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Product Leaders as the Backbone of Strategy: How to Hold Where to Play and How to Win Together

Stop Arbitrating. Start Shaping Strategy.

Many Product leaders inherit a strange situation.

Sales and marketing have developed a strategy. Segments were defined. Positioning decks exist. “Where to play” was clarified.

Separately, segment strategies were written. Campaign plans exist. That’s the “how to win.”

On paper, everything looks strategic.

Where to play (WTP) and how to win (HTW) exist, but not as a living system. They were created in silos and never truly integrated. The product vision played no part.

The result is predictable: fragmented choices, local optimization, and no compounding advantage.

If this sounds familiar, you need to think bigger about your role. Prioritization conflicts and roadmap escalations are often symptoms of unmade decisions at the leadership level.

When these strategic choices are not made at the top, they don’t disappear. They resurface throughout the organization. If strategy does not establish clear choices and trade-offs, teams are forced to make those decisions themselves: in meetings, in prioritisation discussions, in individual initiatives. What should have been decided deliberately once gets negotiated implicitly hundreds of times, with inconsistent results (cf Eriksson, 2026).

One question often exposes this gap immediately:

“What are the three strategic bets that must work for this company to win?”

If the leadership team can’t answer this clearly and consistently, the strategy remains implicit. This is where the work begins: making those decisions explicit and structurally usable across the organization.

Beyond your traditional role as product visionaries and value creators, you take on additional roles in integrating strategy: You facilitate integrated strategic decisions, coordinate cross-functional perspectives, and safeguard consistency between strategy and portfolio.

A useful mental model comes from Playing to Win by Roger Martin and A.G. Lafley: strategy is a set of integrated choices about where you compete and how you win there. (cf Lafley/Martin, 2013)

The problem: Organizations structurally split strategic decisions across functions, with sales defining where to play and product management defining how to win.
That’s the structural flaw (cf Martin, 2020).

Here’s how to correct it.


Establish a single point of strategic accountability

Integrated WTP + HTW choices need one owner. No collective responsibility, no shared veto power.

One accountable leader, typically the CEO or a business unit leader, owns a small number of integrated choices.

If no one owns the integrated choice, Product becomes the referee between Sales, Marketing, and Engineering. You spend your time resolving conflicts instead of building advantage.

Your job: insist that each integrated decision is assigned to one clearly designated decision-maker with explicit accountability for outcomes. That includes openly naming which strategic choices the organization is making.

Without that, strategy drifts toward the lowest common denominator. With it, priorities sharpen.


Integrate WTP and HTW in one room, early

WTP (markets, segments, customers) and HTW (differentiation, capabilities, positioning) must be decided together. Too often, they are stitched together after the fact.

Sales sees demand signals. Marketing shapes narrative. Product understands capabilities and trade-offs. But these perspectives belong in the same conversation, before roadmaps and budgets harden.

Force that integration conversation before execution momentum makes it painful.


Fund only against an explicit theory of advantage

Most portfolios fall short not because of too few initiatives, but because they lack a coherent direction. When each project follows a different implicit strategy, nothing compounds. It disperses.

Without a clear theory of advantage (a convincing explanation of why competitors can’t or won’t match you) capacity allocation becomes reactive.

Only then should discretionary capacity be allocated. If an integrated set of choices does not strengthen that theory, it’s an optimization, not a strategy.

Your role: ensure the portfolio compounds advantage rather than dilutes it.


What this looks like in practice

If you do this consistently, you bring WTP and HTW choices into one shared format early, sharpen contributions into a testable advantage logic, and link every major initiative to a defined strategic hypothesis.

Each initiative can then clearly answer why it exists and which hypothesis it strengthens. When those connections hold, coherence emerges and the portfolio compounds.

When teams can explain how they’re executing but not why it matters strategically, or when ambition is clear but nobody can explain how it translates into action, there’s a gap in the logic.

Product leaders close those gaps. They keep closing them until strategic intent and day-to-day decisions visibly reinforce each other.

You don’t need to own strategy alone. But you need to make fragmentation visible and untenable.

When WTP and HTW are aligned under one accountable owner, integrated early, and funded against a clear theory of advantage, Product stops arbitrating. It becomes the structural backbone of company strategy.

Further reading on strategy:

  1. Eriksson, Martin (2026). The Decision Stack. Forthcoming.
  2. Lafley, A. G.; Martin, Roger L. (2013). Playing to Win: How Strategy Really Works. Boston, MA: Harvard Business Review Press.
  3. Martin, Roger L. (2020). On the Inseparability of Where-to-Play and How-to-Win. URL: https://rogerlmartin.substack.com/p/2020-12-28_on-the-inseparability-of-where-to-play-and-how-to-win-181c2ea5c463html
  4. Martin, Roger L. (2021). Can Your Strategy Pass Its Most Important Test? URL: https://rogerlmartin.substack.com/p/2021-07-19_can-your-strategy-pass-its-most-important-test-59293df6b3a7html

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