Product Management Practices start with a clear product strategy that assesses the business needs for tactical, incremental improvements against the longer term bold strokes of radical change. The role of product management is to actively discover, understand, refine, validate and communicate the business challenges in the market and the value of addressing them. It goes on to help delivery teams break down large business problems into smaller problems more easily solved, and then comes full circle to validate each increment of the solution as it is being built; making the necessary adjustments as the knowledge of both the problem and the solution evolve.