In small companies and startups, there is usually only one product manager. In large organizations, there are the following divisions in the hierarchy: Junior Product Manager – assistant to the product manager or a person who is responsible for only part of the product or service. Middle Product Manager is a product manager who oversees at least one product and is fully responsible for it.
Senior or Chief Product Manager
A specialist who builds a long-term strategy for the nepal phone number library development of a product line and manages a team of product managers. What industries do product managers work in? A product manager can work in different industries, from construction to IT. But in product management, a product is most often understood as a digital solution or a mix at the junction of digital and physical.
This could be, for example
An app for ordering groceries at home or an aggregator for searching for plane tickets. According to a study by ProductSence and Yandex Praktikum, in the IT sphere, product managers most often work in fintech and banks. This is what 26% of respondents create an empathy map in the context of your product answer in the survey. In second and third place in the rating are training services and online stores, including food delivery ones. In the IT sphere, product managers most often work in fintech and banks (data in %) Product Manager Tasks Every product has a life cycle – a set of stages from the development of an idea to its exit from the market.
All tasks of a product manager can
Be correlat with different stages of the life cycle. 1. Market cg leads research and idea development At the first stage, the product manager researches the market and potential customers, namely: Analyzes competitors. Evaluates which solutions have already been creat and. Studies trends. Gets acquaint with news and innovations in the industry in which he works. Finds out the nes of the audience. Including conducting marketing research: surveys, interviews, focus groups. Bas on the analysis, the manager comes up with a number of hypotheses about. What kind of product the market nes: what problems the target audience has and how they can be solv. If there are many hypotheses, the team conducts additional research and selects one or two best ideas that will be put into operation.