What is the difference between a Product Owner and a product manager?

The distinction between a Product Owner and a product manager largely revolves around their roles in the product development process. A Product Owner is primarily concerned with maximising product value by managing the product backlog in Agile settings, ensuring clear communication with developers and stakeholders about product requirements.

In contrast, a product manager has a wider remit, including overseeing product strategies, product visions, and market evaluations. They are accountable for long-term goal setting, managing the entire product lifecycle, and ensuring that the product aligns with the company's objectives.