Product Manager Jobs
Product Manager Jobs questions and answers
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Q: HI i need to have some defenitions of the product manager tasks?
hi
i'm going to have an interview to work as a product manager for some small statinery company , so i need to have some information about "what is exactly the job of the product manager "
what r his tasks to improve the work ...etc
A: Product Manager
The manager of a product must have an excellent understanding of the entire spectrum of marketing tools and must apply them by developing successful new marketing concepts.
Job Functions:
The Product Manager is involved in the following key areas:
Product
Pricing
Positioning
Advertising and Promotion
Service
Qualifications:
Business degree from a university or technical school preferably with a major in marketing or related field
2 to 5 years of professional proven experience as Marketing Assistant, Junior Product Manager or in Sales
Relevant comprehensive experience in related industry and/or product knowledge
Foreign language capabilities: Excellent English, additional languages are advantageous
Computer literate
Strong analytical and conceptual skills
Team player, persuasive, ambitious, driven
Dedication, commitment, flexibility
Q: How to go about managing the revenue and yield for a product as a product manager?
I'm going to a job interview for a Product manager role in online travel. I have no prior experience in marketing. The company knows that but i want to be able to answer the typical behavioural questions "how do you go about" type:
how do you go about managing budget?
how do you go about defining the product strategy for products ?
how do you go about organising promotional activities to achieve performance outcomes and deliver revenue targets ?
A: I'll attempt to answer your first question. I work in the hotel industry as a revenue manager and know a little about yielding a hotel.
In order to yield a hotel/product you must have a good idea of what your demand is and know what your competition is charging. Price is based on demand. When demand is high, it is important to find the highest rate the guest is willing to pay without scaring them off. When demand is low, you try to lower your price in an effort to capture more business without compromising rate integrity. The perception is you get what you pay for. While I could sell a lot of rooms for $30 a night, the perception is my hotel might be a dump and I wouldn't make much profit. That perception would scare off customers that are willing to pay a little more for quality.
At a former hotel, I was once fortunate to get to play around with the marquee showing the hotel’s rates. The owner wanted us to sell rooms at a $59 rate while everyone around us was priced around $89-$109. Tracking the number of walk-ins during that time and comparing it to past data, I determined I was only averaging 2-3 rooms more a night. But, my average daily rate (ADR) was down. I was actually losing money. The lower rate also attracted unwanted guests and scared off the more desirable guests. It was the perception that something was wrong with the hotel - this was a common question at booking.
I use this strategy in my market: I identify what my potential sell out dates are. I then look at what is on the books. I may keep the rate lower far enough out just to build a base of business. As the number of reservations booked increases, so does the rate. As demand gets high, I may decide to not accept any AAA discounts/senior discounts. I will also close off my hotel to alternative distribution system (ADS) channels such as Orbitz, Priceline & Expedia. If demand is high, the guest will pay a much higher rate. My goal is to maximize the revenue for the hotel. If one person won’t accept the rate as is, someone else will if the city is sold out.
Package deals can be a great way to increase revenue. You essentially combine other services that the guest may otherwise not buy. A good example is the romantic packages. Let’s say you the room rate is typically $140 plus tax. The operating cost per room per day for the hotel is $25. A steak dinner for two and a bottle of wine runs $70 on your menu. You have a food cost of 30%. So, that dinner only costs the hotel $21. Everything over that is profit. Assuming the guest eats in the restaurant and orders the high dollar items, it would usually cost the guest $210 at a hotel operating cost of $46. You could easily offer the package for $180 and still make a good profit during a slower period. You also drive revenue to the hotel restaurant that typically needs the business.
Another way to increase revenues is to price your products with added features higher. For example, ocean view rooms are typically in higher demand than exterior rooms. Because of this demand you can price the rates higher and earn as much as $200 more for almost the same product.
Revenue management requires you have past data to go off of, an understanding of the market, a demand forecast and some intuition. You must also record data as you go. A successful revenue manager loves working with numbers and knows to how to use them.
If you’re working with on an online agent, the strategy can be different. Your goal is to sell what is most profitable first. Essentially ADS channels sell rooms in bulk and get a break in price from the hotel. They then mark up the price and the rest is revenue.
