Product Manager

Abbott • Lake Forest, IL

1d • Onsite

About The Position

Abbott is a global healthcare leader dedicated to helping people live more fully at all stages of life, with a portfolio spanning diagnostics, medical devices, nutritionals, and branded generic medicines. With 115,000 colleagues in over 160 countries, Abbott offers a supportive environment for career growth and personal well-being. As a Product Manager in Lake Forest, IL, you will be responsible for the strategic development and launch preparation of products and services within the Workplace Services business of Abbott Rapid & Molecular Diagnostics. This role involves overseeing product/service design, development, and go-to-market readiness to ensure successful market positioning. You will analyze market trends, customer behavior, regulatory requirements, and competitive activity to inform the innovation roadmap and guide product development to meet evolving customer needs. Collaboration with cross-functional teams including R&D, Operations, IT, PMO, Quality, Regulatory, Channel Marketing, and Sales is crucial for market launch preparation. You will lead product development planning, monitor sales performance, and adapt strategies for optimal results, using product performance and customer feedback to drive continuous improvement and innovation.

Requirements

• Bachelors degree required or equivalent combination of education and work experience
• Minimum of 5 years of experience in product management

Nice To Haves

• Experience in B2B marketing
• Experience developing service-oriented products in the healthcare industry
• Bachelor’s degree strongly preferred, MBA or Masters degree a plus
• Role expected to work in a highly regulated and quality system environment
• Proven track record of leading end-to-end product development, launch, and iteration
• Experience managing products through the full lifecycle, from concept to launch and beyond, while anticipating future needs and challenges.
• Strong business acumen and analytical skills, with a deep understanding of customer needs and the ability to represent the customer in design and development discussions
• Strong understanding of software and technology, including user experience (UI/UX)
• Deep understanding of software and/or technology as a service
• Experience translating technology service solutions into revenue generating products
• Excellent written and verbal communication skills, with the ability to influence and collaborate across teams and levels
• Ability to work in multiple initiatives with short and overlapping deadlines
• Strong interpersonal skills and ability to work with a diverse team
• Self-motivated and self-starter, with initiative to deliver result

Responsibilities

• Take full responsibility for owning and communicating innovation initiatives within the product roadmap, ensuring alignment with the company’s strategic goals and continuous advancement of the product.
• Work closely with key stakeholders to prioritize feature requirements based on user needs and business goals, translating those requirements into actionable deliverables for IT and Operations teams.
• Oversee product development and design, conduct market research as needed, define GTM strategies, launch new products, and monitor performance to effectively market new products/services.
• Further develop the team’s use of analytics tools, deepening the understanding of product performance, real-world outcomes, and how to optimize the product for better user experiences.
• Lead the cross functional timeline management for product development and product launch readiness.
• Prepare products for commercialization by working with cross-functional teams (e.g., Operations, IT, R&D, PMO, Quality, Regulatory, Channel Marketing, Commercial).
• Adapt plans to improve the sales performance of product/services: Monitor customer experience, revenues and costs against forecasts to inform opportunities for optimization.
• Lead launch planning and commercialization of products, ensuring alignment across cross-functional team and full product readiness for optimal launch success.
• Collaborate with internal technical resources to synthesize requirements for the development or enhancement of products and services and their supporting technology / software enhancements.

Benefits

• Career development with an international company where you can grow the career you dream of.
• Employees can qualify for free medical coverage in our Health Investment Plan (HIP) PPO medical plan in the next calendar year.
• An excellent retirement savings plan with a high employer contribution.
• Tuition reimbursement, the Freedom 2 Save student debt program, and FreeU education benefit - an affordable and convenient path to getting a bachelor’s degree.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Number of Employees: 5,001-10,000 employees