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Milena Krasteva

AMA: Walmart Sr Director II, Product Management - Marketing Technology, Milena Krasteva on Developing Your Product Management Career


October 6, 2022 @ 10:00AM PT

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  1. What are differences between PM and Sr. PM? What are clear indicators that someone is ready to take on Sr. PM role and responsibilities that come with it? And, when in the Sr. PM role, what are key stages that distinguish different levels of Sr. PMs?

    Milena Krasteva
    Milena Krasteva

    Walmart Sr Director II, Product Management - Marketing Technology • 3y

    In general, the progression from any level to the next is a matter of demonstrating increasing levels of skill in product definition, technical or domain expertise, ability to navigate and project manage increasing levels of complexity, communication, and ability to influence amonst others. Another way to think about this is that you are increasingly moving from "learning the ropes" to "knowing the ropes" to eventually "having invented the ropes". Much depends also on how formally the company de ...Read More

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  2. What are the biggest frustrations you have as a product manager?

    Milena Krasteva
    Milena Krasteva

    Walmart Sr Director II, Product Management - Marketing Technology • 3y

    One area of frustration is when everybody wants to play the role of product manager informally but very few have any formal training or experience in product management. This manifests as all kinds of well-meaning (and sometime not so benign) solutioning, which actually attempts to bypass the product management function, then leads to really suboptimal business outcomes. Often this happens due to misaligned incentives in other orgs (We're innovating!?). Good ideas can come from anywhere and the ...Read More

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  3. How do you manage the 1000 questions and tasks that are shot at you when you are a PM in an early stage startup?

    I'm the first PM in a startup that used to be sales led. I'm trying to set up the proper discovery processes, prioritization tactics and strategy, but I find that extremely hard to do as I'm getting carried away in the day-to-day tasks around requests, issues reported and project management.

    Milena Krasteva
    Milena Krasteva

    Walmart Sr Director II, Product Management - Marketing Technology • 3y

    Actually, no differently than managing the 1001 questions and tasks shot at you in a large company :) A PM wears many hats. If any one area takes over disproportionately, the risk is that you are no longer doing the job of a PM. Some common blurring of the boundaries is when PM is acting to fill gaps that are normally entirely different functions: - Project manager - QA - Technical Support - Technical Writer - Trainer - Solution Consultant - Marketer - Data Analyst, etc. Write down the CORE PM r ...Read More

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  4. How do you think about staying within a company versus looking for opportunities outside? When do you know it's time to leave?

    Milena Krasteva
    Milena Krasteva

    Walmart Sr Director II, Product Management - Marketing Technology • 3y

    There are some absolutes, which may be self-evident, but I'll still mention them for the record: disrespect, discrimination, excessive stress, unreasonable and unhealthy workload, workplace toxicity in all it's forms, the company is unethical or is visibly tanking...and many more.  Otherwise, I suspect the most common reason to leave might be simply put as: a better opportunity elsewhere. Now, this is a very personal calculus that becomes harder if things are not exactly terrible. Perhaps you ar ...Read More

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  5. How do early career PM's proactively learn about skills that take them to the next level. How do they develop them.

    Milena Krasteva
    Milena Krasteva

    Walmart Sr Director II, Product Management - Marketing Technology • 3y

    There is no substitute for being hands-on, although there is now also plenty of literature on PM-ing. Become more technical by learning from your engineering and data science partners. Don't worry too much about annoying people. Most will be kind enough to explain and it will make their job easier when you increasingly not only "speak their language but incorporate the knowledge on the job. Observation of how other successful PMs and even other stakeholders operate is also very useful, especiall ...Read More

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  6. I’ve heard that the jump from Sr. PM to the “next level” (e.g Principal or Group PM) often comes with a steep learning curve. Is that true, and how would one prepare to solidify the right foundation to ease the transition preemptively?

    Milena Krasteva
    Milena Krasteva

    Walmart Sr Director II, Product Management - Marketing Technology • 3y

    In my experience, the learning curve happens in the current role, as a prerequisite to transitioning into the next. You have to be operating at the next level already and there really isn't an easing of the transition beyond that. For example, managing wider scope, solving harder problems, navigating trickier interpersonal dynamics, connecting more "dots", communicating with more clarity on more complex matters, and influencing more people and outcomes, are among some of the skills needed at eve ...Read More

    815 Views
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  7. What do you think is top 3 skills a PM should have acquired to move to director level?

    Milena Krasteva
    Milena Krasteva

    Walmart Sr Director II, Product Management - Marketing Technology • 3y

    1. Communication

    2. Execution

    3. Domain expertise

    I'd add stakeholder management as an important one but I can only do the top 3 :)

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  8. What should you do if your Manager is not helping you grow and you see little growth opportunities? Should you stay at the job and try to learn as much as possible or should you definitely leave the company and look for a new opportunity?

    How much time should you give a job and a manager to see if they are a fit in your growth and career?

    Milena Krasteva
    Milena Krasteva

    Walmart Sr Director II, Product Management - Marketing Technology • 3y

    There is "not helping", or even not knowing that help is needed, and then there is actively blocking. I'm going to assume it is not the latter - actively blocking. There are remedies for that too, though much depends on the situation, the players, your determination, and some luck.  Otherwise, step 1 would be to have a conversation with your manager dedicated to how you would like to get help. I good starting point is documenting an IDP (individual development plan). Think through what and how y ...Read More

    457 Views
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  9. What has been the most surprising thing about being a Director that you only realized after you were promoted?

    Milena Krasteva
    Milena Krasteva

    Walmart Sr Director II, Product Management - Marketing Technology • 3y

    Many promotions happen because the person was already performing and showing up as being at the next level. Depending on the company, the Director role marks a clearer line between individual contributor roles and management roles. However, unless the promotion is accompanied by a significant change in scope or new formal reporting lines into the role, perhaps the most surprising thing is that much else remains the same. You might now be on some additional distribution lists for Directors and ab ...Read More

    786 Views
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