Let’s say you have two 3-star hotels. Hotel A has agreed to give you a rate of $70. They sell their rooms on their site for $100. You can mark the price up to $95 and you’re still cheaper than the hotel and you make $25 in revenue. Hotel B has agreed to give you a rate of $65 and their rooms also sell for $100. You can also price this hotel at $95 but you’ll make $5 more. Which hotel would you want to place higher in position, Hotel A or Hotel B? That’s a smaller picture an doesn’t even go into contracts that ADS channels may have with a chain in certain markets. Some ADS channels may ask the hotel to give them last room guarantees and in return they give the hotel a position on the first page.
Anyway, there really is a lot more to cover. This be more than enough information and may not pertain to you. But, the examples given should give you some idea on how it works. Good luck to you and I hope I have been of some assistance.
Q: What are the job opportunities for product managers?
A: Title: Product Manager Needed
Company: Aspen Tech
Location: Cambridge, MA
Skills: 8+ years in a global technology company in a product management, product marketing, business consulting, sales, consulting services or a combination of roles required
Term: Full Time
Pay: DOE
Length: Full Time
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Detail:
Aspen Tech is seeking a Product Manager who has at least 8 years in a global technology company in a product management, product marketing, business consulting, sales, consulting services or a combination of roles required.
Job ID: 29696
Location: Cambridge, MA
The Product Manager is accountable for the product strategy and direction including ownership for the business performance for the Batch Plus and Batch Process Modeling products serving the pharmaceutical and specialty chemicals industries. This individual will work closely with the cross-functional organization - including Product Marketing, Sales, and Development - to drive optimum business performance.
Responsibilities include:
Creating the product strategy, future product plans, and associated positioning
Managing the product roadmap to lead the process for new products or existing product improvements while translating requirements into vision documents for product development
Developing the business plan for the Batch Plus and Batch Process Modeling products considering all aspects of the business including license, revenue, and maintenance balanced against the development investments
Contributing in a key role to the creation of the core content product and corporate marketing into messages, collateral, training, and promotional activities
Balancing new product growth against existing product enhancements
Proactively identify product sunset opportunities to refocus the resources on value generating products
Leading the interaction with the user groups and advisory boards in developing and validating product strategy and product direction for priority setting. Acting as a sponsor in key customer opportunities.
Managing the relationship with technology partners to provide an integrated offering that significantly enhance value to the end customers and expand business for AspenTech.
Leading the development of channel resellers in non-core markets.
8+ years in a global technology company in a product management, product marketing, business consulting, sales, consulting services or a combination of roles required. Alternative technology deployment and or process development leadership experience the pharmaceutical industry required. Excellent understanding of the end user needs in process development in pharmaceutical and spec chem industries required. Demonstrated ability to translate market requirements into technical specifications and the ability to work with customers to formulate and validate product plans. Strong computer and communication skills a must.
Apply on line by clicking below.
APPLY NOW
Links to: http://aspentech.com
Q: what are product/brand managers' job descriptions/responsibilities in a daily basis?
A: Brand Manager,
I create and manage the look and feel of my brand on all levels. This means I do a lot of art direction, project managing, and writing. I get to design ad campaigns, videos, web sites, and plan fashion shows.
I work in two product seasons at a time -- right now I'm working on Spring 07 and Fall 07 -- On a daily basis I make sure my projects are on strategy and moving toward completion. I do a lot of research to see what our competitors are doing.
A brand is the promise of an experience and it is basically my job to make sure that that experience is carried out in all that we do and sell.
Q: Can I get Perth jobs from overseas with a PR?
I am from Singapore and and IT product manager. What are my chances of getting a job in Perth from Singapore?
A: If you have a PR already then there IS a chance, Without -> 0.0001%
Let me explain:
Yes we having a bit of an IT shortage in Australia (Syd and Melb for sure, Perth -> don't know). Mostly in Storage and Unix/Linux. In regards of Windows the situation is not that desperate.
The problem is if you are applying online for Jobs and your outside OZ, the changes are high you application is sorted out as the typical recruiting agency gets TONS of applications form oversea a day from people who do not have working rights. -> Hard for them to filter.
Best is to be here or applying and make the first sentence BOLD and say you got a PR (subclass....). You also might want to give some agencies a call. Or get a friend here to refer you.
