PM Academy
Lesson 5: Make it a bet, not a task
Initiatives turn building into hypotheses: if we build X, then Y moves, measured by Z.
An initiative is a strategic bet: a group of features aimed at one outcome, with a written hypothesis. It's the layer that separates a product strategy from a to-do list.
The feature factory and how to not become one
A feature factory ships constantly and learns nothing, output without outcomes. The fix is one sentence, written before you build:
If we build [these features], then [this number] moves, as measured by [this metric, from baseline to target].
The hypothesis is falsifiable on purpose. If the number doesn't move, the bet failed, and a failed bet you noticed beats a success you can't prove. Either way you learned; the factory never does.
What goes in an initiative
- A hypothesis in the if/then/measured-by shape.
- Linked features: the work that constitutes the bet (start with one; bets can be small).
- A target date: bets have deadlines; intentions don't.
- An owner: solo, that's you, but writing it keeps the habit for when it isn't.
Do it now
On Initiatives:
- Create an initiative for the problem your theme named.
- Link the feature you created in Lesson 4.
- Write the hypothesis. Real numbers, even if they're guesses, "signup conversion 2.1% → 3%" beats "improve onboarding."