The Andy Breen Hypothesis: Testing For Value Risk Is The Most Critical Yet Overlooked Piece Of Product Success The Product Science podcast

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The Andy Breen Hypothesis: Testing for Value Risk is the Most Critical Yet Overlooked Piece of Product Success

12d ago 39:52

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Andrew Breen, CEO of Prints of Love and Partner at Buy Build Fund, a seasoned entrepreneur and educator, believes in the power of observing user interactions to uncover the subconscious value people place on products, thereby driving strategic decisions beyond mere spreadsheet analysis. His experience reflects advocacy for addressing often-overlooked value risk and emphasizes the necessity of understanding both emotional and social values in product management. By challenging assumptions and focusing on customer needs, he highlights the importance of understanding both functional and emotional aspects of products, demonstrating how emotional benefits can strongly appeal to consumers and influence behavior.

Resources

Visit Buy Build Fund where Andy partners with investors and business owners

Explore Prints of Love, where he serves as Board Member & CEO

Connect with Andrew Breen on LinkedIn

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Visit the Product Science Group website

Explore Product Science Workshops and Courses

Quotes from Andy Breen:

(00:05:57) "It's not about the technology. Just because you build it, they will not come. And you really do need to be solving problems for people and offering them something that changes them and their life and their abilities." - Andy Breen

(00:08:57) "...these days especially every product gets about 30 seconds of consideration, you know, at the top. And so you have to have a clear value proposition." - Andy Breen

(00:26:19) "There are a lot of stay-at-home moms or like people like engineers doing little SAS side projects and stuff that were turning into real businesses, real revenue, real profits, you know, something that's not often talked about in the venture world." - Andy Breen

Lab Notes

Lab Note 606.1: Too many product managers underestimate the importance of assessing value risk.

Lab Note 606.2: Conducting value research often means holding uncomfortable tensions. Lab Note 606.3: When qualitative and quantitative are telling you the same thing, you’re on your way to product market fit. Lab Note 606.4: Continuous Product Discovery has been useful since the 90’s, even if it looks different today. Lab Note 606.5: Deciding which customer use cases to replace with AI requires evidence-based product strategy.

View the transcript and the full episode description on the Product Science Podcast website here.

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#Business #Holly Hester-Reilly #Product Management