Product management is one of the highest paying jobs. This is because it is an integral part of an organization’s operation. As the name entails, product managers are charged with overseeing products from conception to execution. Product managers acts as a connector for business, technology and customers.
The product manager is responsible for arranging and executing product all through the product’s lifecycle, including: assembling and organizing products and client necessities, characterizing the product vision, and working with design team, sealing deals, promoting and backing to guarantee income and consumer loyalty objectives are met.
The product manager also guarantees that the product meets the organization's general vision and objectives.
An organization’s product manager also collates customer experiences ( via feedbacks and other means), creating product pricing, and determining feature requirements, and other things.
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Product managers bring to life product ideas expected to lead the organization and settle on key product choices. They regularly investigate market and industry trends and shifts, spreading out any product vision that is separated and conveys interesting value dependent on customer inclination. The job traverses numerous exercises from key to strategic and gives significant intra-organization collaboration — most especially between engineering/design, advertisement/marketing, sales, and sales groups.
In addition, the product manager is the one in charge of characterizing the why, when, and what of the product that the engineering group constructs. This implies they lead teams made up of professional from different subdivisions of an organization from a product’s origination right through to its actualization and launch.
The product manager is answerable for setting an product vision and creating the strategy for it’s creation and rollout. Their responsibility is explain the business model to the product team so they comprehend the goal behind the new product or product discharge. The product manager organizes what is important most to accomplish the vital objectives and activities behind the product.
Ideas are easy to birth — however it is hard to oversee and organize them. Product managers own the innovative cycle of producing, creating, and curating innovative product ideas. They figure out which ideas ought to be elevated into highlights to promote the product forward — in particular those that will accomplish key targets for the product offering and business. To this end, they guarantee that criticism and solicitations are flawlessly incorporated into their product strategy and improvement measures. Products managers at that point convey the status of ideas back to the customers, colleagues, and team members.
The average salary for a Senior Product Manager in South Africa is R696,213.
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