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The State of Product Management in India 2012


      Confianzys Consulting Pvt Ltd
Objective of the Survey:
 Understand and improve Product Management
  Ecosystem in India
 Help address the practical challenges (both internal
  and external) faced by Product Management
  practitioners
 How are Product Managers equipping themselves
  on the road to product success
Sample Size:
 Survey sent to 200+ Product Managers

 100 responded (Qualitative and Quantitative data)
Data Analysis
Product Managers involved in New Product Launch:

                               Product Launch


                          13.21%


                                                                      Yes
                                                                      No
                                          86.79%




 Insight: Most of the Product Managers have taken part in product
 conceptualization, building and launching of products

                                                     Source: www.confianzys.com
Product Manager’s Launch Success

                                     Product Success

                                                     45.28%
        50%
        45%
        40%
        35%                           26.42%
        30%
        25%
                     15.09%                                            13.21%
        20%
        15%
        10%
         5%
         0%
               Highly Successful   Successful   Can be better     Not yet launched


Insight: Many of the product managers feel that their recently launched product
could have been more successful in the market. This may be accounted to many
external / internal challenges and the nascent stage of Product Management in
India
                                                                Source: www.confianzys.com
Product Manager’s Contribution
                                        Key Deliverables

          50%


          40%

                    25.24%         26.21%
          30%                                     22.33%        21.36%

          20%


          10%                                                                  4.85%


           0%
                Business Case      Market      Market Plan   Product Road    Others
                                Requirements                     Map



Insight: Product Mangers in India are beginning to spend more time on defining the
right problems rather than rushing to wrong solutions/products.

                                                                      Source: www.confianzys.com
Product Management function in the Organization
                            Product Management resides in

                                   43%
       50%

       40%          32%

       30%
                                                 19%
       20%
                                                                  6%
       10%

        0%
                Corporate       Marketing   Engineering       Others
                 Function


Insight: Few companies assign product management as a corporate function,
indicating that companies are yet to give product management a key role and treat it
as a separate entity that communicates directly with other teams.
                                                          Source: www.confianzys.com
Key Roadblocks - Internal
                            Top Internal Challenges

       50%
       40%
       30%                                                   22%
                             16%            17%
       20%            12%           13%
               11%                                 9%
       10%                                                            1%

        0%




Insight: Role definition and implementation as well as knowledge related
challenges were the top internal challenges faced by most Product Managers.
This indicates that the increase in the awareness of what PM’s role in the
organization is a must.
                                                      Source: www.confianzys.com
Key Roadblocks - External
                           Top External Challenges

      50%

      40%

      30%                                  22%
              16%    17%
                            15%
      20%                          10%            11%       8%
      10%                                                            1%
       0%




  Insights: Most respondents felt conducting Market Research, validating
  Market opportunities and articulating Market Needs & prioritizing Customer
  needs were the external challenges faced by them.

                                                     Source: www.confianzys.com
Market-Centric Measures Adopted
                             How to overcome the challenges?

      50%

      40%

      30%                                            24%
                                 19%
                  18%
                                                                  17%
      20%
                                                                            13%
                                              9%
      10%

       0%
            Market Driven   Structured PM   Tools   Skills   Executive   Validated
            Methodology       Processes                       Support    Learning

 With more emphasis given to market driven methodology, tools, skills and
 structured PM processes to overcome challenges, this indicate the need for PM
 training in the Indian market. Given that many product managers move into the
 space from engineering, there is value in learning to become market-centric and
 approach product management in the right way
                                                               Source: www.confianzys.com
Priority “Impact Pillars” for Improvement
                            Areas of Improvement


   50%

   40%         29.67%          28.57%
                                                 23.08%
   30%
                                                                     18.68%
   20%

   10%

    0%
             Market          Customer          Process        Business Value and
           Opportunities   Understanding   Standardization      evangelization
           Examination


 Most Product Managers felt that they needed immediate improvements in
 market opportunity identification, customer needs understanding and
 process adoption indicating the fact that they wanted to take more
 responsibilities pertaining to understand the market and the customers
                                                             Source: www.confianzys.com
Scientific Pricing Methodology Adopted



                                       24.53%


                                                                  Yes
               75.47%                                             No




    Not having any scientific pricing methodology would be an
    alarming concern for the product’s success and further roadmaps.

