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Product Management Fundamentals

A recent news article calls the Product Manager the 4th most important role in a company today, making product management one of the hottest jobs in the market. However, most people are unaware of what exactly a Product Manager does. Does the role require technical skills or business skills? And what is it about the role that demands extreme empathy with the customer?

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A recent news article calls the Product Manager the 4th most important role in a company today, making product management one of the hottest jobs in the market. However, most people are unaware of what exactly a Product Manager does. Does the role require technical skills or business skills? And what is it about the role that demands extreme empathy with the customer?

This e-learning course by the Institute of Product Leadership is a foundational course that demystifies the role. Starting from the very basics of “What is a product?”, the course curriculum introduces students to the productizing process and the skills and frameworks such as Market Analysis, Strategic Planning, Product Planning, Go to Market and Sales Enablement required to design, launch, and nurture a product. Students will also be introduced to the role and career path of a Product Manager and the business, technology, and customer contexts a person needs to master to become a good Product Manager.

Although no prior knowledge is required, an appreciation or hands-on experience of how product and services companies operate is helpful.

What you'll learn

  • Get a sound introduction to the world of products
  • Understand value and the value management journey that is critical to the lifecycle of all products
  • Understand the Adaptive Productizing Process, a leading framework for product innovation
  • Learn the nuances and career track of the Product Manager role.
  • Journey of idea to commercially successful products or solutions
  • Develop a value proposition using the value prop canvas framework
  • Fundamental personas & user stories
  • Customer interviewing techniques

What's inside

Learning objectives

  • Get a sound introduction to the world of products
  • Understand value and the value management journey that is critical to the lifecycle of all products
  • Understand the adaptive productizing process, a leading framework for product innovation
  • Learn the nuances and career track of the product manager role.
  • Journey of idea to commercially successful products or solutions
  • Develop a value proposition using the value prop canvas framework
  • Fundamental personas & user stories
  • Customer interviewing techniques

Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Develops the value management journey that is critical to the lifecycle of all products
Explores the Adaptive Productizing Process, a leading framework for product innovation
Teaches value and the value management journey that is critical to the lifecycle of all products
Examines the nuances and career track of the Product Manager role
Develops personas and user stories, which are core skills for product management
Taught by the Institute of Product Leadership, which is recognized for its work in product management

