Building a successful product management (PM) organisation requires a clear understanding of the role of a product manager, as well as the right structure and processes. A product manager’s role is to represent the customer, make decisions about the product, and communicate these decisions effectively. The PM organisation should be structured around the customer’s needs and the company’s strategic goals, rather than around individual products or features.
Having the right processes in place is also crucial. These processes should include a clear product strategy, a roadmap for implementation, and regular reviews to track progress and make necessary adjustments. The product strategy should be based on a deep understanding of the customer’s needs and should be communicated clearly to all stakeholders. The roadmap should outline the steps needed to achieve the product strategy and should be flexible enough to adapt to changes.
In addition, a great PM organisation should foster a culture of learning and continuous improvement. This can be achieved by encouraging experimentation, learning from failures, and sharing knowledge and best practices. Lastly, it’s important to hire the right people who are passionate about the product and the customer, and who have the necessary skills and experience to drive the product forward.
Go to source article: https://stripe.com/en-gb-pt/atlas/guides/building-a-great-pm-org