Product management is the art and science of managing a product. But before we delve into the details of what it is, we should first understand what is a product. Without a product, there is no product management.
The simplest definition of a product is as given:
Product = Monetizable Solution
The word “monetizable” indicates that there is commercial interest, and “solution” suggests that a problem was solved.
The word Management, in business terms, refers to activities undertaken to keep a business healthy.
Management in product terms is about using various tools and frameworks that maximise the potential of a product to contribute positively to the overall business.
While this is a very short article, there are many things we will be exploring about product management on this blog.
