Introduction
Defining the success of Masterclass's mobile app experience is crucial for optimizing user engagement and driving business growth. To approach this product success metrics problem effectively, I'll follow a structured framework that covers core metrics, supporting indicators, and risk factors while considering all key stakeholders.
Framework Overview
I'll follow a simple success metrics framework covering product context, success metrics hierarchy, and strategic initiatives.
Step 1
Product Context
Masterclass's mobile app is a premium educational platform offering video-based courses taught by world-renowned experts across various fields. Key stakeholders include:
- Users (students): Seeking high-quality, engaging learning experiences
- Instructors: Aiming to share their expertise and expand their reach
- Masterclass (company): Driving revenue and user growth
The user flow typically involves:
- Browsing course catalog
- Selecting and purchasing courses or subscriptions
- Watching video lessons
- Completing assignments and engaging with course materials
- Interacting with community features
The app fits into Masterclass's broader strategy of democratizing access to expert knowledge and creating a premium, mobile-first learning experience. Compared to competitors like Coursera or Udemy, Masterclass focuses on celebrity instructors and high production value.
In terms of product lifecycle, the Masterclass mobile app is in the growth stage, with opportunities to expand its user base and enhance engagement features.
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