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Principal, Product Manager - job 1 of 9

Position Summary...What you'll do...Data Driven Product Decisions : Requires knowledge of: Product and feature analytics; Data analysis tools and techniques; Research for analysis activities; Documentation procedures (for example, data logs); Modern industry practices and emerging trends. To independently (or with minimal guidance) conduct activities for product/feature analytics with an understanding of simple trends/insights. Monitors, collects, and structures data and evaluates result. Supports the identification and application of tools and techniques. Assists in the planning, design, and implementation of exploratory data analysis. Driving Customer/ Client Needs : Requires knowledge of: Customer and business problems; Design thinking; Dependencies and impacts on product processes/ways of working; Journey mapping; Process optimization; Communication and influencing techniques. To build and maintain consistent relationships with customers and proactively identifies customer needs. Creates scalable processes to gather and analyze customer experiences. Demonstrates a deep understanding of customer needs to make decisions. Designs and implements new, barrier-free processes. Coaches team members to improve focus on the customer. Product Roadmap and Development : Requires knowledge of: Product roadmap development techniques; Roadmap presentation; Roadmap features and items; Project management techniques; Modern business practice (for example, Agile methodologies, Scrum); Minimum Viable Product (MVP) creation; Product development lifecycles; Product development concepts (for example, "Crossing the Chasm") To develop and own roadmaps across a complex product. Ensures and drives communication for internal and external stakeholders. Interfaces with and influences partners to secure resources and alignment. Mentors team members on product roadmap and development. Establishes product roadmap expectations, performance measures, and goals. Drives alignment of features for a complex product by navigating through organizational/ market constraints. Manages roll out and scaling (using an MVP approach) of complex products/features. Product Vision and Strategy: Requires knowledge of: Problem formulation and solutioning; Hypothesis framing; Business strategies; Business management practices across multiple domains; Customer segments and needs; Domain-specific knowledge; "Go to Market" strategies; Industry, environmental, and economic factors and competitors; Product discovery process, product vision, product strategy and challenges; Rapid prototyping and Lean experimentation methodologies; Concepts of "First Principle," "Whole Product," and "Crossing the Chasm" . To own a complex customer problem and/or product requirement/need, as well as upstream and downstream impacts. Builds new ideas and strategies using "Whole Product" concepts. Identifies new/uncharted areas for value creation. Independently articulates problem statements and defines success metrics (for example, key performance indicators). Promotes product strategies and vision to stakeholders. Drives "Go-to-Market" strategies to ensure mass adoption. Influencing and Building Stakeholder Consensus : Requires knowledge of: Verbal/non-verbal behaviors ; Application and allocation of business communication styles/techniques in ambiguous and challenging situations; Situational awareness; Elements of Emotional Intelligence and Influencing Styles; Communication channels/mediums; Interpersonal skills and universal relationship building. To communicate in stakeholder meetings involving multiple teams. Conveys complex information and addresses ambiguity for robust technology development. Influences team members and stakeholders with sound recommendations. Independently prepares clear, concise, and logically structured reports/materials. Seeks and provides constructive feedback, anticipates needs/questions, and responds appropriately. Technology Orientation: Requires knowledge of: Competitive technology landscapes; Existing portfolio of enterprise systems, technologies, services, and architecture; Common PaaS and IaaS technologies and environments; Software quality assurance methodologies, tools, processes, and checkpoints; Emerging technology and industry trends; Product and technology innovation. To drive business and user acceptance testing for complex products. Manages the adoption of new and emerging technologies. Possesses an understanding of complete systems architecture, services involved, and the database and cloud technologies used. Demonstrates awareness of system architectural principles. Demonstrates awareness of technical topics at a conceptual level, as well as the systems and data that enable major capabilities, and drives innovation. In-Depth Domain Expertise : Requires knowledge of: Domain-specific methodologies, tools, and processes; Domain-specific products; Domain specific best practices; Domain-specific market standards in product/platform architecture To demonstrate awareness of various principles, ways of working, and subdomain specific terminologies across multiple subdomains within a domain. Compares the maturity of products, services, and processes across subdomains with others in the industry. Identifies areas of innovation across the subdomains, share potential innovations with the leadership team, and drive initiatives. Recommends new processes, automation opportunities, and ways of working for subdomains. Drives the execution of multiple business plans and projects by identifying customer and operational needs; developing and communicating business plans and priorities; removing barriers and obstacles that impact performance; providing resources; identifying performance standards; measuring progress and adjusting performance accordingly; developing contingency plans; and demonstrating adaptability and supporting continuous learning. Provides supervision and development opportunities for associates by selecting and training; mentoring; assigning duties; building a team-based work environment; establishing performance expectations and conducting regular performance evaluations; providing recognition and rewards; coaching for success and improvement; and ensuring diversity awareness. Promotes and supports company policies, procedures, mission, values, and standards of ethics and integrity by training and providing direction to others in their use and application; ensuring compliance with them; and utilizing and supporting the Open Door Policy. Ensures business needs are being met by evaluating the ongoing effectiveness of current plans, programs, and initiatives; consulting with business partners, managers, co-workers, or other key stakeholders; soliciting, evaluating, and applying suggestions for improving efficiency and costeffectiveness; and