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Product Management Metrics Question: Masterclass mobile app success indicators and KPIs
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Vinay

Updated Nov 19, 2024

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how would you define the success of masterclass's mobile app experience?

Product Success Metrics Medium Member-only
Metric Definition Stakeholder Analysis Strategic Thinking EdTech Mobile Apps Online Learning
User Engagement Product Metrics Edtech Mobile Apps Subscription Models

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:

  1. Users (students): Seeking high-quality, engaging learning experiences
  2. Instructors: Aiming to share their expertise and expand their reach
  3. Masterclass (company): Driving revenue and user growth

The user flow typically involves:

  1. Browsing course catalog
  2. Selecting and purchasing courses or subscriptions
  3. Watching video lessons
  4. Completing assignments and engaging with course materials
  5. 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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