MGT5 Lecture Notes - Lecture 4: Product Manager, Critical Role, Attention To Detail
SKILLS AND QUALITIES NEEDED TO BE A GOOD PRODUCT
MANAGER
Doers and tinkerers or thinkers and planners?
So what should a product manager be good at?
Should He/She be technical? Designer?
Jack-of-all-trades?
Leadership
●Product managers must be able to exert influence
across the organization while holding little formal
authority. He/She should be able to lead various
teams ahead to lead various teams ahead together.
Communication Skills
●Successful product managers are excellent
communicators.
●This is the most common characteristic shared by
all excellent product managers is written and oral
communication skills.
●They should be having a positive vibe when they
communicate.
●They should be having a positive vibe when they
communicate with others.
Why is this important?
-At most companies, a critical role product manager’s
play is acting as a communication hub on
product-related matters, between the engineers
designers and the other departments- as shown in the
figure.
A Continuous & Fast Learner
-Feel in control
-Get organised
-Be flexible
-Get connected
-Be proactive
-Create a personal vision
-Be able to solve problems
●A successful product manager must have the ability
to learn fast- even in areas that are relatively
new to them. Product managers with this ability
have the ability to manage products in new markets
with no major obstacles.
●Resilience
-Like entrepreneurs, product managers often must
make difficult decisions and pursue ambitious goals
with limited resources and imperfect information so
they must be resilient.
Business Acumen
●PMs must have a keen sense of the market and
intimate knowledge of customers’ requirements.
●They should know how to identify market
opportunities, importance of competitive
differentiation, creating winning product strategy,
Document Summary
Skills and qualities needed to be a good product. Product managers must be able to exert influence across the organization while holding little formal authority. He/she should be able to lead various teams ahead to lead various teams ahead together. This is the most common characteristic shared by all excellent product managers is written and oral communication skills. They should be having a positive vibe when they communicate. They should be having a positive vibe when they communicate with others. At most companies, a critical role product manager"s play is acting as a communication hub on product-related matters, between the engineers designers and the other departments- as shown in the figure. A successful product manager must have the ability to learn fast- even in areas that are relatively new to them. Product managers with this ability have the ability to manage products in new markets with no major obstacles.
