From the course: Product Management First Steps
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How the industry impacts product management
From the course: Product Management First Steps
How the industry impacts product management
- While there are tons of different types of products, these products are all part of various industries. Let's look at how product management can greatly vary between different industries. Take the automotive industry. In the world of making cars and trucks, there is the vehicle itself that needs to have the components created, assembled, marketed, and sold. To ensure that things are consistent, the automotive industry is highly regulated. For example, there are icons and symbols that are consistent across any vehicle, like the hazard button. There are safety regulations that require that cars have airbags and seat belts. Each of these regulations impacts on how product management works. With each change in the regulations, you have to make sure you're able to comply, which can take time away from adding new features or capabilities you want to provide to your customers. For a car, you have to know from the…
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