Adam Schanfield
Verified Expert in Product Management
Product Manager
Chicago, IL, United States
Toptal member since November 28, 2019
Adam is a product and business strategist focused on building new customer solutions. He's adept at developing and articulating his customers' vision by combining disparate pieces of information into logical and compelling stories. He implements actions through organic and inorganic methods to drive organization growth, leads by example, and coaches team members and colleagues to become the best versions of themselves.
Project Highlights
Expertise
Work Experience
Vice President | Strategy and Innovation
Kin + Carta
- Recommended and implemented a business model shift in value-added services from pay-per-use to a subscription model, increasing customer lifetime value by 15%.
- Executed two in-depth customer research projects (same structure, different divisions) to baseline the multi-channel customer experience and improve it by implementing pragmatic roadmaps.
- Initiated a growth strategy for the adjacent customer base, leading to a 20% growth opportunity for the division.
- Led a year-long effort to plan, design, and launch innovative new services to improve the end consumer ownership experience. A working pilot was made six weeks after the BOD, and revenue was gained before one line of software was written. A full launch was done five months later.
- Created a market entry strategy into smart kitchen appliances, leading to client acquisition and further focus in this area; team praised by the client for working better than name brand strategy consulting firms.
- Created an API strategy for the securities servicing division of a global bank by finding 30 'like' clients to interview in a masked fashion and prioritizing use cases, development approach, and adoption considerations.
Founder, General Manager, and Product Owner
NAUTIC-ON, a Division of Brunswick Corporation
- Conceived of, created, and supervised all aspects of new business providing internet of things connectivity platform to boat owners, service providers, and boat builders. Held accountability for P&L and hired 7-person leadership team with responsibility for all areas of direct value chain, including product team, market team, and operations team.
- Designed new product vision and roadmap by utilizing design thinking, in-depth customer research, and financial model creation.
- Earned “Company to Watch” designation in TradeOnlyToday’s 2018 Most Innovative Company listing based on a successful brand launch campaign, starting at the February 2018 at Miami Boat Show.
- Brought award-winning product platform to market consisting of 5 distinct products (2 hardware, 3 software) that invented new ways to create customer delight through connectivity and digital experience.
- Drove significant improvement year-over-year in top- and bottom-line results by building a customer base, including new boat builders, aftermarket distribution, and dealerships.
- Created an operating model and ensured all processes were infused with customer obsession and agile principles; defined management cadence, implemented ERP system, and selected and oversaw suppliers for development, manufacturing, and logistics.
- Coached team members facing new, more ambiguous roles with elevated responsibilities, leading to personal brand enhancement, promotion opportunities, and consistent praise for achievement.
Director, Corporate Strategy
Brunswick Corporation
- Partnered with Brunswick’s senior leaders to articulate and implement the organization’s revenue and capability growth strategy.
- Spearheaded development of new corporate strategic plan leading to November 2017 Investor Presentation that articulated C-suite’s vision for the organization.
- Developed adjacency growth plan capability, utilizing venturing principles, design thinking, and lean startup methodology to test assumptions in low-cost fashion to learn about potential new business and product ideas.
- Created footprint strategy for European business, overcoming capacity constraints and supporting aggressive growth strategy while reducing risk exposure.
- Coordinated creation of advanced analytics capability, defining ambition clearly, creating the roadmap, and overseeing multi-year growth in team and capabilities leading to widespread incorporation in key initiatives.
Manager
Deloitte Consulting, LLP
- Held responsibility for the day-to-day delivery of client projects.
- Redesigned operating model and organizational structure for Manufacturing and Engineering functions of global consumer products company, improving collaboration and increasing productivity by 15%.
- Created and socialized interactive business case for $70B health care products company, guiding internal alignment and approval for the multi-year initiative to reduce recalls negatively impacting the business by over $1 billion.
- Improved ROI for ATM manufacturer's product development project portfolio 30% by auditing proposed project financials, developing new approval process, and balancing portfolio to more closely align with corporate strategy.
