I agree that the distinction between Product Manager and Product Owner often blurs, and it's crucial to understand the specific responsibilities within an organization. In my experience, the key difference lies in the strategic versus tactical focus.
The Product Manager is typically involved in market research, defining the product vision, and aligning it with business goals. They often take a broader view of the product lifecycle, including go-to-market strategies and revenue objectives. On the other hand, the Product Owner is more hands-on with the development team, ensuring that the product backlog is prioritized and that the team’s work aligns with the strategic vision set by the Product Manager.
However, I've also seen scenarios where the same individual has to wear both hats, especially in smaller organizations. In such cases, clarity on the role's expectations and authority level is vital to avoid potential conflicts and ensure cohesive product development. The key takeaway is that while the roles can overlap, they each bring unique value to the product's success.