Innovating in a Loss Averse Environment
In my path to product management, I've been shaped by both luck and a diverse background in computer science, economics, and data analysis. Flexibility has been key as I’ve navigated various industries, from e-Commerce to FinTech to InsurTech. In highly regulated sectors, the challenge lies in balancing innovation with compliance, anticipating regulatory changes, and managing risks. I’ve learned that well-rounded skills and strong collaboration are essential to managing complexity and adapting effectively, especially when working within strict regulations while still driving meaningful product development.
From Physics to Product: The Importance of First Principles
How many of us have joined a new company and proposed a promising solution to a problem only to have it rejected with “we tried that n years ago and it didn’t work”? Or conversely, had a new executive join your company and repeat “here’s how we did things at my last company” ad nauseum? (I may or may not have been guilty of the latter in the past.) These are telltale signs of a surface level understanding. As Product Managers, and particularly as executives, we must be able to evaluate and convey the validity of ideas from first principles if we hope to maintain success across companies and over time.
Even in this world, more things exist without our knowledge than with it and the order in creation which you see is that which you have put there, like a string in a maze, so that you shall not lose your way.