- Transformed front-end product development processes for consumer products company experiencing hyper-growth, enabling the company to transition from small to large organization.
- Recommended holistic product development improvement program to hardware and software manufacturers to improve profitability by at least $20‑25 million through improvement in both project selection and execution.
- Increased return on marketing investment by 6 points at large insurance company by optimizing marketing mix, reducing third party marketing and advertising expenses, and increasing level of brand engagement and value of each impression.
Product Manager, Program Manager, Strategy
Mercury Marine
- Held accountability for successful cross-functional delivery of 5 product programs from inception to launch, including hardware and software programs.
- Served on a two-person product management team for a $300 million business product platform.
- Performed business portfolio analysis for 13 non-core businesses; 5 were divested as the direct result of recommendations.
- Developed new product strategy for a highly profitable product line under competitive threat; resulted in avoidance of market share loss and slight market share gain.
- Brought agile methodology to software product development for a highly engineered products company resulting in greater software velocity and a greater focus on features that delighted customers.
Project History
Internet of Things Business in Marine
https://www.nautic-on.com/Designed and launched an IoT and SaaS business in the marine industry as an intrapreneur for Brunswick Corporation.
- A new product
- A new business
- A new team
- A new brand
- Through new channels
NAUTIC-ON is an innovative marine company that created the smart boating category, which is defined as:
- Maximizing your time on the water & knowing your boat is ready
- Minimizing maintenance and repair costs by preventing serious issues through advanced insight.
- Growing your boating IQ with cutting edge technology & professional industry knowledge to improve your boating experience
I designed and co-founded this business. The design portion was in the first half of 2017. We started pursuing with purpose towards the defined direction in the summer of 2017. The brand was soft-launched in December 2017, with a public launch in February 2018. The app went live on the app store in May 2018, and we were off to the races!
Through this project, the business and I won many awards:
- Innovative company to watch in the industry (2018)
- Industry top products (2019)
- I was named 40 under 40 in the marine industry (2018)
Adjacent Growth in the RV Industry
I led the strategy, design, and execution design and launched innovative new services to solve the service experience in the RV industry.
1. We had a working pilot six weeks after the board approved the strategy.
2. We gained revenue before one line of software was written.
3. An MVP product was launched five months later.
4. I trained and enabled the client to manage the business on their own four months after that (at approximately the 1-year mark).
The team was to take full ownership of the opportunity at the 1-year mark.
CX Baseline
I executed two in-depth customer research projects (same structure, different divisions) to baseline the multi-channel customer experience and improve via pragmatic roadmaps that were implemented.
Distributor: New Data Service Revenue Stream
I recommended and implemented a business model shift in value-added services from pay-per-use to a subscription model, increasing customer lifetime value by 15%.
Top 10 Global Bank client: Created API Strategy
I created an API strategy for the securities servicing division by finding 30 'like' clients to interview in a masked fashion and prioritizing use cases, development approach, and adoption considerations
Open Ended Design Research to Create New Concepts
Managed a project that resulted in three very strong new product and service offerings through a 7-week process.
Project highlights include two rounds of interviews - with 7-10 people in each round. The first round focused on learning the consumer and understanding their pain points and jobs to be done. The second round focused on testing a handful of different prototypes to filter the
Project schedule:
Week 1: Secondary research
Week 2: Interview, round 1
Week 3: Research analysis and insight structuring
Week 4: Hypothesis Generation and concept generation
Week 5: Interview, round 2 - hypothesis testing
Week 6: Synthesis and final results
Week 7: Wrap up, next steps, and final presentation
Key results: Three new concepts, with associated business models:
1. Social Application for a targeted market
2. A camera + video synthesis product to drive positive memories
3. A matching service to pair novice with expert participants for mentoring relationships
The social application went on to the next round of development - an MVP was built to begin to build the product line and business model
New Product Development Portfolio Analysis
Improved risk-adjusted ROI of a product development portfolio by 30%.
Product strategy was historically based on engineering talent available and evenly spreading investment dollars by product line.
