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    TG Assignment Briefing

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    ishu
    You have been assigned as Head Product Manager of Turning Gears' Hermy's Adventure product line. You will be responsible for all profit and loss for the line. Your $120,000 salary includes a 30% bonus based on yearly sales, and successful management over two years could lead to promotion. As Head Product Manager, you must make decisions regarding the product lifecycle and report to two team members, determining whether the product succeeds in the marketplace.

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    TG Assignment Briefing

    Uploaded by

    ishu
    57 views1 page
    You have been assigned as Head Product Manager of Turning Gears' Hermy's Adventure product line. You will be responsible for all profit and loss for the line. Your $120,000 salary includes a 30% bonus based on yearly sales, and successful management over two years could lead to promotion. As Head Product Manager, you must make decisions regarding the product lifecycle and report to two team members, determining whether the product succeeds in the marketplace.

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    Toy Maker

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    You have been assigned as Head Product Manager of Turning Gears' Hermy's Adventure product line. You will be responsible for all profit and loss for the line. Your $120,000 salary includes a 30% bonus based on yearly sales, and successful management over two years could lead to promotion. As Head Product Manager, you must make decisions regarding the product lifecycle and report to two team members, determining whether the product succeeds in the marketplace.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    57 views1 page

    TG Assignment Briefing

    Uploaded by

    ishu
    You have been assigned as Head Product Manager of Turning Gears' Hermy's Adventure product line. You will be responsible for all profit and loss for the line. Your $120,000 salary includes a 30% bonus based on yearly sales, and successful management over two years could lead to promotion. As Head Product Manager, you must make decisions regarding the product lifecycle and report to two team members, determining whether the product succeeds in the marketplace.

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    © All Rights Reserved
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    ASSIGNMENT BRIEFING

    Your next assignment at AGES Corporation is at Turning Gears, as Head Product Manager for
    the Hermy’s Adventure (HA) series. Your base annual salary is $120,000 with a 30% bonus
    directly related to sales for the year. If you manage this product well through its first two years
    on the market, you can expect your full bonus and strong recommendation for promotion. Poor
    management will cast uncertainty on your future.

    As Head Product Manager, with full P&L (Profit and Loss) responsibility for this important
    product line, you must make a series of decisions concerning the HA product line, and you will
    be evaluated on your performance. Your decisions will be concerned with the product at all
    stages of its lifecycle and through various departments. You will be in charge of two other team
    members, Jared Stevens and Leah Jackson. Your team’s performance will decide whether the
    product succeeds or fails in the marketplace.

    Mission Statement: Turning Gears is committed to producing fun, educational, and high-
    quality toys that give children a head start on a life full of imagination, learning, and
    happiness. Our hard work, good management, and a focus on quality enable us to create
    compelling value for all of our stakeholders.

    Turning Gears was started in 1975 by Marion Ross, a mother of three and a clinical child
    psychologist. Ross was disappointed by the limited number of toys available that were both fun
    to play with and educational. To satisfy this need she designed a set of interconnecting gears that
    could be arranged vertically like blocks to build towers or horizontally to create spinning works
    of art. Today the company, as a division of AGES Corporation, has grown to over 5,000
    employees, and its operations are conducted around the world in various factories, warehouses,
    distribution sites, and testing centers, with annual sales over $800mm.

    Turning Gears Inc.

    Turning Gears is the third largest player in the educational toy market, with a total market share
    of 15%. The remaining market share is divided among the hundreds of smaller toy companies.
    The only hope for longevity in the industry is constant innovation.

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