The business intent of Product Management is to increase an organization's competitive advantage through various product initiatives. Competitive advantage is defined by product differentiation and process efficiency. An XY chart displays a competitive advantage score in terms of differentiation and process efficiency. This type of score card provides actionable information that a Product Management team can use for self-diagnostic in process improvement initiatives, and for performance comparisons between business quarters, or between different teams within the same organization. Standard charts enable comparisons across an industry.
You can use this score card as a sample. Create one table for each of the Seven Pillars. You will want to adjust the strategies to be in context of each pillar. Take the aggregated scores for each of the Pillars and combine them into one score for Differentiation. Computing a percentage achieved out of total possible will make your graphic representation easier to read and comparisons more meaningful. After you’ve completed the assessment in each Pillar you switch and look at process efficiency. We use the same Seven Pillars to establish business goals. The objectives of processes within each Pillar are listed at the end of this post for reference. Remove the ones not valid for your organization. For each remaining objective, you'll need to identify specific strategies your team is performing to accomplish the specific objective.