What Makes a Good Product Manager?

Product management is a challenging position that calls for a broad skill set and familiarity with several aspects of business. Being a good product manager requires more than just having a specific set of technical skills. You also need to have some personality traits and soft skills that can make a huge difference in a product's success. Learn the top 7 qualities of a successful product manager.

What are the top 7 traits that make a good product manager?

Customer-centricity: Being customer-centric is crucial. Put yourself in your customer's shoes, understand their problems, how painful these problems are, and their needs and wants from your product. Making a product that addresses your customers' problems is more important than just creating something that looks cool.

Leadership: A strong product manager ought to be a leader. Lead your team and stakeholders in the right direction as the ship's captain. Inspire and motivate your team, establish clear expectations, and offer direction when required. Act as a lighthouse for your team if they become stranded at sea.

Strategy: A good product manager must think strategically, have a broad perspective and know how your product fits into the market. What are the trends? What are the macroeconomics? Who are your competitors? What are the long-term business goals? You should work with your leadership team (product managers do not work in isolation, right?) to answer these questions.

Communication: Communication skills are key in any relationship, whether it's with your team, stakeholders, or customers. Clearly and concisely convey your thinking, ideas, and vision to others, but it's not just about speaking; it's also about listening. Actively listen to feedback from your team and customers. Be open-minded and willing to make changes based on feedback. Leverage the "Product Strategy Canvas" and "SCQA Framework" as powerful tools to clearly articulate your product strategy.

Risk taking: You shouldn't be afraid to take considered risks. Taking calculated risks is necessary for a product to succeed. Continuously experiment and try new things to figure out what works and what doesn't. If you always play it safe, you'll never innovate. If the risk is high, find a way to experiment and test it before going full scale.

Passion: You have a passion for solving the problem that your product addresses. You genuinely care about creating a great product that solves your customers' problems. When you deeply care about your product, it shows in your work, and your team will follow your lead.

Adaptability: A good product manager should be flexible enough to respond to shifting consumer demands, market changes, and emerging tech. To stay ahead of the competition, constantly review your product strategy and act quickly. A product manager can keep their product competitive by being adaptable in an environment that is changing quickly.

Customer-centricity, leadership abilities, and strategic thinking are necessary for a successful product manager. A great product manager should also have excellent communication skills, the capacity for calculated risk-taking, adaptability, and a genuine passion for resolving customer issues.