Every product manager needs to possess essential knowledge of a product development cycle through adequate guidance and exposure. Experience in some of these areas includes: performing business analysis, identifying product requirements, designing product roadmaps and tracking KPIs.
These fundamental qualities are the foundation for any Product Manager, that can be developed over the years. Exceptional product managers are excellent at analysing how different factors can affect the outcome and at adapting their strategy constantly in response to consumer input.
Product managers should have empathy for clients, be aware of their emotions and non-verbal cues, and manage stakeholders. Strategic partnerships across the organization and a clear understanding of how to overcome both internal and external obstacles to deliver quality products are characteristics of a product manager with high EQ.
A significant portion of a product owner’s job entails translating the product managers’ recommendations for the UX, engineering, and development teams. Hence, they also need to be adept communicators with excellent people skills.
As product owners deal with Scrum methodologies, they should focus on developing more specialised, job-specific competencies. Specifically, they must be proficient in Agile practices and the use of Scrum techniques like Kanban.
Additionally, product managers’ plans and execution are directly influenced by product owners. Hence, product owners should have strong characteristics of responsibility and commitment to deadlines.