participating in and supporting community outreach events. Leadership Expectations Respect for the Individual: Demonstrates and encourages respect for all; builds a high-performing, diverse team; seeks, and embraces differences in people, cultures, ideas and experiences; creates a workplace and equitable experiences where associates feel seen, supported and connected through culture of belonging so associates thrive and perform; drives a positive associate and customer/member experience for all; identifies, attracts, and retains the best, diverse team members. Respect for the Individual: Creates a discipline and focus around developing talent, through feedback, coaching, mentoring, and developmental opportunities; promotes an environment allowing everyone to bring their best selves to work; empowers associates and partners to act in the best interest of the customer/member and company; and regularly recognizes others' contributions and accomplishments. Respect for the Individual: Builds strong and trusting relationships with team members and business partners; works collaboratively and cross-functionally to achieve objectives; and communicates and listens attentively, with energy and positivity to motivate, influence, and inspire commitment and action. Acts with Integrity: Maintains and promotes the highest standards of integrity, ethics and compliance; models the Walmart values and leads by example to foster our culture; supports Walmart's goal of becoming a regenerative company by making a positive impact for associates, customers, members, and the world around us. Acts with Integrity: Follows the law, our code of conduct and company policies, and sets expectations for others to do the same; promotes an environment where associates feel comfortable sharing concerns and reinforces our culture of non-retaliation; listens to concerns raised by associates. takes action and encourages others to do the same; holds self and others accountable for achieving results in a way that is consistent with our values. Acts with Integrity: Acts as an altruistic servant leader and is consistently humble, self-aware, honest, and transparent. Service to the Customer/Member: Delivers expected business results while putting the customer/member first and consistently applying an omni-merchant mindset and acts with an Every Day Low Cost mindset to drive value and Every Day Low Prices for customers/members. Service to the Customer/Member: Adopts a holistic perspective that considers data, analytics, customer/member insights, and different parts of the business when making plans and shaping the team's strategy. Strive for Excellence: Consistently raises the bar and seeks to improve; demonstrates curiosity and a growth mindset; seeks feedback, asks thoughtful questions, fosters an environment that supports learning, innovation, and learning from mistakes, and intelligent risk-taking; and exhibits resilience in the face of setbacks. Strive for Excellence: Seeks and implements continuous improvements and encourages the team to leverage new digital tools and ways of working.At Walmart, we offer competitive pay as well as performance-based bonus awards and other great benefits for a happier mind, body, and wallet. Health benefits include medical, vision and dental coverage. Financial benefits include 401(k), stock purchase and company-paid life insurance. Paid time off benefits include PTO (including sick leave), parental leave, family care leave, bereavement, jury duty, and voting. Other benefits include short-term and long-term disability, company discounts, Military Leave Pay, adoption and surrogacy expense reimbursement, and more.You will also receive PTO and/or PPTO that can be used for vacation, sick leave, holidays, or other purposes. The amount you receive depends on your job classification and length of employment. It will meet or exceed the requirements of paid sick leave laws, where applicable.For information about PTO, see .Live Better U is a Walmart-paid education benefit program for full-time and part-time associates in Walmart and Sam's Club facilities. Programs range from high school completion to bachelor's degrees, including English Language Learning and short-form certificates. Tuition, books, and fees are completely paid for by Walmart.Eligibility requirements apply to some benefits and may depend on your job classification and length of employment. Benefits are subject to change and may be subject to a specific plan or program terms.For information about benefits and eligibility, see One.Walmart .Hoboken, New Jersey US-10279:The annual salary range for this position is $132,000.00-$264,000.00Sunnyvale, California US-08479/San Bruno, California US-08848:The annual salary range for this position is $143,000.00-$286,000.00Bentonville, Arkansas US-09401:The annual salary range for this position is $110,000.00-$220,000.00Additional compensation includes annual or quarterly performance bonuses.Additional compensation for certain positions may also include:StockMinimum Qualifications...Outlined below are the required minimum qualifications for this position. If none are listed, there are no minimum qualifications.Option 1: Bachelor's degree in computer science, engineering, or related area and 9 years' experience in product management. Option 2: 11 years' experience in product management or related area.Preferred Qualifications...Outlined below are the optional preferred qualifications for this position. If none are listed, there are no preferred qualifications.Master's degree in Computer Science, Engineering, Business Administration, or related area and 8 years' experience as a product manager, ideally working on consumer-facing, large-scale, highly complex B2B/C products, Supervisory experience, We value candidates with a background in creating inclusive digital experiences, demonstrating knowledge in implementing Web Content Accessibility Guidelines (WCAG) 2.2 AA standards, assistive technologies, and integrating digital accessibility seamlessly. The ideal candidate would have knowledge of accessibility best practices and join us as we continue to create accessible products and services following Walmart's accessibility standards and guidelines for supporting an inclusive culture.Masters: Business Administration, Masters: Computer Engineering, Masters: Computer SciencePrimary Location...221 River St, Hoboken, NJ 07030, United States of AmericaWalmart, Inc. is an Equal Opportunity Employer- By Choice. We believe we are best equipped to help our associates, customers, and the communities we serve live better when we really know them. That means understanding, respecting, and valuing diversity- unique styles, experiences, identities, abilities, ideas and opinions- while being inclusive of all people.
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What You Should Know About Principal, Product Manager, Walmart

