Good product managers create leverageable collateral, FAQs, presentations, white papers. They anticipate serious product flaws and build real solutions. They write down their position on important issues.
Bad product managers complain that they are overburdened with answering questions for the sales force. They put out fires all day and voice their opinion verbally on important issues.
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Although this is an older article, it effectively contrasts the various aspects of a good Product Manager against that of a bad Product Manager.
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