Want this question answered?
It depends on the product, the company, the current employment market for product managers, and the individual's education, experience and performance.
Product performance is the measurement of how a product performs. Some products have a very high product performance while others do not perform so well. The majority of product performance is based on consumer feedback.
"A Product Manager oversees the development of a product from concept development, through system demonstration, and into production. The Product Manager is responsible for the COST of the overall program to bring the item to market, the SCHEDULE of the development process, and the PERFORMANCE of the item once it is into production." This is the way most people think of product management, and it's a little off. In reality this is what a PROJECT manager is responsible for. A project manager is responsible for getting the product completed on time, on budget and on schedule. In simple terms a PRODUCT manager is responsible for the overall success of a product from its birth to its burial; the product lifecycle. Product managers maximize a products return on investment by evaluating the product vs. its place in the market and where the product is in it's lifecycle. Maybe the product needs to an update to extend its lifecycle or maybe the product has matured enough to become a commodity in the market so it's price may need to be rethought. Product Managers are the key to getting the most bang out of you products.
The abbreviation for assistant product manager is APM. This manager would be in charge of assure the product is in stock and the presentation is optimal for sells.
A product manager is responsible for developing and overseeing the products that an organization produces. According to Marty Cagan, writing in his book Inspire, the job of a product manager is "to discover a product that is valuable, usable, and feasible."
A product manager explores, decides and motivates the advancement of a certain product for an organization. They will have to consider the demographic, the competition and the product image. Product manager can also refer to people who manage intangible goods like information, services and music.
Decisions at the first level of product management involve the marketing mix for an individual brand/product. These decisions are the responsibility of a brand manager (sometimes called a product manager).
It really depends on the type of products. The smaller the scope of each product is the more a professional product manager can handle. It depends on the complexity of the product, the size of the user base and market it belongs to as well as the definition of what is expected of a Product Manager to manage which can change from company to company.
$120000
Ha ha. You'll never find out. (rubs hands in evil fashion) - The Cranky Product Manager www.crankypm.com
Yes, there is definitely a relationship between product performance and customer satisfaction, although product performance is not the sole reason for customer satisfaction. It's a pretty simple formula, if the product performs well either to or above the customers' expectations, then their satisfaction of the product improves. If a product does not perform well, or is below the customers' expectations, then customer satisfaction decreases. Product performance is not the sole reason for customer satisfaction. Other factors include service, cost of maintenance, longevity of the product, consistency in performance of the product, and customer loyalty wherein someone may be more satisfied with a product that performs inferior to another simply because the customer is loyal to that product or company.
Coty Cosmetics, 1976-1977, assistant product manager, marketing; 1977-1978, product manager, marketing