Innovation Product Manager - Forecast

Company:	Thomson Reuters Company Profile \| Current Opportunities (18)
Job Location(s):	Philadelphia
Employment Term:	Regular
Employment Type	Full Time
Start Date:	As soon as possible
Starting Salary Range:	Not Provided
Required Education:	Bachelor's Degree
Required Experience:	Open
Related Categories:	Management and Supervision, IT - Operations and Support, Project Management

Position Description

Innovation Product Manager - Forecast -PRO00002256

Description

Thomson Reuters is the leading source of intelligent information for the world's businesses and professionals, providing customers with competitive advantage. Intelligent information is a unique synthesis of human intelligence, industry expertise and innovative technology that provides decision-makers with the knowledge to act, enabling them to make better decisions faster. Through its more than 50,000 people across 93 countries, Thomson Reuters delivers this must-have insight to the financial, legal, tax and accounting, scientific, healthcare and media markets, and is powered by the world's most trusted news organization. More information about Thomson Reuters and its financial performance can be found on www.ThomsonReuters.com The Healthcare & Science business of Thomson Reuters provides intelligent information to better manage the cost and quality of healthcare and accelerate scientific research and innovation.

Main Purpose of Job

To determine where and how to invest in our subscription information products, as well as in new products, to provide the best return on investment for the life sciences business, and to coordinate with others to oversee the approval and implementation of those investments.

This person will work closely with product development leads, technical architects, customer-facing staff, and key potential and current customers to determine, prioritize and oversee implementation of product investments, including new products, as well asfunctionality and content to existing products. This includes identifying and prioritizing the opportunities to grow revenue and customer loyalty from the business markets in life sciences.

This person will be primarily responsible for key deliverables such as product roadmaps, business cases and marketing requirement documents;key business metrics such as capital investment rate of return, mid to long term product revenue growth; and other product performance (market share, usage, attrition). This role is crucial organizationally to achieving consensus around appropriate product investments and driving them forward, providing the 'the message of the market' to many functions within the Thomson Reuters life sciences business.

This position will be responsible for the Thomson Pharma Partnering Forecast and Deals modules, with general focus on Business Development & Licensing market. The target users in this market include information professionals, competitive intelligence, mergers & acquisition, corporate strategy and business development & licensing.. It may also include expansion markets such as generics, financial firms, and academic institutions.

This role reports to the Director of Product Strategy, Business Solutions.

Reportees: None

Duties/Responsibilities:

Understand and communicate internally (or externally as appropriate) the current product and content capabilities including distribution mechanisms (web portal, data feeds, API), content (depth, breadth, sources, and editorial policy), positioning (messaging, pricing, discounting policy), product differentiators (features, functions), and legal/policy constraints (third party agreements, customer agreements, regulatory requirements).
Meet with potential customers, customer users, buyers, and recent evaluators to discover key unmet needs and to translate implications to technical innovations that could grow revenue and market share. Develop relationships with key industry thought leaders.
Provide input to product marketing manager on go-to-market plans, including product messaging, marketing communications and pricing.
Review all sources of market feedback (e.g., market research, win/loss analyses, satisfaction surveys, competitive write-ups)
Review emerging technology capabilities (e.g. search engine, visualization tools, report writing) and determine relevance to strategic goals of product.
Determine the growth potential of the product and manage technical investments based on lifecycle curve. Identify the need for reduced product investment; execute product retirements and customer migrations.
Define measurable commercial goals of new product releases, whether growth, usage, customer satisfaction or user migration.
Create (as primary author) product assessments and SWOT analysis relative to competitors and industry trends
Create (as primary author) and manage the three-year product roadmap. Determine phasing of growth strategy by working with product development to package new features into product releases, balancing cost, date and quality.
Create (as primary author) business cases including P&L financials.
Create (as primary author) marketing requirement documents (MRDs) for new product releases in accordance with software development lifecycle process
Create (as primary author) use case scenarios for new product releases in accordance with software development lifecycle process
Create (as primary author) user personas for individual products
Create (as primary author) a commercial status dashboard for all business cases
Oversee implementation of new releases to ensure desired commercial outcomes are achieved including balance of scope/date/cost
Assess outcome of new product releases and report to executive management
Identify technical partnerships and maintain relevant specific technical relationships
Establish and maintain intellectual property rights

Qualifications

MUST HAVE: A strong information technology technical background and experience working with information technology
MUST HAVE: Experience discovering unmet needs in a particular market and proposing an innovative product enhancement, new product, or product strategy change
MUST HAVE: Excellent consensus building and facilitation skills.
Significant experience writing market requirement documents, User Personas, or User Scenarios in a product development lifecycle setting
Significant experience rationalizing and prioritizing technical investments.
Significant understanding of relevant pharmaceutical industry uses, buyers and industry trends
Experience in developing a business case, including financial P&L
Experience in developing a product strategy to achieve competitive differentiation of a product.
Experience in driving and monitoring commercial success of a new product or product release
Demonstrated ability to pursue customer-driven development.
Demonstrated ability to process large amounts of conflicting data and drive forward decisions based on an objective fact base.
Demonstrated ability to build relationships across a wide range of diverse competencies and organizational levels.
Familiarity with the sources of revenue and cost in a commercial content product environment
Excellent team player
Excellent oral and written English communications.
Ability to travel internationally to North America, Europe and potentially APAC - 20% travel estimated.

Thomson Reuters employees take pride in providing our customers around the world with information that is timely, accurate, unbiased and trusted. We have a profound respect for the professions and customers we serve and define our success in terms of their success. Our work environment is dynamic, innovative and entrepreneurial. We have a result-oriented culture that demands excellence, agility, and the desire to move quickly and precisely to seize opportunities. Our environment is both challenging and supportive - we give employees the opportunity to develop their skills and do their best work.

Thomson Reuters values diversity of culture and thought and seeks talented, qualified employees in all its operations around the world regardless of race, gender, national origin, religion, sexual orientation, disability, age or any other protected classification under country or local law. Thomson Reuters is proud to be an Equal Employment Opportunity/Affirmative Action Employer.

According to the U.S. Citizenship and Immigration Services (USCIS), the H-1B visa cap has been met for the fiscal year 2010 (October 1, 2009-September 30, 2010.)

Job Product Management

Primary Location US-PA-Philadelphia

Other Locations United Kingdom-London

Organization Healthcare & Science Life Sciences

Schedule Full-time

Education Level Bachelor's Degree (16 years)

Job Type Standard

Shift Day Job

Travel Yes, 25% of the time