Generally speaking, product managers are in charge of supervising the production aspects of a given product or products. They are responsible for reaching product goals while following strict safety standards. In addition, they must have leadership skills to solve problems, guide their team and motivate their workers. They will also often train current and new production workers regarding rules and using certain technology and equipment. They also may manage expenses according to their area of responsibility and create performance reports on a regular basis. Product managers can also oversee product line budgets and make important financial decisions. They generally report their performance to the product director of their organization. They can also develop sales strategies, training materials and develop effective product plans in order to increase overall sales. They cooperate with other departments in their organization to achieve common company objectives.
Their environment can be varied, and product managers can work in an office setting or at a production plant depending on the company product. One of their main tools is a personal computer. In addition, they should have strong knowledge and experience working with office programs, such as Word, Excel and PowerPoint. They usually also have knowledge of specialized programs or software that is used within their field. They are required to monitor inventory, and order new supplies when needed. They can contribute to product marketing initiatives with ideas and solutions. They may also provide field assistance to vendors and clients to create and maintain business relationships. They should have a great attitude when working in a team environment with other managers. They should also have strong oral and written communication abilities. These types of positions usually require proven managerial experience in a similar role. A four year degree in business management or a related field to product design and management is usually the educational prerequisite. Additional leadership certifications are also usually a plus.
Product Manager, (Unspecified Type) Tasks
- Develop pricing strategies to maximize the firm's profits and market share.
- Oversee product development and monitor trends that indicate the need for new products and services.
- Determine the demand for products and services offered by a firm and its competitors.