Skills & Competencies for Top Product Development Executive

Top Product Development Executive job profile

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JOB SUMMARY for Top Product Development Executive

Plans and directs all aspects of an organization's product development policies, objectives, and initiatives.

JOB RESPONSIBILITIES for Top Product Development Executive

Oversees research for new products, product enhancements, and product redesign. Ensures that product development activities align with the goals of the organization. Makes recommendations on the potential and practicality of products in development.

Top Product Development Executive SALARY RANGE

BASE 50%
$303,728
TOTAL 50%
$398,158
Job Level
M06
Job Code
EX05000016
Education/Degree
Bachelor's Degree
Reports To
Top Management

Top Product Development Executive Skills and Competencies List

Proficiency Levels and Behavioural Indicators
Salary.com identifies five increasing levels of proficiency for each skill/competency. Some jobs require only a relatively low level of proficiency in each skill/competency, while other jobs will require a more advanced level of proficiency in the same skill/competency. These levels rate the degree of proficiency (skill level, expertise) we expect the incumbent to perform in the given skill/competency for the given job. Note that we intentionally do not associate timeframes or years of experience in performing the skill/competency because that can be misleading. Proficiency levels identify what the incumbent knows and can do rather than how long they have been doing it. Also, note that the proficiency levels are cumulative, e.g., a level 4 proficiency implies the ability to perform all the behaviors at the lower levels.
Check each Top Product Development Executive skill and competencie below to view definitions.
INDUSTRY COMPETENCIES JOB FAMILY COMPETENCIES CORE COMPETENCIES
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5 hard skills or competencies (industry competencies) for Top Product Development Executive

1 Industry Competency – Engineering Change Management
Proficiency Level -3
Skill definition-Creating, reviewing, and implementing engineering change requests, orders, and notifications.
Level 1 Behaviors
(General Familiarity)
Cites the engineering principles and procedures in implementing changes to components or products.
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Level 2 Behaviors
(Light Experience)
Assists in completing basic administrative tasks of engineering change management processes.
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Level 3 Behaviors
(Moderate Experience)
Analyzes changes of product configuration to determine the effect on the product design.
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Level 4 Behaviors
(Extensive Experience)
Coordinates with stakeholders regarding engineering change management to verify the status of process changes.
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Level 5 Behaviors
(Mastery)
Builds engineering change and control databases and systems to management initiatives.
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2 Industry Competency – Value Engineering
Proficiency Level -4
Skill definition-Analyzing a product’s features and materials during the design phase to reduce costs and increase functionality while maintaining consistent quality.
Level 1 Behaviors
(General Familiarity)
Cites new designs, processes, and sourced products for engineering testing.
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Level 2 Behaviors
(Light Experience)
Assists management in the testing of new parts and equipment that will be used for engineering products.
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Level 3 Behaviors
(Moderate Experience)
Analyzes the current materials and determine what can be used as a low-cost replacement.
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Level 4 Behaviors
(Extensive Experience)
Designs integrated alternative value engineering ideas to lessen the cost of goods and services.
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Level 5 Behaviors
(Mastery)
Champions the execution of value engineering activities in the pre-construction phase of projects.
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3 Top Product Development Executive - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Top Product Development Executive
Proficiency Level - 4
5 Competency for - Top Product Development Executive
Proficiency Level - 5

2 general skills or competencies (Job family competencies) for Top Product Development Executive

1 Job Family Competencies – Product Development
Proficiency Level -4
Skill definition-Overseeing the creation of new products or improvement of the performance, cost, or quality of existing products to achieve business goals.
Level 1 Behaviors
(General Familiarity)
Cites the significance and risks of product development in improving our bottom-line.
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Level 2 Behaviors
(Light Experience)
Assists the management in the conceptual development stage of product lines.
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Level 3 Behaviors
(Moderate Experience)
Determines needed changes in product specifications based on the results of market research.
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Level 4 Behaviors
(Extensive Experience)
Creates product development strategy to translate high-level direction into technical deliverables.
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Level 5 Behaviors
(Mastery)
Approves and monitors the project calendar to ensure alignment of deliverables with schedules.
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2 Job Family Competencies – Product Marketing
Proficiency Level -4
Skill definition-The conceptualization and design of new and rebranded goods and services to maintain and increase market share and consumer demand.
Level 1 Behaviors
(General Familiarity)
Describes various product marketing tactics such as integrated marketing campaigns.
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Level 2 Behaviors
(Light Experience)
Conducts research on competitor offerings and pricings.
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Level 3 Behaviors
(Moderate Experience)
Communicates the vision and merit of a campaign to our teams to achieve product marketing goals.
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Level 4 Behaviors
(Extensive Experience)
Evaluates and recommends marketing opportunities in alignment with the product line objectives.
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Level 5 Behaviors
(Mastery)
Ensures that marketing contents and messaging reflect the product and brand image.
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3 Top Product Development Executive - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Top Product Development Executive
Proficiency Level - 4
5 Competency for - Top Product Development Executive
Proficiency Level - 5

12 soft skills or competencies (core competencies) for Top Product Development Executive

1 Core Competencies – Business Acumen
Proficiency Level -4
Skill definition-Insight into our organization's business, goals, and values. Ability to design and implement initiatives that facilitate successful outcomes.
Level 1 Behaviors
(General Familiarity)
Discusses the strengths and weaknesses of our products and services.
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Level 2 Behaviors
(Light Experience)
Explains advantages and disadvantages of different organizational structures from an efficiency perspective.
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Level 3 Behaviors
(Moderate Experience)
Communicates financial insights that positively influence the business plan development process.
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Level 4 Behaviors
(Extensive Experience)
Evaluates and explains the financial aspects of a business initiative to different teams.
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Level 5 Behaviors
(Mastery)
Champions organizational change and digital transformation to drive higher business performance.
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2 Core Competencies – Budgeting
Proficiency Level -4
Skill definition-Applying specific policies, tools and practices to plan and prepare projected revenues, expenses, cash flows, and capital expenditures.
Level 1 Behaviors
(General Familiarity)
Describes the procedures for capital and expense allocation and budgeting.
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Level 2 Behaviors
(Light Experience)
Gathers data from financial statements to help create budget plans and improve budgeting strategies.
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Level 3 Behaviors
(Moderate Experience)
Implements strategic operational efficiencies and techniques for conducting successful budgeting.
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Level 4 Behaviors
(Extensive Experience)
Evaluates past decisions on budgetary considerations to improve the budgeting process.
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Level 5 Behaviors
(Mastery)
Establishes operating procedures to guide the consistency and repeatability of our budgeting processes.
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3 Top Product Development Executive - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Top Product Development Executive
Proficiency Level - 4
5 Competency for - Top Product Development Executive
Proficiency Level - 5

Summary of Top Product Development Executive skills and competencies

There are 5 hard skills for Top Product Development Executive, Engineering Change Management, Value Engineering, Product Engineering, etc.
2 general skills for Top Product Development Executive, Product Development, Product Marketing.
12 soft skills for Top Product Development Executive, Business Acumen, Budgeting, Goal Setting, etc.
While the list totals 19 distinct skills, it's important to note that not all are required to be mastered to the same degree. Some skills may only need a basic understanding, whereas others demand a higher level of expertise.
For instance, as a Top Product Development Executive, he or she needs to be skilled in Business Acumen, be skilled in Budgeting, and be skilled in Goal Setting.

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