You're absolutley right! The first starts by understanding how much emphasis the company puts on distribution vs. product. An observation I've made is that companies who have a CEO with a sales/marketing background give PMMs more authority over product development and GTM. Companies with CEOs with an engineering/product background tend to give PMMs a more limited scope focused on market validation, positioning, and messaging.
What has made me successful in a PMM career was starting on a nascent product in which we were "firefighting" every single day. I thrive in startups or ambiguous environment when we're trying to prioritize what's important.
When I first joined, our programs in my product group were not complex to begin with. It was about getting the bare necessities out to customers and sales in order to drive demand, mature pipe, and close deals. I shuffled from function to function, experimenting and quickly learning about all the levers I could pull to drive revenue.