1. Building Growth Teams Flashcards
(76 cards)
What was the main challenge BitTorrent faced when Pramod Sokke joined?
Growth of their desktop software had stalled and there was no mobile version.
What were the traditional departments at BitTorrent?
- Marketing
- Product management
- Engineering
- Data science
What was the focus of the BitTorrent marketing team?
Efforts exclusively at the ‘top of the funnel’ to raise customer awareness.
What role did the product marketing manager (PMM) play at BitTorrent?
Acted as the ‘voice of the customer,’ gaining insights into customer needs.
What discovery led to a significant increase in revenue for BitTorrent’s mobile app?
Users were unaware of the paid Pro version.
What was the result of adding a visual button to the app’s home screen?
An instant 92 percent increase in revenue per day from upgrades.
What was the ‘love hack’ that BitTorrent implemented?
Encouraging users to write reviews after downloading their first torrent.
How much did positive reviews increase after implementing the review prompt?
A 900 percent increase in four-and five-star reviews.
What was the primary challenge with siloed departments at BitTorrent?
Lack of collaboration between the product and marketing teams.
What feature did BitTorrent add to the Pro version to address user concerns?
A feature that turned off background file transfers when battery was low.
What was the result of the battery-saving feature?
A 47 percent increase in revenue.
How did the data analyst contribute to the BitTorrent mobile team’s success?
Tracked customer responses and helped evaluate experiment results.
What was the overall impact of the mobile team’s efforts at BitTorrent?
Revenue increased by 300 percent in a single year.
What cultural change occurred at BitTorrent due to the mobile team’s success?
Shifted from traditional silos to a collaborative growth-focused environment.
What did a McKinsey report highlight as a problem with departmental silos?
Silos slow innovation that drives growth.
According to research, what is more important to innovativeness than individual talent?
The ability to collaborate in networks.
What was the interaction frequency between employees in different business units?
Two similar employees in different units interacted much less frequently.
Fill in the blank: The app was only available from the _______.
Google Play store
True or False: The mobile team at BitTorrent operated without collaboration from other departments.
False
What did Annabell Satterfield emphasize in her role as PMM?
Driving growth throughout the funnel, including retention and monetization.
What is a common issue reported among business units regarding interaction?
There is very little interaction across boundaries between different business units
Two people in the same SBU interact about 1,000 times more frequently than those in different units.
Who is Professor Ranjay Gulati and what issue does he highlight?
He is a specialist on the silo problem and notes that lack of cross-departmental communication impedes customer-focused product development
His research indicates that knowledge is often siloed within organizations.
What is one proposed solution to the silo problem in organizations?
Creating cross-functional growth teams
This facilitates collaboration and understanding among different departments.
What roles should be included in a growth team?
Roles may include:
* Growth Lead
* Product Manager
* Software Engineers
* Marketing Specialists
* Data Analysts
* Product Designers
The specific makeup can vary by company and project.