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Company focus

Benevity
Product Trade-Off Medium Member-only

In developing Benevity's Goodness Matters conference, should the focus be on attracting more attendees or delivering more in-depth content for existing clients?

Prepared by NextSprints

15 mins
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Strategic Decision Making Stakeholder Management Metrics Analysis Corporate Social Responsibility SaaS Event Management Product Strategy User Segmentation Conference Planning CSR Growth Vs Depth
Product Management Trade-Off Question: Balancing conference attendance growth with content depth for Benevity's Goodness Matters

Introduction

The trade-off we're examining today is whether to focus on attracting more attendees or delivering more in-depth content for existing clients in developing Benevity's Goodness Matters conference. This scenario involves balancing growth with client satisfaction and value delivery. I'll analyze this trade-off by examining the context, stakeholders, metrics, and potential outcomes to provide a strategic recommendation.

Analysis Approach

I'd like to start by asking a few clarifying questions to ensure we're aligned on the key aspects of this trade-off. Then, I'll walk you through my analysis framework, including product understanding, hypothesis formation, metrics identification, experiment design, and decision-making process. Does this approach work for you?

Step 1

Clarifying Questions (3 minutes)

  • Context: I'm thinking Goodness Matters is Benevity's flagship conference for corporate social responsibility professionals. Could you confirm the current scale and format of the conference?

Why it matters: Helps understand the baseline and growth potential Expected answer: Annual event, 500-1000 attendees, mix of in-person and virtual Impact on approach: Informs capacity constraints and scalability options

  • Business Context: Based on Benevity's position in the CSR space, I assume this conference is a key revenue and lead generation event. How does it currently contribute to the company's bottom line?

Why it matters: Aligns decision with business objectives Expected answer: Significant revenue source, major client acquisition channel Impact on approach: Prioritize options that maintain or increase revenue

  • User Impact: I'm thinking there might be different segments among attendees. Can you share insights on the breakdown between existing clients and potential new customers?

Why it matters: Helps balance value delivery between segments Expected answer: 70% existing clients, 30% potential new customers Impact on approach: Influences content strategy and marketing focus

  • Technical: Considering the potential for more in-depth content, are there any technical limitations in terms of delivering complex presentations or workshops, especially in a virtual setting?

Why it matters: Assesses feasibility of content expansion Expected answer: Some limitations in virtual breakout sessions and networking Impact on approach: May require investment in platform capabilities

  • Resource: I'm curious about the team's capacity. Do we have the resources to simultaneously expand attendance and deepen content, or are we constrained?

Why it matters: Determines realistic scope of changes Expected answer: Limited resources, need to prioritize one direction Impact on approach: Forces clear trade-off decision rather than trying both

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Updated Jan 22, 2025