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Career center

Learners who complete Product Management Fundamentals will develop knowledge and skills that may be useful to these careers:
Product Manager
Product Managers are responsible for defining and managing the product vision and roadmap, and the course Product Management Fundamentals is an introduction to the role and covers many of the core responsibilities of a Product Manager. For those who are looking to begin a career in product management, or wish to advance their current career, this course offers a foundation in some of the key frameworks and methodologies that Product Managers rely on.
Product Owner
Product Owners collaborate with stakeholders to define and manage the product vision and roadmap. In doing so, they typically draw on research from customer interviews, market analysis, and competitive analysis. Because Product Management Fundamentals teaches the Adaptive Productizing Process and gives students a strong foundation in user stories, value prop canvas frameworks, and customer interviewing techniques, it can help Product Owners build the skills needed to succeed in their role.
Product Marketing Manager
Product Marketing Managers are responsible for developing and executing marketing strategies for a product or service. They work closely with Product Managers to understand the product and its value proposition, and they use this information to develop marketing campaigns that reach the target audience. Product Management Fundamentals can help Product Marketing Managers understand the product management process and how it aligns with marketing goals. As a foundational course, it can help Product Marketing Managers develop some of the core skills they need to succeed in their role.
Business Analyst
Business Analysts identify and define business needs and problems, and they often work with Product Managers to develop solutions. Product Management Fundamentals can help Business Analysts understand the product management process and how it aligns with business goals. As a foundational course, it can help Business Analysts develop some of the core skills they need to succeed in their role.
Product Strategy Manager
Product Strategy Managers are responsible for developing and executing the product strategy, and they work closely with Product Managers and other stakeholders to ensure that the product is aligned with the overall business goals. Product Management Fundamentals can help Product Strategy Managers build a strong foundation in product management, with a particular focus on the strategic aspects of the role. In doing so, it may be useful for Product Strategy Managers who are looking to develop their skills in areas such as product planning and go-to-market strategy.
User Experience Designer
User Experience Designers are focused on improving the experience of a product or service, and they do so by studying user needs, behaviors, and motivations. Product Management Fundamentals can help UX Designers build a strong foundation in product management, with a particular focus on understanding the 'value' that a product provides to a user. In doing so, it may be useful for UX designers, especially those working on digital products.
Product Development Manager
Product Development Managers are responsible for the development of a product, and they work closely with engineers and other technical staff to ensure that the product is built according to specifications. Product Management Fundamentals can help Product Development Managers build a strong foundation in product management, with a particular focus on the development aspects of the role. In doing so, it may be useful for Product Development Managers who are looking to develop their skills in areas such as product planning and go-to-market strategy.
Market Analyst
Market Analysts build a foundation for product development by studying customers. They provide a Product Manager with valuable information for identifying new market opportunities, defining actionable strategies, and understanding a product's performance in the market. As a foundation course, Product Management Fundamentals can help Market Analysts build the skills they need to develop a strong foundation in product management. Because it provides an overview of the product management process and teaches basic frameworks and techniques, this course may be useful for those who wish to get into a career as a Market Analyst.
Technical Product Manager
Technical Product Managers are responsible for the technical aspects of a product, and they work closely with engineers and other technical staff to ensure that the product is built according to specifications. Product Management Fundamentals can help Technical Product Managers build a strong foundation in product management, with a particular focus on the technical aspects of the role. In doing so, it may be useful for Technical Product Managers who are looking to develop their skills in areas such as product planning and go-to-market strategy.
Product Design Manager
Product Design Managers are responsible for the design of a product, and they work closely with designers and other stakeholders to ensure that the product meets the needs of the user. Product Management Fundamentals can help Product Design Managers build a strong foundation in product management, with a particular focus on the design aspects of the role. In doing so, it may be useful for Product Design Managers who are looking to develop their skills in areas such as product planning and go-to-market strategy.
Software Engineer
Software Engineers design, develop, and maintain software applications. Product Management Fundamentals can help Software Engineers understand the product management process and how it aligns with software development goals. As a foundational course, it can help Software Engineers develop some of the core skills they need to succeed in their role, especially as it relates to understanding business requirements and user needs.
Business Development Manager
Business Development Managers are responsible for identifying and developing new business opportunities. Product Management Fundamentals can help Business Development Managers understand the product management process and how it aligns with business development goals. As a foundational course, it can help Business Development Managers develop some of the core skills they need to succeed in their role, especially as it relates to understanding customer needs and identifying market opportunities.
Marketing Manager
Marketing Managers are responsible for developing and executing marketing campaigns. Product Management Fundamentals can help Marketing Managers understand the product management process and how it aligns with marketing goals. As a foundational course, it can help Marketing Managers develop some of the core skills they need to succeed in their role, especially as it relates to understanding customer needs and developing effective marketing campaigns.
Project Manager
Project Managers are responsible for planning, executing, and closing projects. Product Management Fundamentals can help Project Managers understand the product management process and how it aligns with project management goals. As a foundational course, it can help Project Managers develop some of the core skills they need to succeed in their role, especially as it relates to understanding business requirements and stakeholder management.
Sales Manager
Sales Managers are responsible for leading and managing sales teams. Product Management Fundamentals can help Sales Managers understand the product management process and how it aligns with sales goals. As a foundational course, it can help Sales Managers develop some of the core skills they need to succeed in their role, especially as it relates to understanding customer needs and developing effective sales strategies.

Reading list

We've selected ten books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Product Management Fundamentals.
Provides a comprehensive overview of the product management process, from ideation to launch. It valuable resource for anyone who wants to learn more about how to create successful tech products.
Provides a practical guide to using the lean product development process to create successful products. It valuable resource for anyone who wants to learn more about how to use this process to develop and launch new products.
Provides a framework for understanding the challenges of marketing and selling technology products to mainstream customers. It valuable resource for anyone who wants to learn more about how to cross the chasm between early adopters and mainstream customers.
Provides a framework for understanding why large companies often fail to innovate. It valuable resource for anyone who wants to learn more about how to overcome the innovator's dilemma.
Provides a framework for understanding what makes a good strategy. It valuable resource for anyone who wants to learn more about how to develop and implement effective strategies.
Provides a framework for using the lean startup approach to build and launch successful businesses. It valuable resource for anyone who wants to learn more about how to use this approach to create and grow a business.
Provides a practical guide to getting customers for your startup. It valuable resource for anyone who wants to learn more about how to acquire and retain customers.
Provides a framework for developing value propositions that customers will want. It valuable resource for anyone who wants to learn more about how to create and deliver value to customers.
Provides a framework for understanding how to create and sustain successful growth. It valuable resource for anyone who wants to learn more about how to build and grow a successful business.

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