Product Management
includes the planning and decision-support capabilities to align
high-level product plans and objectives with corporate growth
strategies – supported by product portfolio analysis and
management. Additionally, companies must manage a product and
technology roadmap, considering associated regulations, risks, and
legal support. To support business network transformation through
innovation, companies must focus on identifying focused
opportunities for innovation, managing those opportunities, and
ultimately measuring the return on innovation activities. Tracking
the needs of customers and providing a foundation for managing
requirements of many types is required to provide continuous market
responsiveness.