Technomanagers

Image source: http://hyderabadd.com/ Schedule PM mock interviews, resume/CV review sessions, and career guidance with industry Product Managers. Find the link on the homepage. Interviewer:   What metrics will you use to measure the success of Uber? Shailesh:  I would like to ask some clarifying questions to understand the problem in a better way. When we are talking about the success of Uber, are we also taking into account other services like Uber eats, Uber connect or is it only for the Uber ride-hailing business? Interviewer:  We can focus on the ride-hailing business. Shailesh :  Let me first clarify my understanding of Uber’s ride-hailing business. Uber aims to provide reliable and convenient transportation to everyone around the world through its platform. Since it is a two-sided market place it has both driver and rider and Uber acts as a facilitator between the two. Interviewer:  That’s correct. Shailesh :  The way I would like to go about this is first we will   discuss   the

Image sources: https://www.theverge.com/ Interviewer: Uber pickups at the airport have dropped by 10%.What will you do? Shailesh: Before we proceed, I would like to clarify my understanding of Uber. Uber is a technology-enabled platform that connects drivers with users who need a ride. The passengers can request a ride on the platform, and the driver can fulfil the demand by dropping them at the desired location. Uber acts as a facilitator between the two and takes a commission for each ride that is booked via its platform. Is my understanding correct? Interviewer: Yes. Shailesh : Is it fair to assume that there has been no change in the metric calculation in the near time? Also, is the BI tool for tracking metrics showing the metric correctly? Interviewer: Yes, there hasn’t been any change in metric calculation and the BI tool is also working fine. Shailesh : Alright, I would like to ask some clarifying questions to understand the problem better. For how long have we observed thi

Image source - Photo by  Luke Chesser  on  Unsplash Product Management Metrics are the real backbone of a product life cycle. In this article, we will explore an exhaustive list of product management metrics that will include both business   and  product metrics . Business metrics  can be further divided into three different categories: Revenue Metrics Customer Metrics Financial Management Metrics Business Metrics Revenue Metrics Revenue Run Rate:  Revenue run rate is used to forecast the annual revenue based on the revenue generated over a small period, for example projecting the monthly revenue to annual revenue. Revenue Run Rate = (Revenue in a period / Number of days in a period) * Number of days in a year. Annual Recurring Revenue:  Annual Recurring Revenue is used to calculate expected revenue from all active subscriptions over a year. Annual Recurring Revenue(ARR) = Beginning ARR + (New ARR — Churn ARR) + (Upgrades ARR — Downgrades ARR) Average Revenue Per User:  This is used to

Photo by   Erik Mclean   on   Unsplash TechnoManagers  is the complete guide for Product Management, Quant Interview preparation and Investment Strategies. Interviewer:   The conversion rate of Zomato is down; how would you go about it? Shailesh:   Okay, before I jump on to the solution, First, let me clarify my understanding of Zomato so that we are on the same page. Zomato is a platform where one can order food online and book a table in restaurants; It’s a one-stop for the one who is looking to have some food. Interviewer:   Okay Shailesh:  I have some question s  which I want to get clarified; my first question is what does it mean by conversion rate? As per my understanding, it is the ratio of the number of people ordering the food to the number of people opening the Zomato. What is your take on this? Interviewer:  Yes, correct, many users are not ordering the food; some are even adding to the cart but not ordering. Shailesh:  Okay, I am assuming that we haven’t changed the metric