Global Director, Product Management - Abbott Heart Failure at Abbott

Pleasanton, California, United States

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Not SpecifiedCompensation

Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, Medical DevicesIndustries

Requirements

Bachelor’s degree required
At least 8 years of progressively responsible brand and product management experience, preferably in implantable cardiac medical devices
Ability to influence senior-level stakeholders and confidently recommend a point-of-view based on insights and data
Proven ability to develop and execute complex strategic business plans, proven effectiveness in financial and budget management
Data analysis and financial skills
Record of successful talent development through direct or indirect reporting relationships
Ability to motivate, focus, and lead a diverse group of people; demonstrated effectiveness at developing talent throughout organizational levels
Excellent interpersonal skills to collaborate with a multitude of functions, outstanding communication and presentation skills
Strong analytical ability and understanding
MBA strongly preferred due to the business complexity and P&L responsibility of the position
Experience in Cardiac Implantable Medical Devices (preferred)

Responsibilities

Partner with the executive leadership team to develop, refine, and execute hemodynamic monitoring franchise strategy for short and long-term growth
Develop and drive organic and inorganic growth strategies and tactically execute on key insights from the team
Drive franchise-level decisions that are strategic, tactical, and operational
Serve as focal point for the Division regarding category market knowledge, planning, execution, and achievement of business objectives
Manage franchise and category lifecycle, from generation of customer and market insights to concept and product/solution development and launch
Stay ahead of category competition (direct and indirect), understand implications, and shape strategic decision-making
Anticipate new market demands and creation of new markets; provide leadership for product/concept justification during funding cycle to product development
Use market research, customer input, internal stakeholder feedback, and other means to ensure profitable and differentiated products are delivered to market
Ensure appropriate customer requirements and design inputs are crafted to guide the development team
Provide leadership and direction to R&D and support organizations throughout development cycle (e.g., trade-off analysis across customer, financial, and timeline impacts)
Direct go-to-market strategy for new product launches, including market definition and segmentation, targeting and positioning, new product reimbursement landscape, and all aspects of the marketing mix (product, price, promotion, and sales enablement)
Own the product brand strategy and messaging architecture
Ensure launch and post-launch success by providing support to regional commercial organizations and on-market teams
Participate in strategic planning initiatives such as portfolio management process and long-range strategic planning to ensure profitable growth opportunities are supported
Be a highly experienced leader and good people manager

Skills

Product Management

Strategic Planning

Market Research

Franchise Management

Lifecycle Management

Growth Strategy

Hemodynamic Monitoring

R&D Leadership

Go-to-Market

Customer Insights

Abbott

Healthcare solutions in diagnostics and devices

About Abbott

Abbott Laboratories focuses on improving health through various medical technologies and health solutions. The company operates in areas such as cardiovascular health, diabetes management, diagnostic testing, nutrition, and neuromodulation for chronic pain and movement disorders. Abbott's products include advanced medical devices and diagnostic tests that help healthcare professionals and patients manage health conditions effectively. For example, their cardiovascular technologies assist in heart health management, while diabetes care products enable accurate glucose monitoring without painful fingersticks. Unlike many competitors, Abbott emphasizes accessibility and affordability in its offerings, aiming to make life-changing technologies available to a broader audience. The company's goal is to positively impact global health and well-being, supported by a commitment to sustainability and a 2030 Sustainability Plan.

Lake Bluff, IllinoisHeadquarters

1888Year Founded

IPOCompany Stage

HealthcareIndustries

10,001+Employees

Risks

Departure of key leader Dr. Adamson may affect Abbott's Heart Failure division.

Integration challenges with Medtronic could impact glucose monitor-insulin pump rollout.

Thermo Fisher's microfluidics expansion may increase competition for Abbott.

Differentiation

Abbott integrates continuous glucose monitoring with automated insulin delivery systems.

Abbott's microfluidic devices streamline diagnostic processes efficiently.

Abbott's neuromodulation products target specific nervous system areas for chronic pain relief.

Upsides

Microfluidic technology offers cost-effective solutions in diagnostics.

Strategic partnerships like Abbott-Medtronic enhance product offerings and market reach.

Significant investments indicate strong market confidence in Abbott's healthcare solutions.

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