What are the responsibilities and job description for the Product Manager position at Standex Electronics?
The Product Manager will identify the customer needs and the larger business objectives that a product or feature will fulfill, articulate what success looks like for a product, and rally a team to turn that vision into a reality. Responsible for managing product lines throughout the product lifecycle from ideation to execution in support of organizational strategy and objectives. This role will work cross-functionally to drive innovation and growth in both technology and product solutions globally within their respective product lines
What You'll Do
- Drive the execution of all processes in the product lifecycle, including product and market research, competitor analysis, planning, positioning, requirements and roadmap development, and product launch.
- Actively seek and provide market intelligence, competitive landscape, and voice of the customer data to help advise on core and new service market opportunities.
- Conducting and/or overseeing research to gain a deep understanding of the market, customer, and end users’ needs.
- Implements and maintains a competitive pricing strategy within the product line.
- Develop MRD/PRD’s including user stories (structured conjoint use cases).
- Drive/monitor/analyze key product metrics (including adoption and screen targets).
- Developing proof of concepts and prototyping, and implementing feedback on those prototypes.
- Create product strategy documents that describe business cases, high-level use cases, technical requirements, revenue, ROI, and ensure the product strategy directly relates to the business strategy.
- Facilitate cross-functional ideation campaigns that lead to defined technology projects and product solutions.
- Gathering and managing ideas coming from different sources. This includes building and maintaining an ideas backlog and keeping stakeholders informed about the status of their ideas and requests.
- Building and owning the product roadmap, ensuring execution is aligned with strategy.
- Writing product specifications that define the product requirements.
- Define and manage success metrics for the product lines and individual projects.
- Collaborate closely with engineering, production, marketing, and sales teams in the development, QA, and release of products, and balance resources to ensure success for the entire organization.
- Evaluate competitors and competing technologies.
- Develop product line strategy and technology goals to drive R&D efforts and sales targets.
- Other duties as assigned.
What You'll Bring
- A bachelor’s degree in business, marketing, engineering, or a related field required.
- MBA or advanced degree in a related discipline is preferred.
- 6 years of relevant professional experience required.
What We Value
- Strong level of business acumen and the ability to understand various business scenarios.
- Demonstrated strategic thinking and analytical skills.
- Demonstrated ability to create and execute strategic initiatives to drive top line growth.
- Strong self-management skills including accountability, goal setting, self-motivation, and time management.
- Strong organizational skills with a process-oriented mindset
- Communication, collaboration, and interpersonal skills with the ability to influence others.
- Exceptional writing and editing skills, combined with strong presentation and public speaking skills.