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(USA) Principal, Product Manager - job 1 of 3

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 architectureTo 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.Live our Values - Culture Champion - Models the Walmart values to foster our culture; holds oneself and others accountable; and supports Walmart's commitment to communities, corporate social responsibility, and sustainability; maintains and promotes the highest standards of integrity, ethics and compliance.Live our Values - Servant Leadership - Acts as an altruistic servant leader and is consistently humble, self-aware, honest, and transparent.Embrace Change - Curiosity & Courage - Demonstrates curiosity and a growth mindset; fosters an environment that supports learning, innovation, and intelligent risk-taking; and exhibits resilience in the face of setbacks.Embrace Change - Digital Transformation & Change - Seeks and implements continuous improvements and encourages the team to leverage new digital tools and ways of working.Deliver for the Customer - Customer Focus - Delivers expected business results while putting the customer first and consistently applying an omnimerchant mindset and the EDLP and EDLC business models to all plans.Deliver for the Customer - Strategic Thinking - Adopts a holistic perspective that considers data, analytics, customer insights, and different parts of the business when making plans and shaping the team's strategy.Focus on our Associates - Diversity, Equity & Inclusion - Identifies, attracts, and retains diverse and inclusive team members; builds a high-performing team; embraces diversity in all its forms; and actively supports diversity goal programs.Focus on our Associates - Collaboration & Influence - Builds strong and trusting relationships with team members and business partners; works collaboratively and cross-functionally to achieve objectives; and communicates with energy and positivity to motivate, influence, and inspire commitment and action.Focus on our Associates - Talent Management - Creates a discipline and focus around developing talent, 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 and company, and regularly recognizes others' contributions and accomplishments.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 .The annual salary range for this position is $143,000.00-$286,000.00Additional 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...850 Cherry Avenue, San Bruno, CA 94066-3031, 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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$214500 / YEARLY (est.)
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$143000K
$286000K

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What You Should Know About (USA) Principal, Product Manager, Walmart

Are you ready to take the lead as a Principal Product Manager at Walmart in Menlo Park, CA? This is an exciting opportunity to dive deep into data-driven product decisions and play a key role in shaping the future of our products. In this position, you will leverage your expertise in product analytics and modern industry practices to make informed decisions that directly impact our customers' experiences. Your ability to identify customer needs and design scalable processes for gathering and analyzing feedback will be crucial. Collaborating with various teams, you will drive the product roadmap and development while ensuring alignment among stakeholders. Your experience with Agile methodologies and your knack for mentoring others will help your team thrive. As a Principal Product Manager, you will also craft strategies for product vision and oversee the adoption of new technologies. We value innovative thinkers who embrace change and support diversity in every aspect of their work. If you're passionate about using your skills to create accessible, consumer-facing products, this role is perfect for you. Join us at Walmart, where you will have the chance to make meaningful contributions to our mission to deliver excellent customer experiences while enjoying competitive pay and fantastic benefits to support your personal and professional growth.

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

As a Principal Product Manager at Walmart, your key responsibilities include driving product analytics, understanding customer needs, developing product roadmaps, and influencing stakeholders. You will monitor, collect, and structure data to ensure informed product decisions. Additionally, you will implement customer feedback processes, coach team members, and oversee the adoption of emerging technologies.

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

To qualify for the Principal Product Manager role at Walmart, candidates must have a bachelor's degree in computer science, engineering, or a related field, along with at least 9 years of relevant product management experience. Alternatively, 11 years of experience in product management or a related area can also be considered. Preferred qualifications include a master's degree and supervisory experience.

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How does Walmart ensure career development for Principal Product Managers?

Walmart fosters career development for Principal Product Managers through continuous learning opportunities, including mentoring and leadership development programs. The organization supports your growth by promoting a high-performance culture and offering certification programs under our Live Better U initiative, ensuring you have access to education and leadership training to further enhance your career.

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What sort of benefits can Principal Product Managers expect at Walmart?

As a Principal Product Manager at Walmart, you can expect a comprehensive benefits package that includes medical, vision, and dental coverage, along with retirement savings options like a 401(k) plan. Additional benefits may include paid time off, educational assistance, adoption and surrogacy reimbursement, as well as performance-based bonuses for your hard work.

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

The salary range for the Principal Product Manager position at Walmart in Menlo Park, CA is between $143,000 and $286,000 annually, depending on experience level and qualifications. This role also has the potential for performance-based bonus compensation, adding to your overall earnings.

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Common Interview Questions for (USA) Principal, Product Manager
Can you describe your approach to product analytics as a Principal Product Manager?

When discussing your approach to product analytics, emphasize your expertise in utilizing data analysis tools to derive actionable insights. Share examples of how you have monitored, collected, and structured data to inform product decisions and improve user experiences.

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How do you prioritize customer needs in product management?

In answering this question, highlight your experience with journey mapping and designing processes to gather customer feedback. Discuss specific methods you've employed to ensure that customer needs drive product development and showcase successful examples from your past work.

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What methodologies do you follow for product roadmap development?

Discuss your familiarity with Agile methodologies, Scrum, and Minimum Viable Product (MVP) strategies. Share how you keep all stakeholders aligned throughout product development cycles and your approach to setting performance measures and goals.

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Can you provide an example of a successful product strategy you've implemented?

Your response should include a detailed case study of a product strategy that you designed and implemented. Focus on how you identified customer segments, articulated problem statements, and defined success metrics to achieve favorable outcomes.

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How do you handle stakeholder communication and influence?

Explain your communication style and provide examples of how you engage with diverse teams and stakeholders. Discuss the importance of clear, structured reports and anticipating questions or concerns, ensuring a collaborative atmosphere.

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What techniques do you use to mentor your team effectively?

Detail your mentoring style, emphasizing active listening, providing constructive feedback, and setting performance expectations. Mention specific instances where your mentorship has led to improved team performance and individual growth.

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What innovative technologies have you adopted in past product management roles?

Provide insight into recent technologies you've integrated into product development processes. Discuss your experience with emerging trends and how they influenced product design and functionality.

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How do you maintain a customer-first mindset in product management?

Illustrate how you ensure a customer-first approach by sharing examples of how you've used customer insights to shape product features and processes. Mention techniques for gathering customer feedback and implementing changes based on their input.

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How do you evaluate the success of a product post-launch?

Elaborate on your methods for analyzing product performance after launch, including key performance indicators (KPIs) and consumer feedback analysis. Share how you've used this data to make adjustments and drive continuous improvement.

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How do you support diversity and inclusion in your product management practices?

Discuss your commitment to fostering diversity and inclusion within your team and the broader product lifecycle. Share specific initiatives you've led or participated in that aimed to enhance accessibility and inclusivity in product development.

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