Product managers implement the strategy for a product or a product line and hence are responsible for overseeing the development and improvement of products. They understand how the customer interacts with the products to create customer prices and determine potential future requirements for the product. They have to understand all the aspects of the product. They also have to analyze the market trends, customer demands, and competition to influence the product's vision and journey. They envision the product vision, goals, and returns and devise a plan to achieve them and maximize the return on investment.
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