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Industry : Management & Strategy Consulting Functional Area : Valuation
Activity:  2 comments  539 views  last activity : 07 06 2010 20:18:04 +0000
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Deliver customer value, not product features

If you want to be a good product manager, try to deliver the fewest features which will provide the most value. Customers buy products because of the needs that the product fulfills and the problems the product solves. Features in and of themselves are useless — they exist to fill a need. Customers will find product features valuable only if those features satisfy a need and if the act of filling that need is something which is valuable to the customer.

Stop gathering requirements

A manager understand unmet needs and use that insight to drive requirements. A product manager who just “gathers requirements” is doing nothing more than taking orders or documenting requests. Good product managers add value to their product by understanding the problems and needs behind requests.

Delegate tactical responsibilities

Delegation of tactical activities to allow you to spend time on the strategic aspects of the job. Effective product managers pass on product knowledge and responsibility for tactical decision-making as much as possible to others on the product development team. By leveraging the rest of the team, the product manager can focus on the strategic role of product management.

Choose promotions for effectiveness, not coolness

Though there are plenty of ways to draw attention to your product, good product managers should instead focus on defining the key performance indicators for marketing initiatives and working with the product marketing manager to choose the most appropriate ways to meet those goals. In some cases, that may mean using newer and “innovative” promotional methods; in others, that may mean that more traditional approaches will be best

 
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2 comments on "How to be a good product manager"
  Commented by  varsha mishra, technical Manager(QMS), rfrac    | 10 08 2008 19:45:27 +0000
gud 1
  Commented by  Jaygopal Raghavan, Head/VP/GM-Client Servicing, Percept Holdings    | 06 24 2008 08:56:50 +0000
Absolutely well said however i would like to add one more point which is very important- get your placing and pricing right. Quite often we have seen good products getting trumped because of the wrong pricing and similarly even the availability factor too has a role to play. 
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