Becoming a good product manager could be a challenge because he has to conform to customer demands while catering to company demands and still maintain a huge margin of profit. A product manager must be extremely good with people because he has to work in perfect correlation with his clients, sales people, engineers, management and so many others. While entrusted with the task of designing a product, he must ask questions so he will get all points of the production process clarified and taken care of. If he has active listening skills and an exceptional memory, he will be able to create products that can challenge competition. The product manager must involve himself every step of the way - right from strategic planning of the product to its tactical activities. He must be a motivated individual who can come up with instant solutions to problems. He must generate a positive attitude and keep the motivation levels high, both among the technical team and the sales team.
Product managers are responsible for designing products that aim to maximize the Return On Investment for the company. They must be good with technology to (1)design new and unique products that customers readily accept and (2)upgrade the value of existing products. The product manager must have a business mind and a technical mind in equal balance so he will be able to do a remarkable job in product positioning. He must be able to work in compliance with the engineering and sales team to provide innovative solutions to a broader market.
• Quick problem solving capabilities
• Time management skills
• Excellent communication skills
• Analytic skills