Product Innovation Manager—New Product Development Leadership
Table of Contents
The Innovation Leader: Product Innovation Manager
Product innovation managers lead new product development—ideation, development, testing, launch. They earn ₹85,000-1,40,000/month, advancing to ₹1,60,000-2,70,000+/month as product director.
What Product Innovation Managers Do
Innovation Strategy (30%):
- Define innovation strategy
- Identify market opportunities
- Evaluate innovation ideas
- Portfolio planning
- Resource allocation
Product Development (35%):
- Lead product development teams
- Oversee development process
- Manage timelines and budgets
- Coordinate cross-functional teams
- Quality and performance standards
Launch & Commercialization (20%):
- Product launch planning
- Market entry strategy
- Sales support
- Customer feedback gathering
- Performance monitoring
Portfolio Management (15%):
- Manage product portfolio
- Prioritize development projects
- Monitor product performance
- Discontinuation decisions
Critical Skills
- Product development and innovation
- Project management (large portfolio)
- Cross-functional leadership
- Financial analysis and ROI
- Market and customer knowledge
- Technical knowledge
- Communication and influence
Salary Expectations
Product Manager / Innovation Manager:
₹75,000 – ₹1,20,000/month
Senior Product Manager / Director:
₹1,20,000 – ₹1,85,000/month
VP Product / Chief Product Officer:
₹1,85,000 – ₹3,20,000+/month
Entry Requirements
- 10-12 years product development or related experience
- Project leadership background
- Cross-functional team management
- Financial and business acumen
- Market and customer understanding
- Strategic thinking
The Bottom Line
Product innovation managers drive company growth through new products. Entry ₹85,000-1,40,000 → director level ₹1,20,000-1,85,000+. Business impact. Executive visibility. Path to Chief Product Officer.