Production Management Statistics 2023
– Everything You Need to Know

Last Updated on by | Reviewed by Editorial Staff

Production Management Statistics 2023: Facts about Production Management outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Production Management, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

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Top Production Management Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 27 Production Management Statistics on this page 🙂

Production Management “Latest” Statistics

  • In product management, 7% of Harvard Business School alumni found employment.[1]
  • Product managers see internal politics as their main obstacle in 30% of cases.[1]
  • Around 60% of product managers believe that receiving additional technical training would make them more effective product managers.[1]
  • When asked whether this time allocation had any influence on project success, the answers were the opposite 61% of respondents said they wished they could spend more time on strategy and that doing so would most likely have a negative effect on project success.[1]
  • 55% of product managers, according to a Product School poll, prefer working for small-to-medium-sized businesses because of their flexibility and desire to try new things.[2]
  • Product managers claim that unexpected firefighting actions take up 52% of their time.[2]
  • 26% of product managers surveyed had 3-5 years of work experience.[2]
  • 5% said they would work for any business that complies with their particular preferences.[2]
  • A total of 45% of product managers want to work for larger organizations with higher resources and pay.[2]
  • 60% of product managers possess fundamental analytics knowledge that allows them to explore metrics and derive insights without the assistance of analysts.[2]
  • According to 41.2% of respondents, their company’s product management is ineffective, which is connected to the competency of their product managers.[3]
  • According to a 280 group survey, one out of five goods doesn’t satisfy consumer demands, making a good product manager even more crucial.[3]
  • 56% of respondents said that their product manager’s abilities might need some development.[3]
  • 60% of product managers are recruited through their personal networks.[3]
  • World-class manufacturers are 30% more likely to manage their design data using PDM or product lifecycle management (PLM).[4]
  • Industrial production managers’ employment is anticipated to expand by 3% between 2021 and 2031, which is slower than the average for all professions.[5]
  • 10% online degrees at breakthrough prices that match your schedule are available.[6]
  • 56% of product staff members are dissatisfied or feel mediocre about the way they communicate their product strategy.[7]
  • 67% of product employees prefer working remotely, 100% more often than upon entering the workplace 10% of the time if given the option.[7]
  • Product managers with 2-5 years of expertise are likely to encounter it the most often (46% constantly).[7]
  • The main measure of the product team’s performance over the last two years has been 33% of the business.[7]
  • Only 15% of senior leadership positions are occupied by individuals who fit one of these criteria.[7]
  • Product managers are hired more often in certain areas than others, particularly technology (51%).[7]
  • 32% of product employees work for businesses with 100 or fewer employees, while businesses employ 21% with 500 or more employees.[7]
  • There are 60% males, 37% women, and 3% who either decided not to reveal or identify as nonbinary in the field of product management.[7]
  • 56% of respondents believe their approach to conveying the product strategy leaves them unsatisfied or feeling mediocre.[7]
  • 59% of product users identify as White, such as German, Irish, English, or Polish, or Asian, such as Chinese or Filipino[7]

Also Read

Reference

  1. airfocus – https://airfocus.com/blog/surprising-product-management-stats/
  2. theproductmanager – https://theproductmanager.com/general/statistics-career-product-management/
  3. uxcam – https://uxcam.com/blog/product-management-statistics/
  4. autodesk – https://www.autodesk.com/solutions/pdm-product-data-management
  5. bls – https://www.bls.gov/ooh/management/industrial-production-managers.htm
  6. coursera – https://www.coursera.org/courses?query=operations%20management
  7. productplan – https://www.productplan.com/state-of-product-management-report-2021/

About Author & Editorial Staff

Steve Goldstein, founder of LLCBuddy, is a specialist in corporate formations, dedicated to guiding entrepreneurs and small business owners through the LLC process. LLCBuddy provides a wealth of streamlined resources such as guides, articles, and FAQs, making LLC establishment seamless. The diligent editorial staff makes sure content is accurate, up-to-date information on topics like state-specific requirements, registered agents, and compliance. Steve's enthusiasm for entrepreneurship makes LLCBuddy an essential and trustworthy resource for launching and running an LLC.

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