What does a new product development manager do?
New product development managers search for new opportunities to develop a new product and oversee the process from creating the concept to its distribution. These managers are responsible for the innovations in existing products to attract a bigger market range. They work with other departments throughout the product development process to create the designs and marketing strategy. Also, they make sure that they only produce the products that will represent their company's brand, mission, and vision well.
New product development manager responsibilities
Here are examples of responsibilities from real new product development manager resumes:
- Manage project closeout upon completion, including an analysis of the project's success in meeting the ROI goals.
- Handle design and specification of administration system requirements to efficiently manage, operate, and support client API configurations and sessions.
- Introduce procedures include ROI analysis with marketing, technical prototype sessions, use of FMEA analysis and project scheduling and management.
- Utilize SQL to support data-driven analysis and decision processes to inform project prioritization, assess feature effectiveness, and troubleshoot issues.
- Expand professional product category and BtoB business by establishing strategic OEM relationships.
- Evaluate state-of-the-art technologies and prepare inter-operability designs for RF network monitoring / optimization solutions and for implementing PTP over wireless networks.
New product development manager skills and personality traits
We calculated that 33% of New Product Development Managers are proficient in Product Development, Project Management, and R. They’re also known for soft skills such as Detail oriented, Math skills, and Analytical skills.
We break down the percentage of New Product Development Managers that have these skills listed on their resume here:
- Product Development, 33%
Guided continuous improvement of all processes associated with product development, internationalizing, release for manufacturing/operational readiness, documentation and launch.
- Project Management, 16%
Led purchasing and project management functions; evaluated, negotiated, and established productivity programs to meet objectives.
- R, 12%
Develop and streamline R code for data evaluation and statistical analyses performed on data collected from experiments and from outside sources.
- Business Development, 3%
Developed strategic partnerships and New Business Development programs.
- Direct Reports, 3%
Supervised several direct reports and major vendors relationships.
- Market Trends, 3%
Identified / researched market trends to develop sustainable growth in profitable revenue, number of accounts, and net membership.
"product development," "project management," and "r" are among the most common skills that new product development managers use at work. You can find even more new product development manager responsibilities below, including:
Math skills. Another essential skill to perform new product development manager duties is math skills. New product development managers responsibilities require that "architectural and engineering managers use calculus and other mathematics to develop new products and processes." New product development managers also use math skills in their role according to a real resume snippet: "conducted quantitative research studies and analyzed syndicated research data (comscore) to support business development. "
Analytical skills. new product development managers are also known for analytical skills, which are critical to their duties. You can see how this skill relates to new product development manager responsibilities, because "architectural and engineering managers evaluate information to solve problems." A new product development manager resume example shows how analytical skills is used in the workplace: "spearheaded implementation of competitive market analysis, marketing/strategic planning, crm implementation and production tracking focused on maintaining superior organizational performance. "
Communication skills. new product development manager responsibilities often require "communication skills." The duties that rely on this skill are shown by the fact that "architectural and engineering managers must effectively convey information and expectations related to projects." This resume example shows what new product development managers do with communication skills on a typical day: "facilitate communication and issue resolution with suppliers in india and china and oem customers in us. "
Organizational skills. Another common skill required for new product development manager responsibilities is "organizational skills." This skill comes up in the duties of new product development managers all the time, as "architectural and engineering managers keep track of many workers, schedules, and budgets simultaneously." An excerpt from a real new product development manager resume shows how this skill is central to what a new product development manager does: "created an organizational structure that allowed for advanced concept research in parallel with stage gate technical product development. "
The three companies that hire the most new product development managers are:
- ITW16 new product development managers jobs
- Essex Industries3 new product development managers jobs
- Johnson & Johnson2 new product development managers jobs
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Compare different new product development managers
New product development manager vs. Analytical research program manager
The analytical research program manager works on developing research programs for the company research team. The program manager's primary function is to craft a series of research guides that will help in the analysis of different data coming from multiple sources in the market. The research program manager creates an outline, maximizing the company's research potential to improve all products, services, and overall business performance. The analytical research program manager must have exemplary research skills, a high level of organization, and good communication.
There are some key differences in the responsibilities of each position. For example, new product development manager responsibilities require skills like "product development," "product design development," "project management," and "market trends." Meanwhile a typical analytical research program manager has skills in areas such as "sas," "business problems," "business knowledge," and "data analysis." This difference in skills reveals the differences in what each career does.
Analytical research program managers tend to reach higher levels of education than new product development managers. In fact, analytical research program managers are 9.9% more likely to graduate with a Master's Degree and 4.4% more likely to have a Doctoral Degree.New product development manager vs. Product lead
A product lead is responsible for monitoring the development of new products and services of an organization, starting from brand conceptualization to official market release and distribution. Product leads identify effective product management by conducting data analysis and evaluating market statistics of customer demands. They coordinate with the clients on their specifications and requirements, including the budget limit and timely deliverables. A product lead manages the brand promotion on media platforms, creating content that adheres to the target audience.
In addition to the difference in salary, there are some other key differences worth noting. For example, new product development manager responsibilities are more likely to require skills like "market trends," "cost reduction," "voc," and "manage cross." Meanwhile, a product lead has duties that require skills in areas such as "architecture," "digital marketing," "lifecycle management," and "cloud." These differences highlight just how different the day-to-day in each role looks.
On average, product leads earn a lower salary than new product development managers. Some industries support higher salaries in each profession. Interestingly enough, product leads earn the most pay in the hospitality industry with an average salary of $129,039. Whereas new product development managers have higher pay in the professional industry, with an average salary of $171,653.product leads earn similar levels of education than new product development managers in general. They're 1.0% more likely to graduate with a Master's Degree and 4.4% less likely to earn a Doctoral Degree.New product development manager vs. Assistant product manager
The key role of an Assistant Product Manager is to supervise the production of goods and ensure efficiency in all aspects of the production process. They also develop and implement different strategies to ensure the stabilization of the product.
Some important key differences between the two careers include a few of the skills necessary to fulfill the responsibilities of each. Some examples from new product development manager resumes include skills like "project management," "business development," "direct reports," and "technical support," whereas an assistant product manager is more likely to list skills in "powerpoint," "overseas vendors," "product categories," and "product performance. "
Assistant product managers earn the highest salary when working in the automotive industry, where they receive an average salary of $61,842. Comparatively, new product development managers have the highest earning potential in the professional industry, with an average salary of $171,653.assistant product managers typically earn similar educational levels compared to new product development managers. Specifically, they're 4.9% less likely to graduate with a Master's Degree, and 1.4% less likely to earn a Doctoral Degree.New product development manager vs. Associate product manager
An associate product manager is someone who assists the product development teams in the development of new product features. The duties of an associate include formulation of product strategies, collection of quantitative product data, and interpretation of consumer feedback. The requirements to qualify for the position include a bachelor's degree in computer science, marketing, business management, or a related field, the ability to maintain strong customer relations, and excellent communication skills.
Even though a few skill sets overlap between new product development managers and associate product managers, there are some differences that are important to note. For one, a new product development manager might have more use for skills like "direct reports," "product development management," "cad," and "cost reduction." Meanwhile, some responsibilities of associate product managers require skills like "user stories," "powerpoint," "customer service," and "user experience. "
Associate product managers enjoy the best pay in the start-up industry, with an average salary of $91,911. For comparison, new product development managers earn the highest salary in the professional industry.associate product managers reach similar levels of education compared to new product development managers, in general. The difference is that they're 4.1% more likely to earn a Master's Degree, and 1.3% less likely to graduate with a Doctoral Degree.Types of new product development manager
Updated January 8, 2025
