Chief product officers conduct the product strategy of a company, define the product vision, prioritise customer needs and design the product roadmap. Key drivers of innovation product processes and revenue growth, they are responsible for the entire product development process and product-related activities which involve design, elaboration, product strategy setting, creating multi-functional partnerships, and new products launch. Moreover, they lead the organisation’s product management team and closely work with the marketing department.

Tasks

Tasks include -
(a) Planning, directing and coordinating research and development activities, in-house or commissioned from external research organizations, to develop new or improved technical processes, products, knowledge, or utilization of materials;
(b) Planning the overall research and development programme of an enterprise or organization, specifying goals and budgetary requirements;
(c) Leading and managing the activities of research and development staff;
(d) Establishing and managing budgets, controlling expenditure and ensuring the efficient use of resources;
(e) Establishing and directing operational and administrative procedures;
(f) Planning and directing daily operations;
(g) Overseeing the selection, training and performance of staff;
(h) Representing the enterprise or organization at conventions, seminars and conferences.