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Senior Manager, Business Strategy (Product Strategy & Portfolio Management) - job 2 of 8

Position Summary...What you'll do...The Senior Manager I will deliver effective product portfolio management to a product portfolio within the Walmart US Product organization. The Associate will be responsible for advising their leader and respective portfolio team on alignment to enterprise strategy, creation and support of product strategy, championing and implementing product ways of working, developing materials for key stakeholder meetings, leading cyclical planning activities, and advocating for best practices in product management. The Associate will liaise with the Product Support Services team on new initiatives, ensuring the portfolio leader, Director, and team are actioning new requirements effectively and timely. The Associate may represent the leader and/or the team in critical meetings with key product partners, including business, technology/engineering, design, finance, and human resources.Key Responsibilities• Collaborate with the Director on providing guidance on product management initiatives, including but not limited to strategy development and execution, product portfolio planning, product reviews and roadmaps, cyclical planning activities (e.g., annual budgeting and operating plan), and cross-functional collaboration with product groups• Champion and implement efficient and disciplined product ways of working, methodologies, frameworks, and best practices to product portfolio(s) under remit. Be a change agent and advocate for sustainable operating rhythms• Develop and execute portfolio-level Objectives & Key Results (OKRs) and quarterly OKR review process for product portfolio leader and team• Collaborate with the Director on supporting all product alignment meetings and forums with stakeholders, including but not limited to recommending the agenda, developing executive-level presentations and tracking outcomes, in concert with product portfolio leader and portfolio teams• Support governance processes across products and capabilities, facilitating necessary conversations with intersecting portfolios• Act as strategic advisor to the product portfolio leader and Director, sharing insights and recommendations based on observations of the team and other product groups• Collaborate with the Director to drive effective decision-making, prioritization, and alignment across the portfolio, and support the same between portfolios• Provide strategic advice and counsel to portfolio leader and team on opportunities to mature, advance, and improve internal ways of working• Manage product portfolio reporting, including product summaries, monthly OKR status, and quarterly business reviews• Work in concert with the Director to strategically align with the Product Support Services team on best practice approaches, providing feedback and identifying opportunities to further collaborate across the portfolios across the entire Product organizationKey Attributes & Skills:• Conscientious self-starter, with a work attitude that exhibits flexibility, initiative, strong judgment, and dependability• An Associate with a strong learning agility who isn't afraid to jump into a new, ambiguous challenge and is able to bring structure and simplicity to an otherwise complicated process• Executive presence and strong communication skills, both written and verbal, enabling effective communication at all levels of the organization• Collaborative Associate, who excels at building relationships and consensus across all levels and cross-functionally• Proactive problem solver, who resolves issues effectively and creatively while maintaining a high degree of integrity, confidentiality, and professionalismWalmart US Product OrganizationThe Senior Manager I will support the Walmart US Product Organization.• Our Mission: Deliver seamless experiences that drive customer loyalty, associate retention, first place wallet share, and lifetime value, enabling the Walmart enterprise strategy.• What We Do: We translate the business strategy and customer needs into a product strategy and architecture. We use our thorough understanding of the business strategy and customer needs, clear view of product capabilities, work in progress, and tech and design resourcing to prioritize work.• How We Do It: While maintaining a product mindset, we drive communication and collaboration across Business, Technology, and Design to deliver frictionless experiences across the Walmart ecosystem.• Product Mindset: The mentality that equips us to execute digital transformation swiftly. The mindset is focused on: understanding the customer journey; identifying the pain points and problems that need solving within that journey; and building, collecting feedback, iterating, and enhancing the solutions to those problems.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 https://one.walmart.com/notices .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 .Sunnyvale, California US-04396/San Bruno, California US-08848:The annual salary range for this position is $117,000.00-$234,000.00Bentonville, Arkansas US-09401:The annual salary range for this position is $90,000.00-$180,000.00Additional 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.Bachelor's degree in Business, Statistics, Social Science, Communications, or related field and 4 years' experience in retail merchandising, operations management, or related area OR 6 years' experience in retail merchandising, operations 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.Leading cross-functional teams, Supervisory experiencePrimary Location...702 Sw 8Th St, Bentonville, AR 72716, United States of America
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$234000K

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What You Should Know About Senior Manager, Business Strategy (Product Strategy & Portfolio Management), Walmart

Are you ready to step into a pivotal role at Walmart as a Senior Manager, Business Strategy focusing on Product Strategy & Portfolio Management? This position, based in the heart of Anderson, MO, invites you to dive into the exciting world of product portfolio management within the Walmart US Product Organization. In this role, you will collaborate closely with the Director to drive impactful product management initiatives. You'll be at the forefront, advising your leadership and portfolio team on aligning with enterprise strategy, creating innovative product strategies, and ensuring the team champions best practices in product management. With your proactive mindset, you'll lead cyclical planning activities and coordinate closely with key stakeholders in finance, technology, and design. Your ability to navigate complex landscapes while maintaining strong communication will set you apart. Moreover, with your keen insights, you'll help steer critical product alignment meetings and oversee quarterly objectives. Walmart values a flexible, conscientious self-starter like you to bring structure to challenges and foster collaborative relationships. This is not just a job; it’s a chance to contribute to a team that believes in driving customer loyalty and seamless experiences. Enjoy competitive pay, incredible benefits, and the opportunity to further your career in a supportive environment. If you're passionate about making a significant impact in the realm of product strategy, we can’t wait for you to join us!

