Key GPM models and frameworks
GPM is a discipline that focuses on driving user and revenue growth for digital products and services. Several key models and frameworks are commonly used in GPM to help product managers and teams achieve their growth goals. Here are some of the key models:
- Pirate metrics (AARRR framework): Pirate metrics (acquisition, activation, retention, referral, and revenue) is a framework that helps product managers analyze and optimize different stages of the user journey to drive growth. It provides a structured way to measure and improve key performance indicators (KPIs) during each stage.
- North Star metric: The North Star metric is a single, key metric that represents the core value a product delivers to its users. Product managers focus on this metric to align the entire team’s efforts toward achieving sustained growth. It helps maintain clarity and direction in the pursuit of growth.
- RICE framework: RICE (reach, impact, confidence, and...