Glossary
Logout
©Copyright Arcturus 2022, All Rights Reserved.
7
Terms & Conditions
|
|
|
|
Security & Privacy
Contact
This section of the website provides an opportunity for you to develop your Product Management skills and comprises:
|Glossary of Terms and Conventions
|Product / Market Development - Abilities and Core Competencies
Product Management is an essential business discipline ensuring timely functional activities are provided throughout the Product LifeCycle in-line with Strategic Intent. In essence Product Management ensures the business unit Capabilities deliver Core Competencies at the right time, every time. A Core Competence should translate directly into a Competitive Advantage.
In addition as an embedded ethos, Product Management should actively embrace the core principles and Practice of Simplicity and Continuous Improvement'
It comes as no surprise that the quality and effectiveness of Product Management activity is directly related to the Capabilities of the individuals embedded within this activity. ...The quality of the outcome is directly related.
The Management of Core Competencies
Competencies by definition are a collective of directed and managed Capabilities. Competencies can be associated with technology, distribution, logistics, purchasing, service etc. and/or a specific combination thereof. Product Manager's, Market Development Manager's and Strategic Directors are therefore directly responsible for the management these requirements. Rather like the conductor of the orchestra.
The following diagram(s) and Interactive MindMap, indicate the core 'abilities' (subjects) that are required to manage the Product Management activity across the entire product lifecycle and the dynamic relationship of importance of the key attributions across those phases.
Product / Market Development Manager - Core Competencies and abilities Interactive Mindmap:
Product Manager Skills / Capabilities Profile across the 'Product LifeCycle'.
Skills and Abilities Alignment - Innovation Phase
PM Specialist / Expert Knowledge
Product Management (Soft) Skills
Skills and Abilities Alignment - Conceptual Phase
PM Specialist / Expert Knowledge
Product Management (Soft) Skills
Skills and Abilities Alignment - Development Phase
PM Specialist / Expert Knowledge
Product Management (Soft) Skills
Skills and Abilities Alignment - Release Phase
PM Specialist / Expert Knowledge
Product Management (Soft) Skills
Skills and Abilities Alignment - Active LifeCycle Phase
PM Specialist / Expert Knowledge
Product Management (Soft) Skills
Skills and Abilities Alignment - Withdrawal Phase
PM Specialist / Expert Knowledge
Product Management (Soft) Skills
|PM Skill Profile Analysis - HR Decision and Alignment Fit
First we must define the attributes of measurement followed by how important those particular attributes are to the decision making requirement.
Each Product Manager (1 - 5) has their own Profile mapped against the defined attributes and scored as how well they meet the original expectations.
Consolidated Analysis
PM Skills Array - Showing the %Fit to the (ideal). In this particular example, Product Manager 5 is the preferred choice given the Weighted Analysis.
PM Skills Profile
More
The following Video is a walk through of the Decision Analysis Business Model - This particular example is to decide upon the best product from a choice of 5 Potato Peeler’s. Obviously the attributes of measurement can be changed to meet the requirement of the application - Up to 5 candidates can be added to this model.
|Personal Development and Mentoring - Professional Support
Interactive Business Models