Product-led companies understand that the success of their products is the primary driver of growth and value for their company. They prioritize, organize, and strategize around product success. This is what gets them out of the build trap. But, if you’re not product-led, what are you? Many companies are, instead, led by sales, visionaries, or technology. All of these ways of organizing can land you in the build trap.
Sales-led: this way of working does not scale for long. Visionary-led: visionary-led companies can be very powerful—when you have the right visionary. But, there aren’t too many. Technology-led: these companies are driven by the latest and coolest technology. The problem is that they often suffer from a lack of a market-facing, value-led strategy. Product-led: these companies optimize for their business outcomes, align their product strategy to these goals, and then prioritize the most effective projects that will help develop those products into sustainable drivers of growth.