Developed a new product portfolio planning process and the first portfolio strategy.
The process included setting targets by type of project, auditing project financials, and investment.
The portfolio strategy then optimized the mix of projects based on the key criteria.
Facilitate 1-Week Design Sprint
Led a team through a one-week sprint to quickly develop and test ideas focused on digital and service products innovation
The challenge was how to provide better service in the marine industry.
Monday: Baseline knowledge - interview subject matter experts, document initial insights, and build rapport within the team; begin to source interview candidates for Friday.
Key conclusions were that maintenance and repair was a major problem.
Tuesday: Morning: Development frameworks from the insights; Afternoon: Structured ideation based on these frameworks.
Wednesday: First two hours: Finalize ideation quickly int he morning; the remaining portion of the day: rank ideas and align on approach to pursue. The team chose to pursue a "prepaid maintenance plan" that would be co-sold with dealers.
Thursday: Develop prototypes of the product. In this situation, it was brochures, pricing, and a very basic video
Friday: Interview six consumers to test their response.
Conclusion: Interest in the high-level concept, but work needed on the details of what was included, pricing, and why the value proposition worked
Overall, this was a shotgun start to what has become a profitable service that was launched six months later.
Advanced Analytics Market Understanding
Developed new knowledge of retail markets for senior management by leading a data scientist to analyze a massive dataset.
2. Managed a data scientist to analyze this data set by focusing on key outcomes and what we needed to learn to
3. Helped data scientist synthesize and present findings, which led to a narrowing of the company's target market
Education
Master's Degree in Business Administration
University of Michigan - Ann Arbor, MI
Bachelor's Degree in Business Administration
Washington University in St. Louis - Saint Louis, MO
Certifications
Lean Six Sigma Green Belt
Brunswick Corporation
Skills
Tools
Zoom, Trello, Confluence, Jira
Paradigms
Design Thinking, Waterfall Development, Agile Project Management, Agile, Scrum, Kanban, Agile Product Management, Marketplace Platforms
Industry Expertise
New Business Ventures, Automotive, Marketplaces, Pharmaceuticals, Consumer Products
Platforms
Google Cloud Platform (GCP), Azure
Other
Product Growth, Design Research, Consumer-facing Product Design, Business to Business (B2B), Innovation Management, Innovation, Product Strategy, Business Strategy, Business Unit Strategy, Storyboarding, Strategy, Company Strategy, Product Planning, Feature Planning, Business Modeling, Business Model Canvas, Business Models, Internet of Things (IoT), Intrapreneurship, Consumer Insights, Process Flows, Product Owner, Digital Product Management, B2B, Product Management, Ideation, Customer Analysis, Go-to-market Strategy, Data Analytics, Market Research, Product Development, Team Leadership, Project Management, Team Management, Software Development, Leadership, Minimum Viable Product (MVP), Pitch Decks, Product Discovery, Manufacturing, Software as a Service (SaaS), Waterfall Delivery, Business to Consumer (B2C), Competitive Strategy, Process Design, Storytelling, Story Mapping, Pricing Strategy, Small Business, Entrepreneurship, Lean Startups, Strategic Partnerships, Partnerships, Partnership Strategies, Business Processes, Business Process Modeling, SaaS, SaaS Design, Product Design, Product Marketing, Product Launch, Lean Product Development, Product Mapping, Consumer Behavior, Consumer Electronics, Consumer Services, Consumer Technology, Waterfall Methodology, eCommerce, Data Strategy, Generative Artificial Intelligence (GenAI), Technology Strategy & Architecture, APIs, Design Requirements, Technical Requirements, Conceptualization, Web Applications, Artificial Intelligence (AI), Web Development, Startups, Marketing Strategy, Multi-channel, Enterprise SaaS, Large-scale Systems, Motivation, Organization, Website Redesign, Technical Product Management, AI Product Management, Product Support, Data, Marketing, Customer Research, Roadmaps, Board of Directors, Business Design, Content Management Systems (CMS), Chatbots, iOS, Prototyping, Online Payments
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