As a recent thread
in a very large product management group on LinkedIn ("So what do you do exactly?") demonstrated (with over 400 responses), we as a community have
a bit of difficulty agreeing on what it is we do. We very often hear that PMs are
"mini-CEO's". While it's a nice idea and somewhat captures the broad, diverse nature of our responsibility, in my experience, a few direct questions are
enough to demonstrate that most product managers are NOT really CEO-like,
e.g., "How much budget authority do you have?"
While I understand
ours is a nebulous craft, I'm concerned that overstating what we do does little
to improve our credibility (and let's face it, in general, credibility is an
issue in our profession). At the same time, we have no reason to be coy and understate
the critical role many of us play in ensuring the success of our products and
thus the company we work for.
After careful
consideration, I'll propose a definition, or at least a framework for a
definition of product management, that I think is at once accurate (not overstated) yet broad enough
to underscore the criticality of product management to successful product
development. My definition is based on a simple, intuitive paradigm that was
used at one of my previous employers. We often spoke about the people
responsible for getting the product "on the shelf" and those
responsible for getting it "off the shelf" (and the need for these
folks to stay in sync!). The latter referred primarily to marketing, sales and
professional services. That left, in effect, product management accountable for
getting the product on the shelf. We all know that things are never that well
delineated in the life of product managers, and clearly, product managers have
a vested interest in making sure a product sells. But, in my career, the lion's
share of my time was spent making sure the right product got on the shelf at
the right time at a cost that supported our business goals. I was keenly
interested in how our product was positioned, how sales were going, with
customer support issues etc., but cannot honestly say that I was accountable
for these activities. For example, I could try to influence sales planning (and
did), but was not at the table when incentives were being defined or sales
campaigns were being planned. Other PMs have different experiences, but I've
seen very little evidence of broad involvement by product managers in the
activities I mentioned (and many others I didn't).
So there your go: My
new default response when asked what a product manager does is "We make
sure the right product is available to the market at the right time at a cost
that supports (business) success."
What do you think? Does my definition reflect your experience?
Next post: Getting Ahead of Tomorrow's Problems: Got Research?
You can find more information on me (including upcoming training dates) at www.prickril.com.
Next post: Getting Ahead of Tomorrow's Problems: Got Research?
You can find more information on me (including upcoming training dates) at www.prickril.com.