The Future of Product Managers: Which Path Will You Choose?

In today’s business world, the profession of Product Manager (PM) is attracting attention. They function as a bridge between consumers and companies by conducting market analysis and reflecting consumer needs in products, thereby generating demand. If this trend continues, how will our future change?

1. Today’s News

Source:
What Is Product Management And How To Start A Career In It?

Summary:

• Product Managers play a role in connecting consumers and companies.
• By conducting market analysis and reflecting consumer needs in products, they create demand.
• By generating demand, Product Managers contribute to the growth of companies.

2. Considering the Background

Product management plays a crucial role in reflecting consumer voices in products. The increasing attention to this profession is due to the necessity for companies to constantly adapt to market changes. With advances in technology and globalization, consumer expectations have diversified. In such an environment, Product Managers have become essential for maintaining a company’s competitiveness.

3. What Does the Future Hold?

Hypothesis 1 (Neutral): A Future Where Product Management Becomes Standard

Product management will become a standard role for companies, existing in every organization as a matter of course. This will shift the product development process towards a more consumer-oriented approach, further reflecting consumer voices. As a result, the quality of products and services that consumers receive is expected to improve, leading to higher customer satisfaction.

Hypothesis 2 (Optimistic): A Future of Significant Development in Product Management

Product management will evolve, enabling advanced market analysis utilizing AI and data analytics. This will allow companies to capture market needs more swiftly and accurately, leading to the creation of innovative products. Such changes will generate new business opportunities and stimulate the economy as a whole.

Hypothesis 3 (Pessimistic): A Future Where Product Management Is Lost

If the importance of product management is overlooked, companies may struggle to accurately capture market needs, losing the competitiveness of their products. Consequently, consumers may find it challenging to locate products that align with their needs, potentially leading to a decline in company performance. Furthermore, the demand for Product Managers as a profession may decrease, narrowing the career options for individuals with related skills.

4. Tips for Us

Mindset Tips

• How do you feel your needs as a consumer are reflected in products?
• Consider the background of the products and services you purchase, and pay attention to the efforts made by companies.

Small Practical Tips

• When trying out new products, provide feedback to companies afterward to help Product Managers.
• Discuss the merits and demerits of products with friends and family, and share opinions to contribute to better product development.

5. What Would You Do?

• What actions will you take to further spread the importance of product management?
• How would you like to engage in the evolution of product management using AI technologies?
• How do you want your voice as a consumer to be utilized in product development?

What kind of future have you envisioned? Please share your thoughts through social media quotes or comments.