How does your product grow?
This is probably the most challenging question for most product teams. Getting alignment on different initiatives when everybody's viewing things through different lenses, can be difficult.
The North Star Metric Framework provides a shared model for articulating your product's strategy. It helps you define a specific metric that best captures the core value your product delivers to customers, as well as encompasses the impact on the business.
In addition to the metric, the framework includes a set of key inputs that collectively act as factors that produce the metric. Product teams can directly influence these inputs with their day-to-day work.
The NSM helps product teams answer critical questions like:
- How can we deliver better value to our customers while driving revenue?
- How does our day-to-day work connect with tangible impact?
- How can we be sure we're working on the right things?
- How can our teams break down the silos and achieve alignment?