{"id":7017,"date":"2017-08-09T14:52:15","date_gmt":"2017-08-09T19:52:15","guid":{"rendered":"https:\/\/actuationconsulting.com\/?p=7017"},"modified":"2017-08-09T14:52:15","modified_gmt":"2017-08-09T19:52:15","slug":"global-product-team-performance","status":"publish","type":"post","link":"https:\/\/actuationconsulting.com\/global-product-team-performance\/","title":{"rendered":"Product Team Performance &#8211; Key Factors"},"content":{"rendered":"<p>The <a href=\"https:\/\/actuationconsulting.com\/study-product-team-performance\/\"><em>Global Study of Product Team Performance<\/em> 2016<\/a>, conducted by Actuation Consulting, yielded new factors shared by most high performing product teams. Over the next few posts, I\u2019ll discuss survey participants responses and the statistically significant factors that affect product team performance.<\/p>\n<h2><strong>Understanding the Participant Profiles<\/strong><\/h2>\n<p>Participants in the study included individuals with these titles:<\/p>\n<ul>\n<li>Brand managers<\/li>\n<li>Business analysts<\/li>\n<li>Development managers<\/li>\n<li>Engineers<\/li>\n<li>Product managers<\/li>\n<li>Product owners<\/li>\n<li>Program Managers<\/li>\n<li>Project managers<\/li>\n<li>Text\/QAs<\/li>\n<li>User experience professionals<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>More than 70% of respondents report to a director, vice president, or company officer. Nearly 20% report to a manager.\u00a0 More than half of respondents work for organizations with technology as their primary focus. Other segments focus on services, consumer products, education, and government.<\/p>\n<p>Today\u2019s post considers the response to the first two survey questions.<\/p>\n<h3><strong>Question: Did your company achieve its financial goals and objectives last year?<\/strong><\/h3>\n<table>\n<tbody>\n<tr>\n<td width=\"421\">Response<\/td>\n<td width=\"169\">Percentage<\/td>\n<\/tr>\n<tr>\n<td width=\"421\">Yes<\/td>\n<td width=\"169\">73.2%<\/td>\n<\/tr>\n<tr>\n<td width=\"421\">No<\/td>\n<td width=\"169\">26.8%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p>Nearly three-fourths of respondents (73.2%) indicated that their company achieved its financial goals. Slightly more than one-fourth of respondents (26.8%) revealed that their organizations did not meet financial objectives. Unmet financial goals are an excellent reason to take a closer look at a company\u2019s processes and practices. A close examination may allow changes to be made that improve results.<\/p>\n<h3><strong>Question: Which of these statements best describes your view of your core product team\u2019s performance against organizational expectations?<\/strong><\/h3>\n<table>\n<tbody>\n<tr>\n<td width=\"487\">Survey answer<\/td>\n<td width=\"103\">Percentage<\/td>\n<\/tr>\n<tr>\n<td width=\"487\">We deliver value consistently on scope, schedule, and cost<\/td>\n<td width=\"103\">43.0%<\/td>\n<\/tr>\n<tr>\n<td width=\"487\">We deliver value, but lack consistency<\/td>\n<td width=\"103\">40.6%<\/td>\n<\/tr>\n<tr>\n<td width=\"487\">We are hit or miss<\/td>\n<td width=\"103\">11.7%<\/td>\n<\/tr>\n<tr>\n<td width=\"487\">We miss more than we hit<\/td>\n<td width=\"103\">4.7%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<h2><strong>What Responses Tell Us About Product Team Performance<\/strong><\/h2>\n<p>While 43% of respondents indicated that their product team consistently succeeds in meeting company expectations, 57% see their product teams as experiencing difficulty consistently meeting expectations. There is definitely opportunity for growth on these teams, especially among those that miss the mark more often than they reach it (4.7%)<\/p>\n<p>Watch for my next post when we\u2019ll further explore the answers and revelations gathered from respondents to the latest <a href=\"https:\/\/actuationconsulting.com\/study-product-team-performance\/\"><em>Global Study of Product Team Performance<\/em><\/a>.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><strong>Advancing the Profession of Product Management\u2122<\/strong><br \/>\n<a href=\"https:\/\/actuationconsulting.com\/\">website<\/a>\u00a0I\u00a0<a href=\"https:\/\/actuationconsulting.com\/product-management-consultants\/\">consulting<\/a>\u00a0I\u00a0<a href=\"https:\/\/actuationconsulting.com\/product-management-training\/\">training<\/a>\u00a0I\u00a0<a href=\"https:\/\/actuationconsulting.com\/product-management-toolkits\/\">toolkits<\/a>\u00a0I\u00a0<a href=\"http:\/\/www.amazon.com\/Take-Charge-Product-Management-Effectiveness\/dp\/0615379273\">books<\/a>\u00a0I\u00a0<a href=\"https:\/\/actuationconsulting.com\/product-management-blog-2\/\">blog<\/a>\u00a0I\u00a0<a href=\"https:\/\/twitter.com\/greggeracie\">twitter<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Global Study of Product Team Performance 2016, conducted by Actuation Consulting, yielded new factors shared by most high performing product teams. Over the next few posts, I\u2019ll discuss survey &#8230;<\/p>\n","protected":false},"author":1,"featured_media":7141,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[42,315,46,47,362,48,49,50,51,248,53,54],"tags":[56,337,88,105,154,161,198,416],"class_list":["post-7017","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-analysis-2","category-marketing-2","category-product-management","category-product-management-facts","category-product-manager","category-product-marketing","category-product-owner-2","category-product-teams","category-project-management","category-take-charge-product-management","category-the-study-of-product-team-performance","category-user-experience","tag-actuation-consulting","tag-agile","tag-development-manager","tag-greg-geracie","tag-product-development","tag-product-management-2","tag-product-team-performance","tag-team-performance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Product Team Performance - Key Factors - Actuation Consulting<\/title>\n<meta name=\"description\" content=\"Product development is a complex endeavor that requires effective coordination to ensure that product team performance is fully optimized. 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