Shreyas Doshi+ Your Authors @shreyas early product mgr & first lead PM @stripe. formerly @twitter @google @yahoo. angel investor. my tweets are useful for some, useless for many, not for everyone❤️ Aug. 10, 2020 1 min read + Your Authors

Convenient illusion:
Inputs + Outputs = Outcomes

Inconvenient reality:
(Inputs + Outputs) × Market = Outcomes

Now here's the really fascinating part:

Successful teams & Unsuccessful teams both tend to downplay or outright deny the role of the Market.

The latter deny it 𝘣𝘦𝘧𝘰𝘳𝘦 their failure, to feel more in control.

The former deny it 𝘢𝘧𝘵𝘦𝘳 their success, to look smarter.

How's this as a heuristic?

Execution ^ Strategy × Market = Outcomes

Execution = 𝒇 (inputs, outputs, team)

Strategy = 𝒇 (target segments, value proposition, strategic powers, distribution)

Market = 𝒇 (growth rate, competition, regulation, tech shifts, timing, pandemics...)

Takeaway:
Market > Strategy > Execution

Execution can be a limiter, but by itself cannot ensure large Outcomes

Strategy is a major amplifier for Outcomes, but is still dependent on Market

Market is essential for large Outcomes, assuming you've done fine on Strategy & Execution


You can follow @shreyas.



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