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PM is not just a very important person from the C-suite. They play a crucial role in the live cycle of any product of the company and they are really supposed to wear suits, but they don’t. Product managers are responsible not just for the technical side of the product, but of its heart and soul.
The main difference of PM from any management position is the necessity to be involved in the product creation directly. The manager is not about producing, but about understanding the techniques and showing the direction for all the teams, as the PM should have the final image of the product.