How would you design a product for Facebook to take on LinkedIn?

Thank you for providing such a comprehensive framework for addressing this product strategy question. I'll structure my response according to your guidelines, focusing on how Facebook could design a product to compete with LinkedIn. I'll present this from a first-person perspective as if I'm directly addressing the interviewer.

Introduction

The strategic challenge at hand is to design a product for Facebook that can effectively compete with LinkedIn in the professional networking space. This initiative aligns with Facebook's broader objectives of expanding its user base, increasing engagement, and diversifying its product offerings.

To address this challenge, I'll follow a structured approach:

1. Clarify our strategic goals
2. Analyze the market and competition
3. Define our product vision and roadmap
4. Prioritize key initiatives
5. Outline an execution plan
6. Establish metrics and KPIs
7. Develop a risk management strategy

Let's begin by ensuring we're aligned on the strategic context for this initiative.

Step 1

Clarify the Strategic Goals (3-4 minutes)

• Based on Facebook's current market position, I'm sensing that this initiative is aimed at expanding into adjacent markets while leveraging our existing user base. Could you confirm if our primary objective is to create a new revenue stream or to increase overall platform engagement?

Why it matters: Determines whether we prioritize monetization features or user acquisition and engagement. Expected answer: Increase overall platform engagement with potential for future monetization. Impact on approach: Would focus on seamless integration with core Facebook features and gradual introduction of professional networking elements.

• Given Facebook's strong consumer focus, I'm curious about our target audience for this LinkedIn competitor. Are we primarily targeting our existing user base, or are we looking to attract new professional users who may not be active on Facebook?

Why it matters: Influences our product positioning and feature prioritization. Expected answer: Initially targeting existing users with professional aspirations, then expanding to new professional users. Impact on approach: Would emphasize features that bridge personal and professional identities, with a clear value proposition for career development.

• Considering the maturity of the professional networking market, I'm wondering about our timeline for this initiative. Are we looking for a quick market entry with a minimum viable product, or do we have the runway for a more comprehensive launch?

Why it matters: Affects the scope of our initial product and the resources we'll need to allocate. Expected answer: Aiming for a quick market entry with core features, followed by iterative improvements. Impact on approach: Would focus on identifying and delivering key differentiating features for the MVP, with a clear roadmap for rapid iteration.

Based on these assumptions, our strategic approach will focus on leveraging Facebook's existing strengths in social networking to create a seamlessly integrated professional networking experience. We'll prioritize user engagement and adoption in the short term, with a view to developing monetization opportunities as the product matures.