Product managers should have basic financial literacy, but the implications of new accounting policies like ASC 606 and ASC 606-340 exceed most product manager’s finance capabilities. Instead product managers should become best friends with the Finance organization who can help them navigate this new, complex world. And they might save their products and jobs in the process.
The pace of mergers and acquisitions is accelerating due to the record valuations in today’s market. The chance that your organization could be acquired is greater than ever. Prudent product management leaders should understand how M&A execs analyze and assess product management organizations. This could not only help maximize the valuation of their company, but help them preserve their own role in a merged enterprise.