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Accounting/Finance: This group is often completely ignored by product management. The sales people who “get it&# will feed critical information back to product management to improve the products, but they will not expect things to change overnight or for their next sale.
I think about the things I manage (personal finances, household, a team of people). In product management, I believe they have to change in order to evolve. Your insight on “managing&# versus “owning&# is interesting. However, when you own something, that’s different.
Maintaining a relationship with executive administrators, travel, finance, sales and development can provide valuable information on travel schedules, agendas and the details that will reinforce the emergence of Flying Monkeys. Another avenue that many product management leaders fail to utilize is internal relationships.
When Denis Coleman was promoted from finance to management in a fast-growing electronics manufacturer, he didn’t have any experience leading a team. Stephanie Barnes Taylor had recently transferred to the contracts division of a law firm in Atlanta. Case Study #1: Clarify in order to move forward. So it was a double shock.”.
Taylor Callery/Getty Images. For example, I manage the finances for a team that travels very often, and I’ve been grateful for the intelligent guesswork that my expenses software extracts from receipts using machine learning: the merchant’s name, the dollar amount spent, taxes, and likely expense categorization.
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