Frequently Asked Questions (FAQs) for Senior Manager, Business Strategy (Product Strategy & Portfolio Management) Role at Walmart
What are the key responsibilities of a Senior Manager, Business Strategy at Walmart?

As a Senior Manager, Business Strategy at Walmart, your main responsibilities will encompass product portfolio management, strategy development, and fostering collaborations across various departments such as business, technology, and design. You will advise your leadership on aligning product strategies with enterprise goals, manage cyclical planning like annual budgets, and ensure effective governance processes across products.

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What qualifications do I need to be a Senior Manager, Business Strategy at Walmart?

To qualify for the Senior Manager, Business Strategy role at Walmart, you need a Bachelor’s degree in fields like Business, Social Science, or a related area, accompanied by at least four years of experience in retail merchandising or operations management. Alternatively, six years of relevant experience without a degree is acceptable, along with strong leadership and communication skills.

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How does Walmart support its Senior Managers, Business Strategy in achieving their goals?

Walmart supports its Senior Managers, Business Strategy by providing a robust framework for product management, offering health and financial benefits, and fostering a culture of collaboration and continuous improvement. You'll have the chance to engage in a variety of key stakeholder meetings and access resources to align your product strategies with overall business objectives.

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What is the salary range for the Senior Manager, Business Strategy position at Walmart?

The salary for the Senior Manager, Business Strategy at Walmart varies by location. In Anderson, MO, you can expect an annual salary ranging from $117,000 to $234,000, along with performance-based bonuses and additional compensation like stock options, reflecting Walmart's commitment to rewarding excellence.

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What opportunities for professional development are available for Senior Managers, Business Strategy at Walmart?

Walmart offers extensive professional development opportunities for Senior Managers, Business Strategy through its Live Better U program, which covers educational benefits ranging from high school completion to bachelor's degrees, and more. This initiative underscores Walmart's dedication to supporting its employees in personal and professional growth.

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Common Interview Questions for Senior Manager, Business Strategy (Product Strategy & Portfolio Management)
Can you describe your experience with product portfolio management?

In answering this question, emphasize your previous roles that involved product portfolio management, highlighting specific projects where you successfully aligned product strategies with business objectives. Discuss your methodology in managing competing priorities and how you collaborated with cross-functional teams to enhance overall product performance.

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How do you handle stakeholder meetings and align agendas?

Address this by illustrating your approach to preparing for stakeholder meetings. Talk about how you establish clear objectives, develop comprehensive agendas, and ensure participation from key areas of the business. Highlight your experience in facilitating these discussions to achieve actionable outcomes.

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What strategies do you implement to keep your team motivated?

In your response, focus on a mix of recognition and accountability strategies that you have successfully executed. Share anecdotes of how you foster team collaboration, set challenging goals, and build a culture of inclusivity which naturally incentivizes high performance.

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Describe a unique challenge you faced in product strategy and how you overcame it.

Use the STAR method to frame your answer: share the situation, the tasks at hand, the actions you took, and the results achieved. This will illustrate your problem-solving skills and your ability to drive product strategy even in turbulent times.

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How do you influence decision-making in a cross-functional environment?

Discuss your approach to building relationships and trust among different teams. Talk about your communication techniques and how you rely on data-driven insights to craft compelling narratives that influence key stakeholders.

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What role does data analysis play in your strategic decisions?

Explain how you routinely utilize data analysis to inform your strategic decisions, providing examples of how data has influenced your past product strategies. Share specific tools or metrics that you monitor regularly to drive product performance.

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How do you prioritize tasks within your team when managing multiple projects?

Describe your approach to task prioritization, including how you assess project urgency and impact. Share methods you employ, such as task matrices or collaboration with your team to ensure alignment on priorities.

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What steps do you take to foster collaboration among cross-functional teams?

Here, you may want to discuss team-building activities, regular check-ins, and utilizing collaborative tools that enhance communication among cross-functional participants. Highlight the importance of shared goals in motivating teamwork.

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Can you give an example of effective product management methodologies you have applied?

Illustrate your familiarity with product management frameworks like Agile, Scrum, or Lean methodologies, providing specific examples of where you implemented these strategies successfully and the impact it had on the product lifecycle.

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How do you ensure that your product strategies align with overall business goals?

In your answer, convey your strategic vision by outlining processes you have established to regularly review and adjust product strategies based on business objectives. Discuss how you keep abreast of market trends and adapt strategies accordingly.

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DATE POSTED
December 15, 2024

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