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Developing New Products

30/11/2017

"In the 21st century, an illiterate is not one who cannot read or write,

  but one who is unwilling to learn, unlearn, and relearn"

Harvard Business Review

Role of a Product Manager:

  • Wide background of skills
  • Specific awareness and understanding of the product line:
  • What does the product do?
  • Technology and IT
  • Target market
  • Forecast competitive changes and movements in market conditions
  • Understand market & client needs
  • Maximise product value
  • Ensure excellence in Customer Service
  • Identify new product opportunities
  • Act as the catalyst for innovation
  • Develop individual product fact books - update regularly
  • Overview / USP / Pricing etc.
  • Optimisation
  • Competitor analysis
  • Identification / Evaluation of products / Strategic aims
  • Product management also encompasses management of processes and projects

"There are three kinds of people in this world:
those who make things happen,

those who watch things happen,

and those who wonder what happened"

What kind are you? 

 

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