Product Manager Administrative & Commercial Managers
SaveWhat Does a Product Manager Do?
Product development managers are responsible for managing the lifecycle of a product. They research and develop new products in addition to managing existing ones through market research and strategic planning. Product managers perform marketing and planning activities to increase profits.
Resource recommendations may include affiliate links. Learn more
Where Do I Start?
Market Research
The processes, techniques, and purposes comprised in the first step for developing marketing strategies such as the collection of information about customers and the definition of segments and targets.
Sign up to trackReady to go deeper? Pick up to 3 skills to focus on from the list below.
These are common skills for this role. Real-world experience matters more than ticking every box — use this as a guide, not a checklist.
Skills You Need to Become a Product Manager
Essential Skills
Essential Skills
-
EssentialMarket Research knowledge
The processes, techniques, and purposes comprised in the first step for developing marketing strategies such as the collection of information about customers and the definition of segments and targets.
Recommended Books
4 books -
EssentialProduct Life-Cycle knowledge
The management of the life-cycle of a product from the development stages to the market entry and market removal.
-
EssentialSocio-Economic Trends In Your Sector knowledge
Situation and evolution of a sector from a socio-economic perspective. Economic parameters such as the value contribution to the GDP of this sector, public and private investment, open calls and …
No book recommendations available yet.
-
EssentialAnalyse Consumer Buying Trends skill
Analyse buying habits or currently prevalent customer behaviour.
Course recommendations coming soon.
-
EssentialAnalyse Economic Trends skill
Analyse developments in national or international trade, business relations, banking, and developments in public finance and how these factors interact with one another in a given economic context.
Course recommendations coming soon.
-
EssentialAnalyse Market Financial Trends skill
Monitor and forecast the tendencies of a financial market to move in a particular direction over time.
Course recommendations coming soon.
-
EssentialDevelop Business Plans skill
Plan, write and collaborate in the implement business plans. Include and foresee in the business plan the market strategy, the competitive analysis of the company, the design and the development …
Course recommendations coming soon.
-
EssentialDevelop Product Design skill
Convert market requirements into product design and development.
Course recommendations coming soon.
-
EssentialDevelop Promotional Tools skill
Generate promotional material and collaborate in the production of promotional text, videos, photos, etc. Keep previous promotional material organised.
Course recommendations coming soon.
-
EssentialDraw Conclusions From Market Research Results skill
Analyse, draw conclusions and present major observations from the results of market research. Suggest on potential markets, prices, target groups, or investments.
Course recommendations coming soon.
-
EssentialExecute Marketing Plan skill
Carry out all the activities involved in achieving specific marketing objectives within a given timeframe.
Course recommendations coming soon.
-
EssentialIdentify Market Niches skill
Analyse the composition of the markets, segment these into groups, and highlight the opportunities that each one of these niches represent in terms of new products.
Course recommendations coming soon.
-
EssentialManage Product Testing skill
Oversee the testing procedures to ensure that the end-product complies with the quality and safety requirements.
Course recommendations coming soon.
-
EssentialManage The Customer Experience skill
Monitor, create and oversee customer experience and perception of brand and service. Ensure pleasant customer experience, treat customers in a cordial and courteous manner.
Course recommendations coming soon.
-
EssentialOversee Quality Control skill
Course recommendations coming soon.
-
EssentialPerform Market Research skill
Gather, assess and represent data about target market and customers in order to facilitate strategic development and feasibility studies. Identify market trends.
Course recommendations coming soon.
-
EssentialCombine Business Technology With User Experience skill
Analyse and exploit the points where technology, user experience, and business meet in order to create and develop new products.
Course recommendations coming soon.
-
EssentialDefine Technology Strategy skill
Create an overall plan of objectives, practices, principles and tactics related to the use of technologies within an organisation and describe the means to reach the objectives.
Course recommendations coming soon.
-
EssentialDesign Customer Experiences skill
Create customer experiences to maximise client's satisfaction and profitability.
Course recommendations coming soon.
-
EssentialDevelop Communication Strategies skill
Manage or contribute to the conception and implementation of an organisation's internal and external communications plans and presentation, including its online presence.
Course recommendations coming soon.
-
EssentialDevelop New Products skill
Develop and generate new products and product ideas based on market research on trends and niches.
Course recommendations coming soon.
-
EssentialPersuade Clients With Alternatives skill
Describe, detail, and compare possible alternatives that clients could take about products and services to persuade them to take a decision that benefits both the company and the client.
Course recommendations coming soon.
-
EssentialPlan Product Management skill
Manage the scheduling of procedures which aim to maximise sales objectives, such as forecasting market trends, product placement, and sales planning.
Course recommendations coming soon.
-
EssentialPrepare Market Research Reports skill
Report on the outcomes of the market research, main observations and outcomes, and notes helpful for analysing the information.
Course recommendations coming soon.
Optional Skills (5 of 30 displayed)
-
OptionalProduct Data Management knowledge
The use of software to track all information concerning a product such as technical specifications, drawings, design specifications, and production costs.
-
OptionalWeb Analytics knowledge
The characteristics, tools and techniques for measurement, collection, analysis and reporting of web data to get information on the users' behaviour and to improve the performance of a website.
