They collaborate with other stakeholders including business development, sales, and technical functions such as product management and engineering.
These tasks require skills in competitor analysis, market research, technical writing, financial matters (ROI and NPV analyses) and product positioning.
In most cases, the existence of collaborative consumption leads to a decrease in product marketers' profits.
[5] The standard educational requirement to become a product manager is a marketing or business degree.
[6] Real-world work experience in related disciplines will help improve qualifications.
[6] Effectively communicating in a second language is an invaluable asset for those working on a project with global or wide-scale implications.
Additionally, a unique qualification for product managers is having a background in engineering or computing because it allows for easier interaction with the technical staff.