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If you want to be a bad product manager, only worry about managing your product. You’re a “product manager,” after all, so that should be your single focus. Forget the other products produced by your company and the other products that customers might use. Don’t pay attention to any customers needs that don’t directly relate to your product. Just concentrate on managing your product and figuring out what new features you need to add to it.
If you want to be a good product manager, investigate problems that exist outside your product. Looking beyond only your product and not having a singular focus simply “managing” your product can be beneficial in several ways:
How many times do product managers argue for investment in a new product capability without thoroughly understanding and communicating the unsolved problem it will address? How much time and money is spent on a go-to-market initiative without first defining the problems that matter most to the buyers, and what attitudes have prevented them from doing business with us?
While it is unlikely that those with the title of “Product Manager” will instead change now to “Problem Manager,” there is considerable merit to the idea of focusing on managing the customer’s problems rather than the product that happens to be currently sold to the customer. A product manager who spends time and effort on identifying the problems customers face — regardless of whether it applies to his/her product or not — will be more likely to identify more unmet needs. These opportunities will ultimately improve the original product, other products the company produces, and also lead to new products that can be developed.