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Want to become a product manager but dont know where to start - productcamp bangalore
1. WANT TO BECOME A PM BUT
DON’T KNOW WHERE TO
START?
Pinkesh Shah
1
2. Who is this PM?
Talk about customers and their
problems as opposed to
company and their products
Business leader that
“orchestrates” all other
functions of the organization
Finds compelling solutions to
market problems and works
with the team to deliver delight
to customers
3. Where do they come from?
Customer facing product/service
professionals
Sales Engineers
QA Managers
Solution Architects
Program Managers/Project
Managers
Engineering Managers
Business Development
Business Analyst/Research Analyst
Fresh MBAs
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4. Where does they reside?
PM org can reside in one PM reporting
of many places –
Engineering CxO
32%
Marketing Engg.
Exec Management (CEO) 47%
Sales Mark
eting
Role might be influenced Sales
5% 16%
by org structure but the
goal should not! Adaptive’s Annual India PM/PMM survey 2010
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5. What are they called?
Role: product manager PM Titles
Title: Requirements Product Manager TPM
Analyst, product Project Manager Program Manager
manager PM), product
marketing 15%
manager(PMM), Techni
45%
cal product manager 10%
(TPM), brand
manager, product line 30%
manager
(PLM), Research
Manager, customer Adaptive’s Annual India PM/PMM survey 2010
manager…
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6. Who do they work with?
Internal External
Steering teams Customers
Executives Prospects
Engineering Partners
Marketing Analysts
Sales Thought leaders
Solution Architects Channel Sales
Project Managers Agencies
Support And more..
SEs
And more..
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7. What is a product?
A good or service offered by an
organization which affords a bundle of
benefits both objective (physical) and
subjective (image) to a user
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8. Value – what does this mean to you?
Value is the worth in monetary terms of the benefits
(economic, technical, service and social) in excess
of the costs incurred to realize those benefits
Marketing Management is the art and science of choosing target
markets and getting, keeping and growing customers through
creating, delivering and communicating superior customer value
Marketing Management, Philip Kotler
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9. Value Management = Product
Management
Communicating
Creating Value
Value
• Customer • Value • Value
Value • Define based • Positioning Channels
Modeling products Pricing Value Network
Prop
Understanding
Capturing Value Delivering Value
Value
Market Strategic Product Go To Sales
Analysis Planning Planning Market Enablement
Choosing to Building Building it Marketing it Selling
Build Profitably right right effectively
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12. The Backbone of a Good PM
Market Research, The Backbone of a Good PM
13. We consult with companies and enable
professionals to productize
Training Practice Areas
Train and certify product professionals for accelerated Product Management
career growth User Exerpeience
Consulting Agile
Helping companies launch new product lines and grow Product Marketing
existing ones throughout the product lifecycle with
predictable success.
Execution
Integrate with client’s management team and help set
and execute product strategy
13
Editor's Notes
Product marketing and product management are often fused together as inbound product management vs. outbound product managementOrganizationally where should a PM sit?Culturally it depends on the power houses – engineering, business etc.Discussion on who is doing product marketing and product management for you?
Internal (Sales, Execs, Dev, Mktg)Market Research – a lot of science, some artSciencePrimary research – original, lengthy, expensive.Custom/Deeper research, ask your own questionsQualitative – Interviews, focus groups, PAC/CAB.Quantitative – Surveys, ethnographies.Win/Loss AnalysisSecondary – analyst reports, internet info, channel/sales reportsArtApply the smell test – does this make common sense?Customers say they’ll buy but in similar situations, did they?After the Results – Influence & Unite team behind youRight timing for proposal? Organizational appetite?How to pitch the proposal to Steering Committee?