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Rich Mironov - Product Managers Need to Understand the Language of Money (with Rich Mironov, Author and CPO Coach)

One Knight in Product

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Bridging the Gap: Product Management and Executive Alignment

This chapter explores the disconnect between product managers and executives within companies, highlighting how product teams often fail to communicate in the financial language that decision-makers understand. It emphasizes the necessity for product managers to engage with sales and financial aspects to align their strategies with broader business goals, fostering coalition building. The discussion critiques the risks of tying compensation to immediate revenue targets, suggesting that understanding the business's financial mechanics is crucial for effective advocacy of product initiatives.

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