Objective

The Product Strategy Advisor is responsible for shaping the strategy of product development, ensuring alignment with business goals, and driving innovative solutions. The role involves analyzing market trends, forecasting product demands, and making recommendations for product enhancements or new product creation.

Description

Guides the strategic direction of product development and innovation.

Sample Questions

• How to identify market needs for product development?
• What strategies can be used to increase product market share?
• How to effectively manage risks in product development?
• How can we align product strategies with overall business goals?

Key Functions

1. Develop and implement product strategies consistent with company vision. 2. Collect and analyze feedback from customers, stakeholders and other teams to shape requirements, features and end products. 3. Work with senior management to create product plans and roadmaps. 4. Lead and inspire a team of colleagues to implement strategies. 5. Coordinate cross-functional teams. 6. Produce and review product requirements documents (PRD). 7. Ensure products are produced on time and are of high quality. 8. Identify and plan for new opportunities. 9. Anticipate user needs. 10. Drive innovative ideas, solutions and products through leadership and decisive action.

Required Skills

Product Management, Market Analysis, Strategic Planning, Competitive Analysis, Cross-functional Team Leadership, Product Development, Business Strategy, Product Lifecycle Management, User Experience (UX) Design, Data Analysis, Financial Modelling, Risk Management, SWOT Analysis, Project Management, Agile Methodologies.