                                                  Source: www.confianzys.com
Formal Product Performance Review Mechanism




              45.28%
                                                54.72%               Yes
                                                                     No




  A formal review process for Product Management is institutionalized in
  many product companies across India. Still a wide spread adoption is
  yet to be seen

                                                    Source: www.confianzys.com
Thank You!!
To know more, visit
http://www.confianzys.com/blog/index.php/2012/06/27/the-
state-of-product-management-in-india-2012/ /

Contact us at engage@confianzys.com or 080 4084 7500

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The State of Product Management in India - Confianzys PM Survey 2012

  • 1. The State of Product Management in India 2012 Confianzys Consulting Pvt Ltd
  • 2. Objective of the Survey:  Understand and improve Product Management Ecosystem in India  Help address the practical challenges (both internal and external) faced by Product Management practitioners  How are Product Managers equipping themselves on the road to product success Sample Size:  Survey sent to 200+ Product Managers  100 responded (Qualitative and Quantitative data)
  • 4. Product Managers involved in New Product Launch: Product Launch 13.21% Yes No 86.79% Insight: Most of the Product Managers have taken part in product conceptualization, building and launching of products Source: www.confianzys.com
  • 5. Product Manager’s Launch Success Product Success 45.28% 50% 45% 40% 35% 26.42% 30% 25% 15.09% 13.21% 20% 15% 10% 5% 0% Highly Successful Successful Can be better Not yet launched Insight: Many of the product managers feel that their recently launched product could have been more successful in the market. This may be accounted to many external / internal challenges and the nascent stage of Product Management in India Source: www.confianzys.com
  • 6. Product Manager’s Contribution Key Deliverables 50% 40% 25.24% 26.21% 30% 22.33% 21.36% 20% 10% 4.85% 0% Business Case Market Market Plan Product Road Others Requirements Map Insight: Product Mangers in India are beginning to spend more time on defining the right problems rather than rushing to wrong solutions/products. Source: www.confianzys.com
  • 7. Product Management function in the Organization Product Management resides in 43% 50% 40% 32% 30% 19% 20% 6% 10% 0% Corporate Marketing Engineering Others Function Insight: Few companies assign product management as a corporate function, indicating that companies are yet to give product management a key role and treat it as a separate entity that communicates directly with other teams. Source: www.confianzys.com
  • 8. Key Roadblocks - Internal Top Internal Challenges 50% 40% 30% 22% 16% 17% 20% 12% 13% 11% 9% 10% 1% 0% Insight: Role definition and implementation as well as knowledge related challenges were the top internal challenges faced by most Product Managers. This indicates that the increase in the awareness of what PM’s role in the organization is a must. Source: www.confianzys.com
  • 9. Key Roadblocks - External Top External Challenges 50% 40% 30% 22% 16% 17% 15% 20% 10% 11% 8% 10% 1% 0% Insights: Most respondents felt conducting Market Research, validating Market opportunities and articulating Market Needs & prioritizing Customer needs were the external challenges faced by them. Source: www.confianzys.com
  • 10. Market-Centric Measures Adopted How to overcome the challenges? 50% 40% 30% 24% 19% 18% 17% 20% 13% 9% 10% 0% Market Driven Structured PM Tools Skills Executive Validated Methodology Processes Support Learning With more emphasis given to market driven methodology, tools, skills and structured PM processes to overcome challenges, this indicate the need for PM training in the Indian market. Given that many product managers move into the space from engineering, there is value in learning to become market-centric and approach product management in the right way Source: www.confianzys.com
  • 11. Priority “Impact Pillars” for Improvement Areas of Improvement 50% 40% 29.67% 28.57% 23.08% 30% 18.68% 20% 10% 0% Market Customer Process Business Value and Opportunities Understanding Standardization evangelization Examination Most Product Managers felt that they needed immediate improvements in market opportunity identification, customer needs understanding and process adoption indicating the fact that they wanted to take more responsibilities pertaining to understand the market and the customers Source: www.confianzys.com
  • 12. Scientific Pricing Methodology Adopted 24.53% Yes 75.47% No Not having any scientific pricing methodology would be an alarming concern for the product’s success and further roadmaps. Source: www.confianzys.com
  • 13. Formal Product Performance Review Mechanism 45.28% 54.72% Yes No A formal review process for Product Management is institutionalized in many product companies across India. Still a wide spread adoption is yet to be seen Source: www.confianzys.com
  • 14. Thank You!! To know more, visit http://www.confianzys.com/blog/index.php/2012/06/27/the- state-of-product-management-in-india-2012/ / Contact us at engage@confianzys.com or 080 4084 7500