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Product Strategy Head

4 months ago

gurgaon, 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.