivery fees increase as a result of"See full answer

Anonymous Boa - "Thorough analysis of the asks- what is the strategic fit, overall business value, goals? Analysis of resources - skillset/ time/ dependencies. Create a list of all the things that we have to do, rank them by value(impact), urgency and effort needed. Stakehodler inputs. Moscow priroitization/ value vs effort frameworks. Have clear communication channels with our stakehodlers to socialzie progress/ effort Sequence the asks - subject to changing circumstances. Call ou"See full answer

Vipul A. - "I would like to clarify the scope of this question - It is only limited to Uber rides and not Uber eats. correct? For us to gauge whether Uber should accept cash or not, lets first understand why would Uber want to do this, a few reasons which come to mind: Uber wants to acquire more customers (non-digital payment users) Uber wants to provide alternative options to existing users and make it easier for them to book with Uber Strategic reason - competition has started accepting cash or i"See full answer

Talles S. - "Me: thanks for the question. Could you tell me what type of drone is it and what is the user segment? Interviewer: What you mean by type of drone? Me: Is it a premium drone with premium features like a camera or it's more on the cheaper side? Interviewer: It's a normal drone with basic features, a good camera but nothing professional and it has the Google brand. The users are amateur drone users. Me: Awesome, is there anything specific about this drone in relation to others? You mentioned th"See full answer

Neha A. - "What is the goal of FB as a company, how does marketplace help. Who are the different users (Sellers and buyers. Also mention advertisers). Sellers can be artists or small/ home business owners. they also also be infrequent sellers who come to FB marketplace when they are moving cities or moving to a new location. Buyers can be low and high engagement. We will focus on sellers - if more sellers come on the platform, it will attract buyers, generate sales, and spin the flywheel. Also, if a sel"See full answer

Megha S. - "tried my best"See full answer

Cody M. - "Q1: You're the new head of the Google Hardware division. What is the next big product we're going to build and why? (Pretend you're on stage to unveil this to us.) Q2: How does this fit into the Google ecosystem? Q3: Estimate how many units you will sell in the first year in the US. (Q4: Also asked about pricing.) Q1: You're the new head of the Google Hardware division. What is the next big product we're going to build and why? Clarifying Questions: Clarifying question: Hardware is a very broa"See full answer

Swetha C. - " Questions: Is there any specific user pain point we are trying to solve ? Is this for engagement or retention or revenue Is there any specific Geo you want me to focus ? Is there any specifc user segment you want to focus ? Structure: Company Mission: Easy access to vehicle no matter when and where you are. Product Mission: Quick and easy delivery of food delivered at your door step User Segments: Sellers : Restaurant, Catering, F"See full answer

Rahul J. - "YouTube is a platform that lets users upload self generated content that's available for all other users to view, globally. It has a freemium model where unpaid users can watch unlimited content. However, the paid users get additional features that enhance the viewing experience. YouTube would like to move the unpaid users to a paid subscription model as it ensures higher ARPU for YT and gives users incentive to repeated come back to the platform to watch content. **Ways to increase conversion"See full answer