Overview:
As the Lead for Products and Innovation, you will play a crucial role in steering the company’s growth through the development of innovative products and services.
Responsibilities
- Innovation Strategy: Develop and execute the innovation strategy aligned with the company’s objectives and market demands.
- Product Development: Lead the ideation, conceptualization, and development of new products, services, or solutions.
- Market Research: Conduct market research and analysis to identify emerging trends, consumer needs, and opportunities for innovation.
- Cross-functional Collaboration: Collaborate with various departments (such as R&D, marketing, sales, and operations) to align innovation efforts and product development with company goals.
- Prototyping and Testing: Oversee the prototyping, testing, and validation of new products or features before market launch.
- Risk Management: Evaluate potential risks associated with new product launches and develop risk mitigation strategies.
- Team Leadership: Manage and mentor teams involved in product development, fostering a culture of creativity and innovation.
Requirements
- Bachelor’s or Master’s degree in Business, Engineering, Product Management, or a related field.
- Extensive experience (5+ years) in product development, innovation management, or a similar role, with a track record of successful product launches.
- Strong leadership and team management skills, with the ability to inspire and guide cross-functional teams.
- Strategic thinking and problem-solving abilities to navigate complexities in product development and innovation processes.
- Proficiency in market research methodologies and familiarity with emerging technologies relevant to the industry.
- Excellent communication skills to convey complex ideas and concepts to diverse stakeholders.
Key Performance Indicators (KPIs):
- Product Launch Success: Success of new product launches based on sales, customer adoption, and market response.
- Innovation Pipeline: Number of innovative ideas generated and their progression through the development pipeline.
- Market Share Growth: Impact of new products or innovations on the company’s market share.
- Customer Feedback: Customer satisfaction levels regarding new products or innovations.
- Time-to-Market: Efficiency of the innovation process by measuring the time taken from ideation to market launch.
- Revenue Generation: Contribution of new products or innovations to the company’s revenue growth.
- Team Performance: Team productivity and collaboration in delivering innovative solutions.
