What are the keys to driving product success as a visionary leader in a complex B2B industry? In this episode of the CPO Rising Series hosted by Products That Count Resident CPO Renee Niemi, Finastra CPO Mike Vigue shares insights on balancing customer-centricity and visionary leadership as a top product executive. He discusses the importance of understanding user needs, guiding customers to the best solutions, and leveraging data and process to deliver consistently great products. Mike also explores the transformative potential of AI in product management, from automating non-value-add tasks to optimizing complex systems.
Join us for new conversations with leading product executives every week. Roll through the highlights of this week’s podcast below, then head on over to our Events page to see which product leaders will be joining us next week.
Show Notes:
- Balancing customer-centricity and visionary leadership is crucial for product success.
- Understanding the customer’s perspective and pain points is key to guiding them to the best solutions.
- Simplicity and ease of use are critical, even in complex B2B software.
- Treating team members with respect and transparency is a leadership superpower.
- Product management is a science that requires a strong process and discipline.
- Avoiding surprises through scope management and expectation setting builds confidence.
- Involving cross-functional stakeholders in testing and feedback is essential for successful launches.
- Small changes can have a big impact on the user experience, so testing is vital.
- Doing things well and taking pride in the work is a powerful motivator.
- Competitive drive and a desire for excellence can propel product leaders to the top.
- Leveraging subject matter experts and building a strong team is more important than being the expert.
- Continuously testing hypotheses and iterating based on feedback is crucial.
- Understanding how customers use the product in their day-to-day can uncover valuable insights.
- Empowering users to be efficient and get in and out of the software quickly is a key goal.
- AI has the potential to transform product management, from automating tasks to optimizing complex systems.
- Using AI-powered recommendations can significantly reduce the cost of failed transactions.
- AI can assist with code refactoring and breaking down monolithic applications.
- Incorporating AI-powered “co-pilot” assistants can free up product managers to focus on strategic work.
- Maintaining a customer-centric mindset while also driving innovation is a delicate balance.
- Passion, competitiveness, and a commitment to excellence are hallmarks of successful product leaders.
About the speaker
A highly collaborative and driven business professional with more than 25 years of experience as a leader and product innovator in the world of financial technology. With a track record of managing teams and building products that have helped the Financial Services market address opportunities in Digital Banking, Customer Engagement, Real-Time Payments and Payment Innovation across North America, EMEA, and Asia Pacific. Specialties: Product Strategy, Product Innovation, Product Management, Proposition & Product Development, Product Marketing, Agile, Machine Learning, AI, P&L Management, Sales Management, Product & Data Analytics, SaaS, Payments & Cash Management, AP Automation, Purchase to Pay, FinTech, Digital Banking