2 of our books define this term — and their definitions are worth reading side by side.
provides a mapping between the existing artifact containment structure present in the tool network and the product-oriented value streams that are aligned to business value delivery. This enables measuring and tracking all activity, flow metrics, and business results per product.
— Project to Product, Mik Kersten
See objective model. The product model is another way to decentralize authority. Teams are associated with specific products or services that the company offers and are free to innovate, prioritize, and make decisions within the bounds of that product’s success as defined by the company. At AWS, small product teams are fully responsible for their products and constantly take input from customers to drive their product roadmaps. They are authorized to act based on that customer input without having to seek approvals (generally) at higher levels of the organization.
— War and Peace and IT: Glossary, Mark Schwartz
See also product · Business value · Flow Metrics · Objective Model · tool network · Complex adaptive system
Filed under Teams & Organization · Product & Business
Every book and audiobook, the video library, the courses, and the MCP. The papers stay free.