Roles and tasks of the Chief Product Officer / CPO
The Chief Product Officer (CPO) plays a key role in modern companies, being responsible for the design, development and implementation of the company's products and services. The main responsibilities and missions of a CPO are :
- Defining product strategy and objectives: the CPO will have to assess the business environment and define the main product strategies and objectives.
- Developing innovative, high value-added products: the CPO must be able to design and develop innovative, high value-added products to meet customer needs.
- Keeping abreast of market and industry trends: the CPO must keep abreast of the latest trends and technological developments to ensure that the company is at the cutting edge of innovation.
- Supervising and leading the product team and development process: the CPO is responsible for supervising and leading the product team and product development processes.
- Managing relationships with customers and partners: the CPO is responsible for managing relationships with customers and partners to ensure that the company delivers high quality, high value-added products and services.
- Evaluating and improving product performance: the CPO must constantly evaluate and improve product performance to ensure that products are in line with customer expectations and the company's strategy.
- Take strategic decisions: the CPO takes strategic decisions to ensure product profitability and growth.
With these responsibilities, the CPO can not only ensure the company's profitability and growth, but also improve customer experience.
Salary and career development of the Chief Product Officer / CPO
The Chief Product Officer (CPO) is a senior position responsible for all aspects of the design, development and delivery of an organisation's products. CPOs are experts in value creation and product strategy. They are responsible for planning, implementing and monitoring products. The salary of a CPO depends on a number of factors, including experience, training and the companies they work for. Evolution of gross annual salary in France
- (0 to 2 years): between €70,000 and €80,000
- (2 to 5 years): between €80,000 and €90,000
- (5 to 10 years): between €90,000 and €110,000
- (10 to 15 years): between €110,000 and €130,000
- (Over 15 years): over €130,000
In terms of career development, a CPO may consider moving into other professions such as : - Product manager
- Project manager
- Director of Technology
- Product Strategy Director
- Product Entrepreneur