The role of an Associate Product Manager (APM) is gaining popularity in organizations as a way to capture and develop talent early on. With the demand for qualified product managers often exceeding the supply, organizations are recognizing the need to bring in junior talent and train them to become successful product managers. Additionally, hiring an APM can be a cost-effective solution for organizations that require additional support in product management without the need for a full-fledged product management role.
Hatched by Glasp
Jul 11, 2023
4 min read
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The role of an Associate Product Manager (APM) is gaining popularity in organizations as a way to capture and develop talent early on. With the demand for qualified product managers often exceeding the supply, organizations are recognizing the need to bring in junior talent and train them to become successful product managers. Additionally, hiring an APM can be a cost-effective solution for organizations that require additional support in product management without the need for a full-fledged product management role.
One of the key responsibilities of an APM is to assist and support the product manager in various tasks related to product development and management. This can include conducting market research, analyzing customer feedback, and assisting in the creation of product roadmaps. By working closely with the product manager, the APM gains valuable exposure to the product management process and develops a strong foundation in the field.
In some organizations, the promotion of an APM to a full-fledged product manager may be based on tenure. After a certain number of years in the role, the APM may have acquired enough experience and knowledge to take on a higher level of responsibility. This provides the APM with a clear career progression path and incentivizes them to continue growing and developing their skills.
The role of an APM also allows organizations to address the issue of limited bandwidth among their existing product managers. Instead of burdening the current product managers with additional responsibilities, hiring an APM can help distribute the workload and ensure that each product manager has the necessary support to effectively manage their products. This not only improves the productivity and efficiency of the product management team but also allows the organization to maintain a high level of output without overwhelming their employees.
When it comes to the progression of collective memory, mathematics offers an interesting perspective. In a study analyzing online views of Wikipedia profiles, citations of physics papers, patents, and online play counts of songs and film trailers, researchers discovered a pattern in the decay of collective memory. They found that collective memory follows a biexponential function, with two distinct phases of decline.
The first phase of decline, characterized by a steep drop in attention, is dominated by communicative memory. This refers to the word-of-mouth transfer of information. During this phase, the memory of a person or event fades quickly as it relies on oral transmission. However, the second phase of decline, which is more enduring, relies on cultural memory. This is sustained by the physical recording of information, such as through books, videos, or online platforms. This phase exhibits a gentler slope of decline, indicating that once information is recorded, it has the potential to persist for a longer period.
The comparison of this biexponential decay of collective memory to the poetic description by Pablo Neruda - "Love is so short, forgetting is so long" - highlights the enduring nature of cultural memory. While our immediate attention and interest may wane quickly, the recorded information has the ability to transcend time and be accessed by future generations.
The insights from mathematics and the role of an APM may seem unrelated at first glance, but they both shed light on the importance of continuity and investment in order to sustain and develop valuable resources. In the case of collective memory, the recording and accessibility of information play a crucial role in preserving and passing on knowledge. Similarly, in the case of an APM, organizations invest in junior talent to cultivate their skills and groom them into successful product managers.
To apply these insights in practical terms, here are three actionable pieces of advice:
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Invest in the recording and documentation of important information: Whether it's through written records, videos, or online platforms, ensuring that valuable information is recorded and accessible is crucial for its longevity. This applies to both personal and organizational memory.
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Foster a culture of continuous learning and development: By hiring APMs and providing them with the necessary training and mentorship, organizations can cultivate a pipeline of skilled product managers. This not only benefits the individual APMs but also ensures a continuous flow of talent within the organization.
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Prioritize the allocation of resources: Recognize the limitations of existing resources and identify areas where additional support is needed. By strategically hiring APMs or other roles that can provide valuable assistance, organizations can optimize their output and ensure that product management responsibilities are effectively managed.
In conclusion, the study of collective memory and the role of an APM both highlight the importance of continuity and investment in order to sustain and develop valuable resources. Whether it's the preservation of cultural knowledge or the cultivation of junior talent, these insights provide valuable lessons for individuals and organizations alike. By recording and documenting information, investing in talent development, and prioritizing resource allocation, we can ensure the longevity and growth of important assets.
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