Illinois Tool Works

Global Product Manager

Illinois Tool Works • $115K — $140K *
Lake Bluff, IL 60044Hybrid
Manufacturing & Automotive
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor of Science or Engineering Degree; MBA is a plus
  • 3-5 years in Product Management
  • Ability to manage a technical product portfolio, especially in industrial or scientific equipment
  • Demonstrated leadership in business growth initiatives
  • Proven skills in market segmentation and financial justification
  • Experience in developing product line strategies and growth initiatives
  • Strong communication, presentation, and project management abilities

Responsibilities

  • Drive profitable growth for diverse product lines
  • Analyze market trends and customer needs to inform decision-making
  • Develop lead generation strategies in collaboration with Marketing and Sales teams
  • Create sales tools and collateral to support product growth
  • Lead the New Product Development process from concept to launch
  • Manage product lifecycle, including pricing and customer feedback integration
  • Provide training and support for the sales team on products

Benefits

  • 7.5% 401k match
  • 4 weeks of paid time off
  • 10 paid company holidays
  • Employee recognition program
  • Competitive health insurance
Full Job Description

The GlobalProduct Manager is responsible for profitably growing a product portfolio by developing, implementing and driving marketing/business strategies and tactical action plans contributing to growth in market share and size.  This key position is focused on effectively utilizing ITW’s Toolbox of core business philosophies to manage the lifecycle of multiple product lines, lead business growth initiatives and champion new product development. The Product Manager will collaborate with Marketing to develop lead generation tools, programs and campaigns and with Global Sales Teams to develop and support local growth strategies. 

  • Market Landscape:Utilize ITW’s core enterprise principles to identify and allocate resources to maximize portfolio profitability and product performance.

    • Through research and market data understand our customer needs and translate those needs into actionable pain points and opportunities

    • Analyze and communicate sales trends for given product lines using dashboards and tracking reports

    • Create and implement annual growth plans and product strategy

  • Strategic Marketing:Facilitate product line growth through strategic marketing and initiatives.

    • Convey value propositions for assigned product lines to key market segments through marketing and collateral

    • Develop initiatives and collaborate with commercial leaders on product sales strategies and support execution

    • Generate leads for assigned products

    • Create sales tools and playbooks

  • Innovation:Build and maintain an innovation pipeline that supports Buehler’s business strategies.

    • Identify and prioritize new product opportunities and growth market segments/applications based on market knowledge and voice of customer data

    • Participate in New Product Development Stage Gate process including: strategic fit, competitive analysis, prioritized customer pain points, value proposition, business case, key requirements, voice of customer throughout the process, phase in phase out plan, feedback at concept, alpha and beta stages and launch materials

  • Product Portfolio Management: Manage a portfolio of products through the development, commercialization, growth, maintenance, and obsolescence stages

    • Provide input to Engineering on improvements to on-market products based on quality concerns, customer feedback and market impact

    • Determine product pricing for all global regions based on market research, production/material costs and anticipated demand. Review margins for product lines and adjust pricing to maximize OI

    • Provide product specific training to the sales team

Qualifications

  • Bachelor of Science or Engineering Degree. MBA is a plus.

  • 3-5 years Product Management experience. 

  • Ability to learn about and manage a technical product portfolio. Previous experience with industrial, scientific or instrumentation equipment is a plus. 

  • Demonstrated ability to effectively lead business growth initiatives and projects.

  • Proven ability to identify and understand market segmentation, to develop financial business justification, and to deliver proposals to upper management.

  • Experience developing product line strategy including new product development roadmaps, growth initiatives for existing products and product line simplification.

  • Experience championing new product development from ideation to launch.

  • Experience identifying unique value propositions and writing marketing content for targeted market segments.

  • Strong team/project management, communication, and presentation skills.

  • Experience collaborating with a multinational team a plus.

  • Capable of effectively managing priorities and time when provided with multiple projects, of varying magnitude, with firm delivery dates.

  • Up to 10% domestic or international travel.

Additional Information

  • 7.5% 401k match

  • 4 weeks of paid time off

  • 10 paid company holidays

  • Recognition program

  • Competitive health insurance

Compensation Information:

This position is located in Lake Bluff, IL and has a base salary of $115,000- $140,000 plus bonus.  Pay offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. The total compensation package for this position may also include other elements dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.

About Illinois Tool Works

ITW is an industrial manufacturing company that specializes in the fields of industrial machinery, engineering, operations, sales, marketing, finance, and accounting. It's in deep-sea oil rigs, aerospace technology, bridges and wind turbines, healthcare, the spaces in which they live and work, the cars they drive, and the mobile devices they rely on. It was founded in 1912 and headquartered in Glenview Nas, Illinois.

Illinois Tool Works Careers

Join the dynamic team at Illinois Tool Works (ITW), a global leader in diversified manufacturing, where innovation and excellence drive us forward. ITW offers unparalleled job opportunities, fostering a culture of growth and leadership in the industry.

Work You’ll Do

At Illinois Tool Works, you will be part of a professional community that thrives on creativity and innovation. Our employees are equipped with the skills needed to succeed and are provided with endless opportunities for professional growth. Engage in work that matters, with projects that transform industries and enhance futures.

Explore Career Paths

Whether you're seeking an internship, a graduate opportunity, or a seasoned professional position, ITW offers a range of career paths across various departments. Our team benefits from a supportive and diverse working environment where every member’s contribution is valued.

Innovate and Lead

Join a team where innovation leads to revolutionary solutions in industries worldwide. At ITW, you will work alongside industry experts to develop new ideas and strategies that keep us at the forefront of technological advancements. Your career at ITW will be marked by a continuous journey of growth and leadership.

Develop Your Skills

With ITW’s commitment to professional development and diversity training, you will enhance your skills through targeted training programs and workshops. These opportunities not only boost your career but also ensure you stay competitive in the job market.

Be Part of Our Culture

ITW is dedicated to building a culture that respects and embraces diversity, encourages innovation, and fosters leadership. Our team is our greatest asset, and we believe in providing them with the benefits and resources they need to succeed both professionally and personally.

Networking and Professional Growth

Expand your professional network through ITW’s global presence and collaborative work environment. Engage with professionals across different sectors, gaining insights that can lead to significant career advancements. Our networking events and professional groups help you connect with key industry leaders and peers.

Join Our Team

Search for open positions that match your skills and interests on the ITW Careers page. We are looking for passionate, curious, and solution-driven team players who are ready to take their career to the next level.

Stay Connected

Keep up to date with the latest industry trends, company news, and career tips by following our careers blog. Personalize your experience by subscribing to job alert emails, tailored to your preferences and career goals. Explore the opportunities at Illinois Tool Works today and discover how your expertise can help shape the future of our company and the industries we serve. Join us in our mission to achieve excellence through innovation and leadership.
Learn more about Illinois Tool Works
Size
45,000 employees
Market Cap
$68.1 billion
Industry
Manufacturing & Automotive
Net Income
$2.1 billion
Founded
1912
5 Year Trend
+1.2%
Revenue
$12.5 billion
NASDAQ
ITW
* Ladders Estimates

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