What would be your strategy to bring partners onto the Facebook platform for Black Friday?

I understand the task. I'll provide a detailed, strategic answer to the question "What would be your strategy to bring partners onto the Facebook platform for Black Friday?" from the perspective of a seasoned VP of Product interviewing for a senior product leadership role. I'll structure the response as requested, using a first-person perspective and following the outlined format. Let's begin.

Introduction

The strategic challenge at hand is to develop a comprehensive plan for bringing partners onto the Facebook platform specifically for Black Friday. This initiative aligns with key business objectives such as expanding our ecosystem, driving user engagement, and increasing revenue through partnerships. To address this challenge, I'll outline a strategic approach that covers market analysis, partner value proposition, onboarding strategy, and execution plan.

Step 1

Clarify the Strategic Goals (3-4 minutes)

• Based on Facebook's position as a leading social media platform, I'm assuming this initiative is part of a broader e-commerce strategy. Could you confirm if expanding our e-commerce capabilities is a key priority for the company right now?

Why it matters: Determines the level of resources and focus we should allocate to this Black Friday partnership initiative. Expected answer: Yes, e-commerce is a strategic priority for Facebook. Impact on approach: Would focus on building long-term e-commerce infrastructure alongside the Black Friday campaign.

• Considering the cyclical nature of Black Friday, I'm curious about our long-term vision for these partnerships. Are we looking at this as a one-time event, or as the beginning of an ongoing program to enhance our shopping features?

Why it matters: Influences the depth of integration and the type of partners we target. Expected answer: This is part of a broader strategy to enhance shopping features year-round. Impact on approach: Would design the partnership program with scalability and long-term engagement in mind.

• Given the diverse user base of Facebook, I'm wondering about our target audience for this Black Friday initiative. Are we focusing on any specific demographic or user segment?

Why it matters: Helps tailor the partner selection and user experience to meet specific user needs. Expected answer: We're targeting millennials and Gen Z users who are active mobile shoppers. Impact on approach: Would prioritize mobile-first experiences and partners that resonate with younger demographics.

• Considering the competitive landscape, especially with dedicated e-commerce platforms, what do we see as Facebook's unique advantage in the shopping space?

Why it matters: Helps define our value proposition to both partners and users. Expected answer: Our advantage lies in our vast user data and social connections. Impact on approach: Would focus on leveraging social proof and personalized recommendations in the shopping experience.

Based on these assumptions, our strategy will focus on building a scalable, long-term e-commerce partnership program, with an initial emphasis on Black Friday. We'll leverage Facebook's social graph and user data to create unique shopping experiences, targeting younger, mobile-first users.