Delve into the world of product management, exploring its role in a business and how it drives value, from basic understanding to practical applications.
What is product management in simple words?
Product Management is the general business practice within a company that supports and manages all the activities related to planning, developing, marketing, and launching a product. The Product Management role usually falls within the product development department.
How would you explain product management to a stranger?
Product management is the job of looking after a specific product within a business. It’s a role at the very heart of an organization that needs to balance the need to deliver value to your company (usually profit) with what customers want and what’s technically and operationally possible.
How would you explain product management to 5 years old?
A lot like Legos That makes sense to us — product managers are builders, taking various components and working to put them together into something useful. However, products don’t come with instructions, so PMs need to use some creativity and trial-and-error to get all of the pieces into the right place.
How do you describe product management experience?
A primary focus of a PM is the end-user of their product. Therefore, much of a product manager’s time is spent conducting and analyzing both market research and user research, either in partnership with dedicated research teams or on their own, depending on the size of their organization.