JOB CODE : 1121
Job Code : 1111
Key Responsibilities :
A Senior Executive in Product Development and Innovation plays a crucial role in driving a company's product strategy, ensuring innovation, and leading cross-functional teams. Their responsibilities include:
1. Strategic Leadership
- Define and implement the product vision, strategy, and roadmap aligned with business objectives.
- Identify market trends, customer needs, and competitive landscapes to drive innovation.
- Ensure alignment between product development and company goals.
2. Innovation and R&D Oversight
- Foster a culture of innovation and encourage new product ideas.
- Oversee research and development (R&D) efforts to introduce breakthrough technologies.
- Evaluate emerging technologies and partnerships to stay ahead in the industry.
3. Product Development Management
- Lead product design, development, and launch processes.
- Ensure cross-functional collaboration between engineering, marketing, sales, and customer support.
- Optimize product lifecycle management, from ideation to end-of-life.
4.. Customer and Market Focus
- Engage with customers, stakeholders, and industry experts to gather insights.
- Conduct market research and analyze data to identify opportunities and gaps.
- Ensure products deliver value and meet user expectations.
5. Financial and Performance Oversight
- Manage budgets and resource allocation for product development.
- Track key performance indicators (KPIs) and ensure profitability.
- Make data-driven decisions to optimize product performance.
6. Leadership and Team Development
- Mentor and develop product managers and innovation teams.
- Drive a high-performance culture focused on creativity, efficiency, and execution.
- Foster collaboration and communication across different departments.
7. Risk Management and Compliance
- Identify potential risks in product development and mitigate them proactively.
- Ensure compliance with industry regulations, safety standards, and intellectual property protections.
8. Stakeholder Communication
- Present product strategies and updates to executive leadership and board members.
- Communicate product goals and progress to investors, partners, and employees.
- Collaborate with external partners, vendors, and regulatory bodies.