Chief Product Team 
Get to know the best practices of Chief Product Officer vs COO. If you are interested, this article is a great help for you. So, read on to learn more.
Chief Product Officer vs COO – Designated Responsibilities
Let’s take a look at what each of them is.
Chief Product Officer
The chief product officer or CPO is the executive role that oversees the product strategy and development of a company. This position is different from that of the Chief Technology Officer (CTO) in that it is not concerned with the technological aspects of the products. Instead, it focuses on business objectives and the management of technology for achieving these objectives.
Key Responsibilities
The chief product officer has several key responsibilities, let’s discuss at least 3 of them:
Strategic Planning
The chief product officer is responsible for setting an overall strategy for the company’s products. The strategy should be aimed at achieving the company’s goals and objectives. He/she should also plan the product roadmap and decide about which products need to be developed or modified and what course of action needs to be taken. Especially if the company is having any issues with its product strategy, the chief product officer is responsible for finding a solution. it
Creating a Product Plan
The chief product officer creates a product plan that contains all the information required to develop the products. This includes the goals to be achieved by developing each product, its features and cost of production. The chief product officer also makes sure that the employees working on the products are doing so following the approved product plan.
Setting Priorities
The chief product officer sets priorities for each project based on its importance for achieving the company’s goals and objectives. He/she also makes sure that all employees are working towards achieving these priorities.
What is a COO?
Chief Operating OfficerCOO stands for Chief Operations Officer. It is a management position, responsible for overseeing the day-to-day operation of a company or a department. The chief operating officer also focuses on the day-to-day business operations and the management of resources for achieving business goals.
Key Responsibilities
The chief operating officer has several key responsibilities and you can check out some of them:
Business Strategy and Planning
The COO is responsible for setting an overall business strategy and plan. The plan should contain detailed information about how the company will achieve its goals and objectives. He/she should also decide about which products need to be developed or modified and what course of action needs to be taken to achieve this. If the company is having any issues with its business strategy, the COO is responsible for finding a solution.
Creating a Product Plan
The chief operating officer creates a product plan that contains all the information required to develop the products. This includes the goals to be achieved by developing each product, its features and cost of production. The chief operating officer also makes sure that the employees working on the products are doing so following the approved product plan.
Setting Priorities
The chief operating officer sets priorities for each project based on its importance for achieving the company’s goals and objectives. He/she also makes sure that all employees are working towards achieving these priorities.
