{"id":6398,"date":"2016-07-19T08:54:52","date_gmt":"2016-07-19T13:54:52","guid":{"rendered":"https:\/\/actuationconsulting.com\/?p=6398"},"modified":"2016-07-19T08:54:52","modified_gmt":"2016-07-19T13:54:52","slug":"product-management-mature-company","status":"publish","type":"post","link":"https:\/\/actuationconsulting.com\/product-management-mature-company\/","title":{"rendered":"Product Management in the Mature Company"},"content":{"rendered":"<h2><strong>Product Management in the Mature Company\u00a0<\/strong><\/h2>\n<p>In the past couple of posts, we\u2019ve looked into some of the key responsibilities of a product manager in a start-up company and a mid-sized organization. Today\u2019s post completes the trilogy by discussing the corporate focus and the product management skills essential to success in the mature company.<\/p>\n<h2><strong>Product Managers Face Lofty Goals in the Mature Company<\/strong><\/h2>\n<p>First, let\u2019s consider what the mature company wants most: steady and predictable growth. Unfortunately, as desirable as this growth is, it often becomes increasingly difficult to achieve. Since the successful mature company already has captured a significant part of the market, it is now necessary for it to enhance its existing products and bolster current revenue streams in order to keep the level of growth high. To meet its revenue and growth goals, larger organizations often need to look for innovative opportunities that arise from partnerships or mergers and acquisitions.<\/p>\n<h2><strong>Essential Product Management Skills in the Mature Organization<\/strong><\/h2>\n<p>Considering the complicated goals of the mature company, a successful product manager will hold a highly valued skill set that includes:<\/p>\n<ul>\n<li>Strategic mindset<\/li>\n<li>Leadership abilities<\/li>\n<li>Political astuteness<\/li>\n<li>Analytical thinker<\/li>\n<li>Highly developed interpersonal skills<\/li>\n<li>Cross-functional abilities<\/li>\n<li>Profit and loss orientation<\/li>\n<li>Staying calm under pressure<\/li>\n<\/ul>\n<h2><\/h2>\n<h2><strong>Product Management in a Complex Organization<\/strong><\/h2>\n<p>As the company continues to mature, it naturally becomes more complex. This commonly leads to international operations that magnify the importance and impact of each decision a product manager makes.<\/p>\n<p>Client engagement is a huge part of the product manager\u2019s job, but must be conducted in a highly structured manner due to the many demands placed on a product manager\u2019s limited time.<\/p>\n<p>It is common for development activities to span national and international borders and multiple time zones. Despite the challenges, these activities play a central role in the product manager\u2019s daily activities.<\/p>\n<p>Although the product manager is responsible for the entire organization\u2019s product management process, he or she, of necessity, must work through a team of direct reports, matrixed employees and individuals such as contractors who are specialists in their areas of expertise. The term \u2018matrixed employee\u2019 refers to those in an organization who report to two superiors. They answer to a functional boss who handles vacation, payroll, etc. and to an operational boss who is the product manager.<\/p>\n<p>Clearly, each size organization has different goals and requires a different set of skills in its product manager. In my next post we\u2019ll explore the different ways to approach product management. There are three. I wonder which one fits you and your organization?<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><strong>Advancing the Profession of Product Management\u2122<\/strong><br \/>\n<a href=\"https:\/\/actuationconsulting.com\/\">website<\/a>\u00a0I\u00a0<a href=\"https:\/\/actuationconsulting.com\/product-management-consultants\/\">consulting<\/a>\u00a0I\u00a0<a href=\"https:\/\/actuationconsulting.com\/product-management-training\/\">training<\/a>\u00a0I\u00a0<a href=\"https:\/\/actuationconsulting.com\/product-management-toolkits\/\">toolkits<\/a>\u00a0I\u00a0<a href=\"http:\/\/www.amazon.com\/Take-Charge-Product-Management-Effectiveness\/dp\/0615379273\">books<\/a>\u00a0I\u00a0<a href=\"https:\/\/actuationconsulting.com\/product-management-blog-2\/\">blog<\/a>\u00a0I\u00a0<a href=\"https:\/\/twitter.com\/greggeracie\">twitter<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Product Management in the Mature Company\u00a0 In the past couple of posts, we\u2019ve looked into some of the key responsibilities of a product manager in a start-up company and a &#8230;<\/p>\n","protected":false},"author":1,"featured_media":6511,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[41,330,46,362,48,49,50,248,54],"tags":[56,337,105,154,161,182,194,197,346],"class_list":["post-6398","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-agile","category-innovation","category-product-management","category-product-manager","category-product-marketing","category-product-owner-2","category-product-teams","category-take-charge-product-management","category-user-experience","tag-actuation-consulting","tag-agile","tag-greg-geracie","tag-product-development","tag-product-management-2","tag-product-manager","tag-product-owner","tag-product-team","tag-take-charge-product-management"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Product Management in the Mature Company - Actuation Consulting<\/title>\n<meta name=\"description\" content=\"In this post we take a look at product management in the mature company. 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