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)
Lists the methodologies and practices in engineering change management processes.
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Level 2 Behaviors
(Light Experience)
Tracks cost and engineering changes during production processes in the database.
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Level 3 Behaviors
(Moderate Experience)
Reviews released engineering change data to ensure high-quality deliverables and submittals.
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Level 4 Behaviors
(Extensive Experience)
Monitors performance outcomes to improve accuracy and consistency of all handled documentations.
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Level 5 Behaviors
(Mastery)
Generates value-added proposals to implement top-level engineering change management.
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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)
Lists constructability techniques related to value engineering.
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Level 2 Behaviors
(Light Experience)
Selects the appropriate methods and materials to make the product at a low cost.
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Level 3 Behaviors
(Moderate Experience)
Prepares a report summarizing the value engineering work to give the customers transparency.
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Level 4 Behaviors
(Extensive Experience)
Trains staff in recognizing good replacement material for developing value engineering products.
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Level 5 Behaviors
(Mastery)
Stays abreast of value engineering practices to help mitigate costs while meeting the customers' needs.
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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)
Lists the processes in creating a product development plan.
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Level 2 Behaviors
(Light Experience)
Gathers relevant data to assist leaders with idea generation and new product brainstorming.
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Level 3 Behaviors
(Moderate Experience)
Performs product and market analysis to identify the need for product enhancement.
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Level 4 Behaviors
(Extensive Experience)
Oversees the execution phase, including finding defects or further changes to the new product.
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Level 5 Behaviors
(Mastery)
Oversees the transformation of consumer needs to product benefits and specifications.
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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)
Explains the principles and importance of product marketing.
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Level 2 Behaviors
(Light Experience)
Suggests product messaging that highlights the new products' features.
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Level 3 Behaviors
(Moderate Experience)
Manages product marketing activities, such as research, product story, and launching.
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Level 4 Behaviors
(Extensive Experience)
Sets and manages budgets for various marketing campaigns.
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Level 5 Behaviors
(Mastery)
Oversees the integration of the latest trends and tools in our product marketing efforts.
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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)
Names our key stakeholders from a business value chain perspective.
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Level 2 Behaviors
(Light Experience)
Supports the planning, implementation, and management of training programs that foster process improvements.
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Level 3 Behaviors
(Moderate Experience)
Implements effective marketing strategies that achieve improved business outcomes.
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Level 4 Behaviors
(Extensive Experience)
Trains others on various business and operation topics.
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Level 5 Behaviors
(Mastery)
Evaluates industry and market trends to identify new business opportunities.
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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)
Lists the elements and the steps on how to conduct budgeting.
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Level 2 Behaviors
(Light Experience)
Supplies supporting information and justification for major line items.
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Level 3 Behaviors
(Moderate Experience)
Utilizes software tools and applications to forecast our annual budget accurately.
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Level 4 Behaviors
(Extensive Experience)
Recommends alternative budgeting strategies for resolving budgeting issues in our workplace.
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Level 5 Behaviors
(Mastery)
Introduces technologies, policies, and programs for more effective budget management.
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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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