1. The training of product managers needs greater attention from banks
- Author
-
Wichman, William
- Subjects
Management training -- Management ,Banking industry -- Training ,Production management -- Methods ,Banking, finance and accounting industries ,Business ,Economics - Abstract
Banks should spend significant amounts of time and money on training their product managers to learn the overall business and keep it running smoothly. Interaction with the entire organization is essential to the success of a product manager in identifying key issues that could affect the business. Effective training should include on-the-job training, the preparation of an annual business plan to be presented to management and training on how to interpret and analyze pertinent business and market data. A product manager must understand his role and know how to carry out his expected functions., Product management has been prevalent for 10 to 15 years in retail banking and cash management, and for a shorter time in other fee-based areas and private banking. But the [...]
- Published
- 1993