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Product Manager
2 weeks ago
ROLES AND RESPONSIBILITIES:
Strategic and Planning
- Recommend and develop the Products & Marketing functional strategy in line with business vision, mission, and corporate objectives.
- Ensure that the overall business strategy is translated into annual Products & Marketing operational business plans and the performance is monitored to ensure business plans are in line with the overall strategy.
Policy, Procedures, Process and Systems
Recommend & develop Product & Marketing functional policy, systems, processes, procedures, and controls covering all Product & Marketing functional areas in line with policies to ensure fulfilment of all relevant procedural/legislative requirements while delivering quality and cost-effective service in a consistent manner.
Compliance
Manage Products & Marketing compliance frameworks and programs within the Products & Marketing department, ensuring alignment with local and international laws, regulations, and industry standards.
B. Core Responsibilities:
Product and Performance Management
- Manage the Photocopiers and Calculators product portfolio within designated geographical territories.
- Recommend & develop product strategies that safeguard product lifecycle and secure a strategic market position, price positioning and by model profitability.
- Conduct in-depth analysis of market trends and pricing dynamics to uphold competitiveness and bolster profitability.
- Ensure that all products and marketing efforts comply with relevant industry regulations and standards.
- Assist in the strategic planning and execution of new product launches, ensuring successful market entry and sustained growth.
- Recommend, develop and maintain a product training program for both internal teams (sales, support) and external partners/dealers, ensuring that they are well-versed in product features, benefits, and applications.
Partner Management
- Work closely with partners to understand their needs and assist them in gaining a better share in the market.
- Develop and maintain strong relationships with partners to ensure effective collaboration and communication.
- Provide guidance and support to partners on product positioning, pricing, and marketing strategies.
Marketing
- Collaborating seamlessly with cross-functional teams to meticulously devise and execute comprehensive marketing plans and dynamic campaigns.
- Mining market trends and unraveling customer insights to unearth promising growth opportunities and innovative pathways.
- Ensuring the seamless alignment and effective communication of marketing strategies with both the product and sales teams.
Budget Management
- Collaborate in setting internal and HQ related sales budget, by account, by fiscal, by model.
- Guide and motivate Sales Account Managers and Partners to ensure that overall sales budgets are met in alignment with internal guidelines and targets.
- Monitor and report on budget performance to ensure alignment with business objectives.
Performance Management
- Recommend & develop performance metrics to measure the effectiveness of product and marketing strategies.
- Monitor and report on performance metrics to ensure steadfast alignment with overarching business objectives.
- Use performance insights to inform continuous improvement and optimization of product and marketing strategies.
Market Expansion
- Explore opportunities for expanding product presence into new international markets and develop entry strategies.
- Present product and marketing strategies, performance updates, and future plans to the senior management team.
- Contribute to the development of the company's long-term strategic vision, ensuring alignment with product and marketing strategies.
- Identify potential risks and market challenges that may impact product performance and devise contingency plans to mitigate them.
Customer Relationship Management
- Develop and conduct product-focused training programs for the sales force to enhance their product expertise.
- Collaborate closely with the sales team to provide them with the necessary product knowledge, tools, and materials for effective selling.
C. Development Responsibilities:
Culture
- Promote a culture of innovation and continuous improvement.
- Create and foster a collaborative work environment within the Products and Marketing team.
Coaching and Mentoring
- Provide guidance, mentorship, and coaching to junior team members, assisting in their professional growth and skill development.
- Foster a collaborative and knowledge-sharing environment within the team, encouraging continuous learning and improvement.
REQUIREMENTS:
- Bachelor's degree in marketing, Business Administration, Engineering, Management, or equivalent is required.
- Master's degree in executive MBA, Engineering, Management or equivalent is preferred.
- Experience in the multi-functional printers is mandatory
Product Strategy and Vision
Defining Product Vision
- Creating a clear and compelling vision for the product that aligns with the company's goals and customer needs.
- Communicating this vision to stakeholders and ensuring the product's development aligns with long-term strategic goals.
Setting Product Strategy
- Developing a strategic plan for the product, including market positioning, target audience, and competitive advantage.
- Continuously evaluating and adjusting the product strategy based on market trends, customer feedback, and business objectives.
Product Roadmap Creation
- Creating and maintaining a product roadmap that outlines the key features, milestones, and timelines for product development.
- Prioritizing product initiatives based on customer impact, business value, and resource availability.
Market Research and Analysis
Conducting Market Research
- Researching and analyzing market trends, customer needs, and competitor products.
- Gathering insights to inform product decisions and identify market gaps or opportunities.
Customer Feedback and Validation
- Engaging with customers to collect feedback through surveys, interviews, and usability testing.
- Validating product ideas and features with real-world user feedback to ensure the product addresses customer pain points.
Competitor Analysis
- Monitoring competitor products and features to identify strengths, weaknesses, and opportunities for differentiation.
- Ensuring the product remains competitive in the market by adjusting the product's offerings as needed.
Product Development and Execution
Collaborating with Cross-Functional Teams
- Working closely with engineering, design, marketing, sales, and support teams to ensure seamless product development.
- Ensuring all teams are aligned with the product vision, goals, and deadlines.
Feature Prioritization and Roadmap Management
- Deciding which features to build and when, based on customer needs, business value, and technical feasibility.
- Balancing short-term demands with long-term strategic goals and managing product backlogs.
Defining Product Requirements
- Writing clear and detailed product requirements (e.g., user stories, functional specifications) to guide the development process.
- Translating business goals into actionable tasks for the engineering and design teams.
Agile Methodology and Sprint Planning
- Using Agile methodologies (e.g., Scrum, Kanban) to manage product development cycles.
- Organizing and participating in sprint planning, daily standups, and reviews to ensure the team is meeting product goals.