What does a chief product officer (CPO) do? Role, responsibility, and skills

In product-led organizations and startups, the role of the Chief Product Officer (CPO) is pivotal, overseeing the product department and development process to ensure the alignment of the company's product portfolio with market needs and strategic goals. The CPO is a C-level executive who collaborates with other executives, such as the CEO and VPs of product, to shape and execute product strategies that address market gaps and user needs. The CPO's responsibilities include creating a strategic roadmap, establishing robust product management processes, mentoring product managers, and recruiting a skilled product team. Key competencies for a successful CPO encompass strategic thinking, communication, decision-making, and leadership. Typically, CPOs have extensive experience in product management, often hold advanced degrees, and possess a vast professional network. Specialized executive programs, such as those offered by Kellogg Executive Education and MIT, provide targeted education for aspiring CPOs. The role of the CPO is relatively new and requires a blend of hands-on experience, academic qualifications, and notable achievements in product management.