Ep. 273 - Radhika Dutt, Author of Radical Product Thinking on Developing a Vision to Build Products

Inside Outside

On this week's episode of Inside Outside Innovation, we sit down with entrepreneur and product developer Radhika Dutt, Author of the new book, Radical Product Thinking. On this episode, we talk about the product diseases holding back good product development, as well as ways to develop and execute a more radical vision to build products that have impact in a changing world. Let's get started.

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Interview Transcript with Radhika Dutt, Author of Radical Product Thinking

Brian Ardinger: Welcome to another episode of Inside Outside Innovation. I'm your host Brian Ardinger. And as always, we have another amazing guest. Today we have Radhika Dutt. She is the author of Radical Product Thinking: The New Mindset for Innovating Smarter. Welcome to the show.

Radhika Dutt: Thanks so much for having me on Brian.

Brian Ardinger: I am excited to have you on the show. I always love to have entrepreneurs and product folks on here to talk about what it takes to build in today's world. You've been in product development for a long time, and you help companies figure this out. What's the state of product development today? What's working and what's not?

Radhika Dutt: I think the most important thing in terms of where we have landed today, right. Is we've learned that the way we build products is by iteration. The mantras have been, you know, fail fast, learn fast. We keep hearing that you really just have to keep iterating and pivoting until you hit this nirvana of product market fit. And here in lies the problem.

Because Innovation it's like having a fast car, a fast car is great. It's good to have a fast car. But the problem is, if a fast car is just not that useful, unless you know where you're going. And the ability to iterate fast has often given us this illusion that you don't need to start with a vision, just set off on your journey, and you'll kind of discover a vision. And that is the piece that's really not working.

So, if we think about the fact that Lean Startup, Agile, all of these methodologies have really become ubiquitous over the last decade, right? And yet fundamentally the number of startups who succeed or fail hasn't really changed. Right?

So, we've really gotten this approach of innovating fast, but what we're really missing is a methodology that helps us set the direction and be able to navigate to it using this fast car. Meaning that our iterations have to be driven by a vision and strategy. And that's the piece that's been not working so far.

Brian Ardinger: You talk about in the book, how folks in product and that, or they're building stuff, kind of run in to these product diseases that hold back good product development. Can you talk a little bit about what stops people from developing and maybe getting into this iteration rut?

Radhika Dutt: These product diseases are things that we need to be able to speak openly about. Because regardless of the size of company or the industry that we're in, I keep seeing these same product diseases over and over. So, a few that I've run into or caught myself, right? One that I will admit to contributing to myself is obsessive sales disorder.

This is where your salesperson comes to you and says, you know, if you just add this one custom feature, we can win this mega client. And it sounds mostly harmless as a product person. I was like, yes, let's do this. Right. And pretty soon, by the end of the year, you're sitting with a stack of contracts and your entire roadmap is driven by what you have to make good on. And that's one example.

A really common one is Pivotitus. Pivotitus is where you know this idea that we have that you just pivot until you find product market fit, it leads us to just keep trying different ideas to see what works. And your team just feel demoralized, confused, even your customers, they don't know what you're about anymore. And that's Pivotitus.

Brian Ardinger: I love those. And I think a lot of us in product can relate to that. And even more to that, I think it's not just product folks that are running into these particular issues. A lot has changed in the world of product development with things like no code and low code. And pretty much everyone these days has run into this ability to create something. You know, and it's democratized the product development process in general.

And so, whether you are in product today and you've seen these things, the majority of folks are going to be running into these diseases, whether they know it or not. What can you talk about to the new product person, the person who maybe is new to this world and trying to understand what does it take to build something of value in this world?

Radhika Dutt: Yeah, maybe first, I want to talk about what I mean by product. Because, you know, traditionally we've thought about product is a software or a hardware. A thing, basically, right. A digital or a physical thing. And that view has really become outdated is what I've realized. To me product is your mechanism to create change in the world.

It's your vehicle for whatever that change is. And so, you know, whether you're a non-profit, you're working in a government agency, in a high-tech startup, or even freelance. You're creating change in the world. And as a result, you are building a product. And I think that's the first fundamental realization.

Given that this is our new definition of product for every person who's entering this field, the question is then, you know, how can you create change very systematically? So, you're most likely running into these diseases and I list seven of them in the book. A few other examples are Hyper Metracina. Which is where we're all about analyzing data and optimizing for metrics, except that sometimes those wrong metrics.

And things like Strategic Swelling. Which is where your, either your organization or your product just tries to do more and more and more, but it's just a very bloated product and you kind of lose your way.

So, all of these diseases, like it's not just in your product itself, it's in your organization that you might be seeing it. And so, we need to think about product differently as a mechanism to create change. And then think about, are we experiencing these diseases in our organization?

And then finally, if you're seeing it, then it's time for a new approach where you create change systematically and build the successful product systematically, which is what Radical Product Thinking is about as a methodology. Instead of taking this approach of let's just try what works, which is kind of evolved from the venture capital business model over the last decade.

Brian Ardinger: And what I like about the book is you say all the stuff that we're doing when it comes to Agile or Lean or that, they're good tactical stuff to continue to do. But you almost have to have a layer above. That thinks about the vision and thinks about how does the vision fit into, you called it the Sustainabilit...