The Director of Product Innovation (Home & Lifestyle) is responsible for leading the development of new products and enhancing existing offerings within the home and lifestyle sector. This role involves strategic planning, cross-functional collaboration, and market analysis to ensure product alignment with consumer needs and trends.
Key Responsibilities
Develop and execute product innovation strategies.
Lead cross-functional teams including design, marketing, and engineering.
Analyze market trends to identify opportunities for new product development.
Manage the product lifecycle from concept to launch.
Collaborate with stakeholders to ensure alignment with business objectives.
Top Skills for Success
Strategic Thinking
Project Management
Market Research
Product Development
Leadership
Career Progression
Can Lead To
Vice President of Product
Chief Innovation Officer
Transition Opportunities
Consultant in Product Strategy
Entrepreneur in Home & Lifestyle sector
Common Skill Gaps
Often Missing Skills
Digital TransformationSustainability Practices
Development SuggestionsConsider taking courses in digital innovation and sustainability. Engage in workshops that focus on the integration of technology in product development.
Salary & Demand
Median Salary Range
Entry Level$120,000 - $140,000
Mid Level$150,000 - $180,000
Senior Level$190,000 - $250,000
Growth Trend
The demand for directors of product innovation is growing steadily as companies seek to stay competitive by continuously introducing new and improved products.
Companies Hiring
Major Employers
IKEABed Bath & BeyondWilliams-Sonoma
Industry Sectors
Home GoodsLifestyle BrandsRetail
Recommended Next Steps
1
Gain experience in product management roles within the home and lifestyle industry.
2
Develop a robust portfolio showcasing successful product launches and innovations.
3
Network with professionals in the industry to stay updated on trends and opportunities.