Are you ready to take the reins as a Principal, Product Manager at Walmart? In this dynamic position based in Pompton Lakes, NJ, you'll be at the forefront of crafting innovative product strategies that meet the needs of our diverse customer base. Your knowledge of product analytics, research techniques, and modern business practices will be crucial as you make data-driven decisions and lead the charge in optimizing our customer experiences. As you build relationships with clients, you'll not only understand their needs but also proactively design processes that enhance their interactions with our products. Collaboration is key, and your ability to influence and align stakeholders will be vital as you guide cross-functional teams towards a shared product vision. Get ready to dive deep into product roadmaps, mentor your colleagues, and drive communication across various levels of the organization. Walmart values integrity, diversity, and customer-first approaches, which means you will play a significant role in promoting a culture that fosters innovation and excellence. And don’t forget, with our competitive compensation package, including pay, bonuses, and a variety of health and retirement benefits, you’ll be well-supported as you embark on this exciting journey with us. If you thrive in a fast-paced environment and are passionate about making a substantial impact, this Principal, Product Manager role is the perfect opportunity for you to shine.

Frequently Asked Questions (FAQs) for Principal, Product Manager Role at Walmart
What are the primary responsibilities of the Principal, Product Manager at Walmart?

As a Principal, Product Manager at Walmart, your primary responsibilities include driving customer needs through data-driven product decisions, managing complex product roadmaps, and developing strategic product visions. You'll conduct thorough product and feature analytics, work closely with customers to enhance their experiences, and mentor team members to ensure they have a customer-centric focus. Additionally, you'll be responsible for aligning diverse stakeholders and implementing growth strategies to ensure maximum product impact.

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What qualifications are required for the Principal, Product Manager position at Walmart?

