Product Managers often don’t think enough about leadership as a distinct skill set; instead they constrain it to stakeholder management, e.g. managing up, down, across the org. I believe leadership is central to a Product Manager’s role. Simply put, leadership in product requires 1) clarity in where the product needs to be, 2) honesty in where the product is today, and 3) a plan and the inspiration to close the gap.
Attributes
1. Self Aware
Knows own strengths and weaknesses, centered, transparent, humble, authentic, and driven by values.
The less important a decision, the less information you should try to seek to make it.
Gathering information follows a Pareto principle, meaning you can get 80% of the information quite easily, but getting the final 20% requires a lot of effort.
Decisions are the output of a process framed by six questions.
What decision is needed?
By when?
Who should be consulted?
Who decides?
Who ratifies or vetoes?
Who needs to be informed?
Decisions should be made at the lowest competent level by someone with both detailed technical understanding and past experiences, both good and bad, from different implementation approaches.