- Brussels (Belgium)
- Published: September 17 2021
Product managers oversee the entire life cycle of a product (or sometimes a portfolio of products) from creating the original concept all the way through to selling it in stores.
A product’s in-store success all depends on the marketing strategies product managers introduce. The main marketing strategies at play nowadays are how products are positioned in terms of price, how they’re promoted (with vouchers, discounts, etc.), how they’re advertised in the media (on television, in the press, on billboards, online, etc.), the extent to which they appear on shelves in stores (distribution) and even product innovation. Product managers therefore have to act as conductors of this great retail orchestra, becoming the single interface between R&D, sales staff, regulatory bodies, logistics and legal.
In order to really understand how their products are performing, product managers often rely on quantified analyses using market research and focus groups. As a result, product managers are able to monitor their product’s market share, how effective their publicity campaigns have been and the extent to which consumers are noticing their products on the shelves. Depending on the results, product managers will alter their strategies accordingly.
Product managers sometimes have to be responsible for both product development (coming up with new ideas) and the operational management of their existing portfolio, but frequently nowadays these roles are separated into two distinct careers - product development managers and operational product managers.
Could this be a career for you? Give yourself the best chance and discover how to ace an interview to become a product manager at Danone in pictures.
Disciplined and comfortable working with numbers, candidates need to be creative, product aware and good at having a strategic vision.
5 years of higher education, business or technical studies, masters in marketing
Sales & Marketing Associate
Retail Customers and Products Graduate Scheme
Lloyds Banking Group