For the Principal, Product Manager position at Walmart, you must hold a Bachelor’s degree in computer science, engineering, or a related field, along with nine years of product management experience. Alternatively, candidates with eleven years of experience in product management or related areas may qualify. Preferred qualifications include a Master’s degree in relevant fields and experience in managing large-scale, consumer-facing products.

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How does Walmart support the continuous learning of a Principal, Product Manager?

Walmart is dedicated to fostering a culture of continuous learning and innovation. As a Principal, Product Manager, you can benefit from our 'Live Better U' program, which offers education and development opportunities including tuition reimbursement for further studies. Additionally, you'll have access to mentorship resources and opportunities for cross-functional collaboration to enhance your skills and insights into various domains.

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What skills are essential for success in the Principal, Product Manager role at Walmart?

Success as a Principal, Product Manager at Walmart requires a mix of technical and interpersonal skills. You should be proficient in analytics and data interpretation, adept in project management methodologies like Agile and Scrum, and possess strong communication skills to influence stakeholders. A deep understanding of customer needs and market trends will be critical, along with the ability to coach and mentor your peers to enhance team performance.

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What is the salary range for the Principal, Product Manager role at Walmart?

The salary range for the Principal, Product Manager position at Walmart varies based on location and experience levels. For example, in Pompton Lakes, NJ, the range is between $132,000 and $264,000, with additional compensation including performance-based bonuses. Your final salary will be commensurate with your qualifications and experiences, along with our comprehensive benefits package.

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Common Interview Questions for Principal, Product Manager
Can you describe your experience with product roadmaps?

In addressing your experience with product roadmaps, it’s important to highlight specific examples where you successfully developed and managed a roadmap. Discuss how you prioritized features based on customer needs and market trends, and explain the methods you used for gathering stakeholder feedback to align on the product vision.

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How do you measure the success of a product at Walmart?

When discussing how to measure a product's success, focus on defining key performance indicators (KPIs) like customer satisfaction scores, user engagement rates, or revenue growth. Provide examples of how you've implemented these metrics in previous projects and adjusted strategies based on analytic insights to improve product outcomes.

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What strategies do you employ to maintain stakeholder alignment?

To ensure stakeholder alignment, it’s vital to discuss your communication strategies. Talk about regular updates, feedback sessions, and utilizing visualization tools to present product roadmaps and progress. Highlight any specific instances where your effective communication led to overcoming challenges or aligning differing viewpoints within the team.

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Describe a time when you faced a significant challenge in product management.

In responding to such a question, narrate a specific challenge, such as dealing with shifting project requirements or addressing customer feedback. Detail the steps you took to analyze the problem, your decision-making process, and the ultimate outcome, emphasizing how it helped you grow as a Principal, Product Manager.

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How do you approach gathering customer feedback?

Discuss your methods for gathering customer feedback, whether it be through surveys, product usage analytics, or direct customer interviews. Emphasize the importance of creating scalable processes to analyze this feedback and how it informs your product decisions and enhances customer satisfaction.

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What role does data analytics play in your product management approach?

Data analytics is essential in your approach as a Principal, Product Manager. Elaborate on how you utilize data analysis tools to extract insights that guide product development and improve user experiences. Share examples of pivotal decisions you've made based on data trends.

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Explain how you implement Agile methodologies in your projects.

When explaining your experience with Agile methodologies, detail how you incorporate Agile principles like iterative development and team collaboration into your projects. Highlight your experience in sprint planning, user story creation, and retrospective meetings as vital components of successful Agile product management.

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What techniques do you use to mentor team members?

In addressing your mentoring techniques, cite specific examples where you've guided colleagues through product challenges. Discuss the importance of providing constructive feedback, facilitating skill development opportunities, and creating a learning environment that fosters professional growth.

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How do you prioritize features in a product roadmap?

Your approach to prioritizing features should involve discussing methodologies such as RICE scoring or MoSCoW prioritization. Share examples demonstrating how you balance customer needs, business objectives, and technical feasibility when making prioritization decisions.

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How do you ensure that accessibility standards are integrated into product development?

To ensure accessibility standards are integrated, mention your knowledge of WCAG guidelines and describe your collaborative efforts with design and development teams to create inclusive products. Provide examples of how you've implemented best practices or conducted accessibility audits to promote an inclusive user experience.

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