1. Development of science for each element of work.
In product management, science has progressed by incorporating advanced user
research methodologies, enabling a deeper understanding of customer needs. The utilization of data analytics and machine learning has refined the process of making informed product decisions, optimizing features and performance. Effective communication science has also evolved, promoting clearer cross-functional collaboration for successful product development and launches.
2. Scientific selection placement training and workers.
Scientific selection in product management involves employing data-driven
assessments to match specific skills and attributes with the roles required, enhancing team effectiveness. Placement training has evolved to include targeted skill development, ensuring employees are equipped with the latest tools and methodologies for successful product execution. Furthermore, the science of worker engagement and motivation has progressed, emphasizing a comprehensive understanding of individual and team dynamics to foster a productive product management environment.
3. Division of labor.
The division of labor in product management has evolved by assigning specialized
roles such as product owners, designers, engineers, and marketers. Each role focuses on distinct aspects of the product lifecycle, leveraging expertise to enhance efficiency and quality. Cross-functional collaboration has become more emphasized, enabling seamless integration of skills and perspectives to achieve successful product outcomes.
4. Standardization of method, procedures, tools and equipment.
Standardization in product management involves creating uniform methods,
procedures, and tools that streamline workflows and ensure consistency across projects. This helps maintain quality, facilitates efficient collaboration, and enables smoother transitions between different phases of product development. By implementing standardized approaches, teams can optimize their processes and enhance the overall effectiveness of product management practices.
5. Use of time of method and study.
The use of time-tested methods and studies in product management helps optimize decision-making and resource allocation. By leveraging historical data and industry research, teams can make informed choices regarding product features, market positioning, and development timelines. This approach minimizes risks, accelerates development cycles, and improves the chances of creating successful products that meet customer needs and preferences.
6. Differential wage system.
A differential wage system refers to the practice of varying compensation based on
factors such as roles, skills, and performance within the field. This approach recognizes the diverse contributions of team members, rewarding specialized expertise and exceptional results. By aligning compensation with individual and team accomplishments, organizations can motivate employees, foster a competitive spirit, and attract top talent to enhance product management outcomes.
7. Cooperation between labor management.
Cooperation between labor and management in product management is crucial for
successful outcomes. Clear communication, shared goals, and mutual understanding of roles can enhance collaboration and lead to better product development. Regular meetings, feedback loops, and involving both parties in decision-making can foster a more productive working relationship.
8. Principle of management by exemption.
Management by exception is an organizational strategy that suggests managers
and supervisors should focus their attention on addressing and resolving issues that deviate from established standards, norms, business practices, or financial objectives. Rather than getting involved in every routine business activity, this approach emphasizes tackling situations where there are deviations, such as variations in profits, quality concerns, or infrastructure issues.