What is Product Management?
Product Management is the practice of strategically driving the development, market launch, and continual support and improvement of a company's products. Product Managers act as the bridge between business, technology, and user experience teams to ensure products meet market needs and business objectives.
Key Responsibilities:
- Define product vision and strategy
- Conduct market research and competitive analysis
- Prioritise features and manage product roadmap
- Collaborate with engineering, design, and marketing teams
- Analyse product metrics and user feedback
- Make data-driven decisions for product improvements
Types of Product Managers
1. Technical Product Manager (TPM)
- Focus: Deep technical understanding of the product
- Responsibilities:
- Work closely with engineering teams
- Make technical trade-off decisions
- Understand system architecture and APIs
- Bridge the gap between technical and business teams
- Background: Usually from engineering or computer science
2. Growth Product Manager
- Focus: User acquisition, retention, and monetisation
- Responsibilities:
- Optimise user funnels and conversion rates
- A/B test features for growth
- Analyse user behaviour and metrics
- Drive product-led growth initiatives
- Background: Marketing, analytics, or data science
3. Platform Product Manager
- Focus: Internal tools and infrastructure