Parminder shares his journey from working in a corner shop to becoming a VP of Product and Design at Africa's biggest FinTech. He emphasizes the importance of curiosity, communication, and prioritization in building successful products. Also, he discusses the need for open and direct communication in teams and how he encourages others to adopt this approach. He highlights the value of structuring communications, the power of following up with outputs, and collaborating effectively with executive stakeholders. Parminder advises aspiring leaders to create a development plan focused on personal growth and leverage their team members' expertise. Parminder shares his insights on developing as a leader in product and emphasizes the importance of focusing on just a few critical areas for improvement at a time to level up. He also discusses the value of feedback from colleagues and family members for faster growth and the benefits of reading books in navigating the leadership transitions at different stages of his career. Parminder highlights the need for adaptability in leadership, especially in remote work settings, and the challenges of managing product and design teams. The conversation also touches on the conflict between designers and product managers and the importance of demonstrating the value of design to stakeholders. In this conversation, Parminder discusses the role of product management and design in the tech industry. He emphasizes the importance of collaboration and the diverse skill sets needed in product development. Parminder also explores the evolving nature of product management and the impact of big technologies like AI and machine learning. He advises individuals entering the field to choose their craft, be collaborative, and focus on fundamentals like communication and organization.

Takeaways

• Curiosity and a passion for adding value and making an impact are vital traits for success in product management.
• Effective verbal and written communication is crucial for building successful products and collaborating with colleagues.
• Prioritization and a focus on user experience are essential in product management.
• Building a culture of open and direct communication can inspire and motivate teams.
• Creating a personal development plan and leveraging the expertise of team members are essential for aspiring leaders. Develop a development plan and focus on a few critical areas for improvement as a leader.
• Seek feedback from colleagues and family members to gain insights and identify areas for growth.
• Read books on leadership that are relevant to your current career stage.

• Demonstrate the value of design by showing the work and involving stakeholders in the process. Product management and design require collaboration and diverse skill sets.
• The role of product management has evolved over time, and there is ongoing debate about its value and relationship with other roles.
• AI and machine learning will impact the future of product management, particularly in areas like customer experience and innovation.
• Individuals entering the field should choose their craft, be collaborative, and focus on fundamentals like communication and organization.

Chapters

00:00

Introduction and Background

05:12

The Power of Curiosity and Communication

11:44

Prioritization and User Experience

18:31

Building a Culture of Open Communication

23:40

Creating a Personal Development Plan

33:17

Developing as a Leader: Creating a Development Plan

35:19

Seeking Feedback: Insights from Colleagues and Family

37:42

The Value of Reading: Books on Leadership

45:29

Adapting to Remote Work: Challenges and Strategies

49:59

Managing Product and Design Teams: Hiring and Collaboration

56:28

Demonstrating the Value of Design: Showing the Work

01:01:27

The Importance of Collaboration and Diverse Skill Sets

01:04:23

The Evolving Role of Product Management

01:08:09

The Impact of AI and Machine Learning

01:17:24

Advice for Individuals Entering the Field