While newer products keep getting developed, they will not be scalable or business-worthy unless they fall into the hands of the right product managers. Thus, product managers are high in demand now, at a time when business innovation and the subsequent product development is high. A few skills have been identified which they must possess in order to succeed. The first thing that product managers need to realize is that the skills that took them to the position in the first place, need not be enough to succeed here. Interpersonal relationships, team management, impacting transitions and talent management have been seen as some skills they must possess now at this stage. A challenge they often face is they aren’t always empowered with any formal authority. This is why they need to lead through sheer dint of influence. Product managers also need good negotiation skills. For navigating through such diverse challenges, they need to possess a flexible outlook to work. Critical relationships will need to be forged at the right place andused at opportune moments.

Source:https://knowledge.insead.edu/career/the-three-skills-product-managers-need-to-succeed-8271

Uploaded Date:05 November 2018