Product Manager at Abbott

Shanghai, China

Abbott Logo
Not SpecifiedCompensation
Mid-level (3 to 4 years)Experience Level
Full TimeJob Type
UnknownVisa
Healthcare, Medical DevicesIndustries

Requirements

  • Associates Degree (± 13 years) or Masters Degree (± 18 years) in Engineering
  • Minimum 4 years of experience

Responsibilities

  • Implement a marketing and sales strategy for complex, controversial, or strategically significant products/services to meet sales or market share targets
  • Conduct market research, oversee product development and design, set prices, launch new products, oversee advertising campaigns, and monitor sales performance
  • Monitor, analyze, and evaluate domestic and international market trends, consumer behavior, and competitor activity to identify market opportunities
  • Monitor, analyze, and evaluate product performance and customer feedback to generate new product ideas
  • Identify product/service changes to meet customer needs
  • Liaise with other areas of the organization (e.g., production, R&D) to implement changes
  • Prepare sales forecasts and budgets
  • Monitor sales volume, revenues, and costs against forecasts
  • Adapt plans to improve sales performance
  • Liaise with advertising and promotions specialists to design sales campaigns and sales collateral appropriate for the target audience

Skills

Market Research
Product Development
Pricing Strategy
Product Launch
Advertising Campaigns
Sales Forecasting
Market Analysis
Competitor Analysis
Customer Feedback
Budget Management

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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