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 developing a new hobby-finding feature for the Facebook app. I'll present my answer as if I'm directly addressing the interviewer, using a first-person perspective and maintaining a professional tone throughout.
Introduction
As a Meta PM, I'm tasked with developing a new product within the Facebook app to help users discover new hobbies. This initiative aligns with Meta's mission to connect people and build communities, while also potentially increasing user engagement and retention on the platform.
I'll walk you through my approach to this 0-to-1 product development and launch process, covering key areas such as strategic goal clarification, market analysis, product vision and roadmap development, prioritization, execution planning, metrics definition, and risk management.
Step 1
Clarify the Strategic Goals (3-4 minutes)
Why it matters: Determines whether we prioritize engagement metrics or new connection formation Expected answer: Primarily focused on engagement, with community building as a secondary goal Impact on approach: Would emphasize features that encourage frequent app usage and time spent
Why it matters: Influences the feature set and user experience design Expected answer: Primarily targeting existing users aged 25-45 Impact on approach: Would tailor the hobby suggestions and UI to appeal to this age group's interests and tech-savviness
Why it matters: Determines the level of personalization and recommendation sophistication we can offer Expected answer: Yes, we have access to Meta's AI capabilities, but with some resource constraints Impact on approach: Would incorporate AI-driven personalization, but may need to phase implementation
Why it matters: Influences the business model and potential partnerships we might pursue Expected answer: Primary focus on engagement, with future potential for monetization Impact on approach: Would prioritize user experience and engagement metrics initially, while laying groundwork for future revenue opportunities
Based on these assumptions, our strategic approach will focus on developing an engaging, AI-driven hobby discovery feature tailored to our existing user base, with an emphasis on increasing user engagement and time spent in the app. We'll prioritize personalization and user experience while keeping an eye on future monetization potential.
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