Due to the blurry lines around the product management discipline, responsibilities of and expectations from product teams, hiring a product manager can be like buying a book. You’ve read the reviews, the synopsis, maybe even the first chapter. Yet, no matter how much pre-purchase research you do, you can’t read the entire book before making that purchase.
Googling product manager skills or competencies for example will get you feedback like the list below:
This list can go on.
There's a ton of literature on how to hire great product managers discussing perspectives such as– core competencies, cultural realities and personalities, mindset and attitude, interview and screening processes, etc.
The product is not stagnant as it spans across a lifecycle, and its needs vary across the PLC stages. Having been privileged to help build and develop product teams across several organisations, we've identified a key ingredient for finding the right PM– the understanding that products have different needs across their lifecycles.
To achieve this alignment, we’ve taken a top-down approach to finding Product-Manager-fit that has helped us build great product teams for our clients.
First, we define a detailed job description based on–
a. How much authority and/or autonomy does your product team have?
b. Does the product team feed into engineering or is it the other way around?
c. Does your organisation have chief level sponsor for product management?
d. Is your product team responsible direct sales, presales or sales support?
Answering the first question helps to determine at high level, the kind of product team you need to build. Answering the second question helps you design detailed expectations including core competencies, hard and soft skills, technical skills, background, experience, and most importantly, detailed job descriptions.
In trying to answer the question of what your product requires at each stage, it helps to take evaluate the goal of each product stage. ProductPlan does a great job of highlighting this as seen below.
The product evidently has different goals and needs across this journey to help it achieve and/or maintain success. So why approach building PM teams from a one size fits all perspective?
We ran a quick poll asking about 30 product leaders in Africa what they look out for when hiring product managers. We asked them to choose between Curiosity and Resourcefulness.
The result was a landslide in favour of curiosity. It is interesting to note that most of these product leaders chose curiosity even though we deliberately provided minimal context in the poll. The participants are leaders and hiring managers across multiple industries including fintech, logistics-tech, health tech, edtech and ecommerce, with portfolios of products across different PLC stages.
1. Development & Introduction Stage– at this stage, you’re experimenting. With agile frameworks, development and introduction are simultaneous and the goals for the product at this stage mostly revolve around shipping and early adoption.
What kind of PM does your product need?
Your product needs a PM who is extremely curious and is willing to question the status quo. They should also be resourceful and have some network depending on their level of experience. As products at this stage are more common in startup environments, where you typically lean product management teams, curiosity is even more important as the PM’s curiosity will become a driver for other skills they need to succeed. They should question and be genuinely interested in understanding everything from plan to process to execution.
Tell-tale signs of the Curious Product Manager
2. Growth stage – at this stage, you’ve launched and are working towards growing adoption and generating ROI. The product needs to stabilise in terms of process and product-market fit. The model highlights resourcefulness as most important for this stage. The product team is expected to grow in seniority and experience alongside the product itself and the team’s dynamic should reflect this in order for them to achieve the expected impact.
What kind of PM does your product need?
Your product needs a PM that will move mountains to make things happen. As described above, the Resourceful PM doesn’t always know all the answers, but they are willing to keep trying out options and asking for help until they find a solution. This is the PM that will open up new revenue lines for your product, get competition data no matter how difficult to achieve competitive advantage. They will find ways to motivate their teams, and relevant stakeholders to ensure their product receives the attention and priority it requires. They are also climbing up the ladder and building networks to support them and grow their products.
Tell-tale signs of the Resourceful Product Manager
3. Maturity stage – a mature product is one that has reached steady state. You have achieved market recognition and competitive advantage; you’re not spending as much on marketing or growth tactics. The product has reached its plateau.
What kind of PM does your product need?
A product at maturity stage needs a strategic PM. Just like the growth stage, this PM needs to be quite resourceful but more importantly, they should have built a good network that they can call on for help and direction. They’re experienced enough to understand the big picture and are always plugged in.
Tell-tale signs of the Networker Product Manager
4. Decline stage – at this stage, there are multiple options for the product. It can be diversified, repositioned or sunseted. You need a PM here that has access to markets, information, people and other resources to help determine the next steps for the product. This PM is more strategically inclined and is definitely quite experienced.
What kind of PM does your product need?
A product at decline stage has similar needs to one at maturity stage. The key thing here is having someone at the helm of things who is well informed so they can make strategic decisions on the next steps for the product.
The Executor PM is not mapped to a specific stage because curiosity, resourcefulness or network without execution is zero. The model assumes all PMs are executors and / or have executors within their teams.
It is important to highlight that adopting this model without–
–may not achieve optimal results.
Overall, we acknowledge the fact that building a team is an art that takes time, patience and commitment to perfect.
ProduqtEdge partners with organisations to deliver value-driven and innovative products by empowering their product teams. Want to learn more about what we do, we are just an email away.
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