Q: How should I look for jobs in Perth Australia?
I am an IT product manager (meaning marketing, some logistics and product development) from Singapore and would be moving to Perth soon. How best can I look for a similar job in Perth? Is it possible to do it while I am in Singapore?
A: Australian Jobsearch .com. this is the one most people use
Cheers
Q: I use Primavera products SureTrack, Contract Manager, P3, P6 & etc Can I get a job in US? I am in Afghanistan?
I use Primavera products SureTrack, Contract Manager, P3, P6 & etc. Can I get a job in US? I am from Afghanistan. I want a job in US in any State because I want to continue my studies as well. I am working for IRD (International Relief and Development) Kabul, Afghanistan as the project control specialist. I know the proper use of the mentioned softwares.
A: Do you have bachelor's degree? If not then you are not eligible to work in the U.S.
To go to school in the U.S. you need to apply to universities and be accepted.
Q: I'VE JUST BEEN OFFERED A JOB AT CURRYS However my manager has just asked me to sell him a product.?
I have choosen to sell a washing machine however if anyone has worked at Curry's or knows what questions I should ask like - is this machine for singular use.
A: You should be asking just that sort of question. You should be asking how much he wants to spend and how big a drum he requires and whether he needs one with special programs- like shoes (yes they do them!). Look at the economy of the product as well- the efficiency etc- my son works for curries- but i am a purchaser of many a washing machine over time and these are the kind of questions i would expect to be asked. Its probably not as hard to do as you imagine.
Q: My Manager Threatens our jobs all the time...?
We work at a store where we have to sell many things by suggesting them to customers. While we do always suggest these things to customers they sometimes do not buy any of what we are selling. Since our managers have to meet a quota every week we have additional pressure put on us and are constantly on our backs!
I once heard another manager on the phone saying that if they do not sell a certain amount of what we should they will get written up or their hours cut severely.
Now, I asked another manager about this and they said that they can threaten to write us up for not getting results, I then clarified my question by stating that while we suggest these items to all customers oftentimes they refuse our products and services, she said that it does not matter who and how often you suggest these things you must get results or they can write you up. I do not think this is fair, furthermore, if you get 3 write-ups in this company they have the right to terminate you, what can I do?
A: Look for a new job, this one sounds too stressful, and who needs that!! Dosen't sound like too many people will like or last long at that place of employment. There must be more jobs for you to choose from, might be time for a change!!!
Q: What is the best job you can get out the gate?
I have just recently graduated with a B.S in Management but I don't have any experiences. I've gone on all the jobs listing sites and none seem to fit me. I, more so want to enter the music busines and become a product manager. Know any good sites for that or any one hiring at label companies in NY?
A: Why go to work? Try this link http://thepowerof10.ws/?thepowerof10=5135
Q: whats the difference between a production manager, and a distribution manager?
is the difference that a production manager produces and ships a product, while distribution stores and ships? which job pays more, and is more lucrative? thanks
A: First of all, it depends on how big of an operation you are working in. A production manager may be someone that worked their way up from the production line. It could also be someone that makes engineering decisions on the capabilities of the product. That person would be a college-educated engineer.
The distribution manager can have the same differences in qualifications. It could be someone that was a delivery driver and worked their way up to the chief of distribution (delivery). It could also be someone that is a college-educated logistician that makes big decisions on getting the product ready and actually delivered.
Your best bet is to read about the differences in position descriptions. Take a look at the Federal job announcements. These listings have tabs for qualifications and duties. This will help you see the skills and requirements for the jobs you are looking for. See the website below, and search on job titles with production or distribution in the title.
Good Luck!
Q: What is lead generation?and What specifications do I have to know if Im applying as a manager for this?
I will be having a job interview this friday as an operations manager for a call cneter. They have one campaign that will specialize in "lead generation" I am used to selling products but this is the first time I've heard of suce. What do I have to know about lead generation? And how can I impress the interviewer about this. Please help....
A: I believe it's like cold calling where you contact people and see if they're interesting in the products and then someone calls them later to do the actual selling. I was offered a job where they had soft leads which meant a letter had been sent out to prospects and if they sent it back that they were interested then I would have called them to do the final sale.