Facebook wants to get into the food delivery business. How would you do it?

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 Facebook's potential entry into the food delivery business. I'll present my answer as if I'm directly addressing the interviewer, using a first-person perspective and demonstrating deep product thinking and leadership.

Introduction

As Facebook considers entering the food delivery business, we're looking at a significant opportunity to leverage our existing user base and technological capabilities to disrupt a growing market. Our key business objectives would likely include expanding our revenue streams, increasing user engagement on the platform, and potentially creating synergies with our existing advertising and local business ecosystems.

To approach this strategic challenge, I'll outline a comprehensive plan that includes:

1. Clarifying our strategic goals
2. Analyzing the market and competitive landscape
3. Defining our product vision and roadmap
4. Prioritizing key initiatives
5. Developing an execution plan
6. Establishing metrics and KPIs
7. Managing risks and planning contingencies

Let's begin by aligning on our strategic goals for this venture.

Step 1

Clarify the Strategic Goals (3-4 minutes)

• Based on Facebook's core strengths in social networking and user engagement, I'm assuming this move into food delivery is part of a broader strategy to diversify revenue streams and increase daily active user (DAU) engagement. Could you confirm if this aligns with the company's current priorities, or if there are other key drivers for this initiative?

Why it matters: This will help us determine whether to focus on rapid market entry and growth or on creating unique, socially-driven experiences that differentiate us from existing players. Expected answer: Diversification and increased engagement are indeed priorities, with a focus on leveraging our social graph. Impact on approach: If confirmed, we'll prioritize features that integrate food delivery seamlessly into the social experience.

• Given Facebook's global presence, are we looking at a phased rollout starting with specific markets, or is the goal to launch globally from the outset?

Why it matters: This will significantly impact our go-to-market strategy and resource allocation. Expected answer: A phased approach starting with key markets in North America or Europe. Impact on approach: If phased, we'll focus on creating a scalable model that can be rapidly adapted to different markets.

• Considering the competitive landscape in food delivery, with established players like Uber Eats and DoorDash, are we aiming to directly compete on all fronts, or are we looking to carve out a unique niche leveraging Facebook's social capabilities?

Why it matters: This will guide our differentiation strategy and feature prioritization. Expected answer: We want to leverage our social network to create a unique value proposition. Impact on approach: If confirmed, we'll focus on social features and community-driven experiences in our product design.

Based on these assumptions, our key strategic goals appear to be:

1. Diversify revenue streams by entering the food delivery market
2. Increase user engagement on the Facebook platform
3. Leverage our social graph to create a differentiated food delivery experience
4. Execute a phased rollout, starting with key markets
5. Create a scalable model that can be adapted globally

With these goals in mind, let's move on to analyzing the market and competitive landscape.