-
OptionalPricing Strategies knowledge
The techniques, theories, and commonly accepted strategies regarding pricing of goods. The relation between pricing strategies and outcomes in the market such as profitability maximisation, deterrence of newcomers, or increase …
Recommended Books
2 books -
OptionalCost Management knowledge
The process of planning, monitoring and adjusting the expenses and revenues of a business in order to achieve cost efficiency and capability.
Recommended Books
1 book -
OptionalMarket Pricing knowledge
Price volatility according to market and price elasticity, and the factors which influence pricing trends and changes in the market in the long and short term.
Recommended Books
1 book -
OptionalProduct Comprehension knowledge
The offered products, their functionalities, properties and legal and regulatory requirements.
No book recommendations available yet.
-
OptionalProduction Processes knowledge
Materials and techniques required in the production and distribution processes.
No book recommendations available yet.
-
OptionalQuality Standards knowledge
The national and international requirements, specifications and guidelines to ensure that products, services and processes are of good quality and fit for purpose.
No book recommendations available yet.
-
OptionalSales Strategies knowledge
The principles concerning customer behaviour and target markets with the aim of promotion and sales of a product or a service.
No book recommendations available yet.
-
OptionalAdvise On Communication Strategies skill
Provide companies and organisations with consulting services concerning their internal and external communication plans and their representation, including their presence online. Recommend improvements in communication and make sure that important …
Course recommendations coming soon.
-
OptionalApply Strategic Thinking skill
Apply generation and effective application of business insights and possible opportunities, in order to achieve competitive business advantage on a long-term basis.
Course recommendations coming soon.
-
OptionalCarry Out Sales Analysis skill
Examine sales reports to see what goods and services have and have not sold well.
Course recommendations coming soon.
-
OptionalCoordinate Events skill
Lead events by managing budget, logistics, event support, security, emergency plans and follow up.
Course recommendations coming soon.
-
OptionalDevelop Revenue Generation Strategies skill
Elaborate methodologies through which a company markets and sells a product or service to generate income.
Course recommendations coming soon.
-
OptionalFollow Production Schedule skill
Follow production schedule taking into account all requirements, times and needs. This schedule outlines what individual commodities must be produced in each time period and encapsulates various concerns like production, …
Course recommendations coming soon.
-
OptionalManage Feedback skill
Provide feedback to others. Evaluate and respond constructively and professionally to critical communication from colleagues and customers.
Course recommendations coming soon.
-
OptionalManage Profitability skill
Review on a regular basis sales and profit performance.
Course recommendations coming soon.
-
OptionalManage The Handling Of Promotional Materials skill
Plan and prepare the production of promotional materials with third parties by contacting printing companies, agreeing on logistics and delivery, and making sure that deadlines are met.
Course recommendations coming soon.
-
OptionalMaximise Sales Revenues skill
Increase possible sales volumes and avoid losses through cross-selling, upselling or promotion of additional services.
Course recommendations coming soon.
-
OptionalPerform Product Testing skill
Test processed workpieces or products for basic faults.
Course recommendations coming soon.
-
OptionalProvide Improvement Strategies skill
Identify root causes of problems and submit proposals for effective and long-term solutions.
Course recommendations coming soon.
-
OptionalStudy Sales Levels Of Products skill
Collect and analyse sales levels of products and services in order to use this information for determining the quantities to be produced in the following batches, customer feedback, price trends, …
Course recommendations coming soon.
-
OptionalTrack Key Performance Indicators skill
Identify the quantifiable measures that a company or industry uses to gauge or compare performance in terms of meeting their operational and strategic goals, using preset performance indicators.
Course recommendations coming soon.
-
OptionalAnalyse Cultural Trends skill
Keep up to date with popular cultural trends such as pop culture, cultural and social slang.
Course recommendations coming soon.
-
OptionalAnalyse Data About Clients skill
Study data about clients, visitors, customers or guests. Gather, process and analyse data about their characteristics, needs and buying behaviours.
Course recommendations coming soon.
-
OptionalCreate Prototype Of User Experience Solutions skill
Design and prepare mock-ups, prototypes and flows in order to test User Experience (UX) solutions or to collect feedback from users, customers, partners or stakeholders.
Course recommendations coming soon.
-
OptionalEnsure Products Meet Regulatory Requirements skill
Study, implement, and monitor the integrity and compliance of products with the required regulatory aspects by law. Advise on applying and abiding by regulations on the product and manufacturing regulations.
Course recommendations coming soon.
-
OptionalIntegrate Marketing Strategies With The Global Strategy skill
Integrate the marketing strategy and its elements such as the market definition, competitors, price strategy, and communication with the general guidelines of the global strategy of the company.
Course recommendations coming soon.
-
OptionalManage Production Systems skill
Organize, manage, and maintain all aspects of production, including product design, production planning, and production control systems (for example by the use of the computer program WFM).
Course recommendations coming soon.
-
OptionalSchedule Production skill
Schedule the production aiming maximum profitability while still maintaining the company KPIs in cost, quality, service and innovation.
Course recommendations coming soon.