Description

The Vice President (VP) of Product Development is a highly influential role within an organization responsible for managing and driving the entire product development process. As a VP, you will lead a team of product managers and developers in creating and executing innovative strategies to bring new products to market. You will work closely with cross-functional teams such as engineering, marketing, and sales to ensure the successful development and launch of products that not only meet customer needs but also maximize revenue and profitability. Additionally, you will be responsible for managing the product roadmap, prioritizing features and enhancements, and ensuring timely delivery of high-quality products. The VP of Product Development will also be required to foster a culture of innovation and continuous improvement within the team, encouraging creativity and out-of-the-box thinking. You must stay up-to-date with industry trends, market demands, and customer insights to drive product initiatives that give the organization a competitive edge. Overall, the VP of Product Development is a key leadership role critical to the success of the company's product portfolio, requiring strong strategic thinking, collaboration, decision-making, and excellent communication skills.

Roles & Responsibilities

As a Vice President VP of Product Development with 6-9 years of experience in the AE, your main responsibilities include:

  • Lead and manage a team of product managers, engineers, and designers to drive the development and delivery of high-quality products.Oversee the entire product development lifecycle, from ideation to launch, ensuring adherence to timelines and budgets.
  • Collaborate with cross-functional teams, including marketing, sales, and operations, to align product development strategies with business objectives.Gather and analyze market research, customer feedback, and industry trends to inform product roadmap and strategy.
  • Define and prioritize product features and enhancements, based on customer needs, competitive analysis, and market opportunities.Conduct regular product reviews and provide guidance on feature prioritization and resource allocation.
  • Drive innovation and continuous improvement by fostering a culture of creativity, experimentation, and learning within the product development team.

Qualifications & Work Experience

Vice-presidents (VPs) of product development are typically part of the top management team within an company. The position is classified as a job in technology and typically is a subordinate position directly to chief technology officers, the chief engineer officer or a different department head. Vice-presidents of product development typically have a number of employees working under them, as well as a team of managers that report directly to them directly. The individuals in this position are accountable for the management of the entire process of product development undertaken by the team responsible for product development. The goal of this role will be to make sure that the product development team is able to meet the requirements of the company and meets the requirements of customers.

Essential Skills For Vice President (VP) of Product Development

1

Product Development

2

Leadership Management

3

Product Roadmapping

Skills That Affect Vice President (VP) of Product Development Salaries

Different skills can affect your salary. Below are the most popular skills and their effect on salary.

Product Development

39%

Agile Product Management

67%

Career Prospects

The role of Vice President VP of Product Development is crucial in driving innovation and growth within an organization. For professionals with 6-9 years of experience in the United Arab Emirates industry, several alternative roles are available to explore. Here are four options to consider:

  • Director of Product Management: A role that involves overseeing the entire product lifecycle, from ideation to launch, and managing a team of product managers.
  • Chief Technology Officer CTO: A position focused on setting the technology strategy and roadmap, driving innovation, and ensuring the alignment of technology initiatives with business goals.
  • Head of Research and Development: A role that involves leading the research and development efforts, driving innovation, and collaborating with cross-functional teams to bring new products to market.
  • Senior Program Manager: A position focused on managing complex projects, ensuring timely delivery, and coordinating with various teams to achieve project goals.

How to Learn

The Vice President (VP) of Product Development role in the United Arab Emirates (UAE) is projected to experience significant growth in the market. Based on the 10-year analysis of the job role, employment opportunities for VP of Product Development in the UAE are expected to increase substantially. According to Google's latest data points, this position is becoming increasingly prominent due to the region's focus on innovation and technology-driven industries. The projected growth suggests a promising future for professionals seeking employment as VP of Product Development in the UAE.