Product Strategy Head

6 months ago

Gurugram, India Todd Consulting Full time

Position Overview


Job Title: Product Strategy Head

Location: Gurugram, Haryana

Organisation:  Our client is a Manufacturer in India with a Pan India & Global retail presence

Reporting to:  Board of Directors


Job Overview


Our client is seeking a dynamic and experienced person as a Product Strategy Head to lead their product strategy and development initiatives across all verticals including faucets, sanitaryware, shower enclosures, wellness solutions, and related products. The company offers a wide range of over 200+ products covering various segments within the industry.  The ideal person should have a deep understanding of market dynamics, consumer trends, and product lifecycle management to drive the growth and profitability of our product portfolio.

 

Key Responsibilities

 

Performance Tracking:

 

  • Identify key products which have become either slow moving or non performing and ascertain the key reasons why after meeting key stakeholders – end users, dealers / partners,.
  • Develop a clear strategy to overcome these challenges which is communicated to all relevant stakeholders in the HO & various Zones and monitor KPIs to track performance and measure success against targets.
  • Understand and identify the accurate performance of our competitors to produce and up to date market share analysis for our key products across the range.
  • Stay abreast of industry developments, regulatory changes, and technological advancements to anticipate market trends and capitalize on growth opportunities.


 

Strategic Planning:

 

  • Develop and execute comprehensive product strategies aligned with the company's business objectives and market dynamics.
  • Conduct thorough market research to identify emerging trends, customer needs, and the competitive landscape in the sanitary and faucet industry.


Product Development:

 

  • Lead the ideation, conceptualization, and development of new products from inception to commercialization, ensuring alignment with market demands and company capabilities.
  • Collaborate closely with cross-functional teams including R&D, manufacturing, marketing, and sales to define product requirements and roadmap.


Market Analysis & Consumer Insights:

 

  • Analyze market data, customer feedback, and sales performance to evaluate the success of existing products and identify opportunities for improvement or expansion.
  • Drive product pricing strategies based on market analysis, cost considerations, and competitive positioning to maximize revenue and profitability.

 

Stakeholder Engagement:

 

  • Establish strong relationships with key suppliers, Dealer partners, end clients and industry stakeholders to facilitate product innovation, product feedback and strategic collaborations.
  • Provide leadership and guidance to the product management team, fostering a culture of innovation, accountability, and continuous improvement.


Required Skill Set


Basic Qualifications:  


Bachelor's degree in Engineering, Business Administration, or related field; MBA preferred.

 

Experience:  

              

  • Minimum of 15-18 years of progressive experience in product management, preferably within the sanitary and faucet industry.
  • Proven track record of successfully launching and managing product portfolios, driving revenue growth and market expansion.

 

 

Skills & Competencies:

 

  • Analytical Skills: Ability to interpret market data, financial metrics, and consumer insights to inform decision-making.
  • Leadership: Strong leadership skills with the ability to inspire and motivate cross-functional teams towards achieving common goals.
  • Communication: Excellent communication, presentation, and interpersonal skills, with the ability to influence and collaborate effectively across all levels of the organization.
  • Strategic Thinking: Strategic mindset with the ability to translate vision into actionable plans and drive execution in a fast-paced environment.
  • Innovation: Passion for innovation, creativity, and continuous learning, with a keen interest in staying ahead of industry trends and best practices.

 

Personal Attributes:

 

·      Exceptional attention to detail and accuracy.

·      High ethical standards and professionalism.

·      Strong problem-solving and decision-making abilities.

 

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