Product Manager vs Product Owner

There seems to be different versions of the responsibilities and accountability that’s floating around in the industry with #ProductManager and #ProductOwner. Especially, these days technology companies are creating several Product Manager positions like, “Tools Product Manager”, “UI Product Manager”, “API Product Manager”, “Technical Product Manager”. In that sense job applicants/employees are highly confused to see what their responsibilities are as a specialized product manager in a niche technology area.

Moreover people associate the #ProductOwner as more of an internal product champion relentlessly working with Engineering and QA to BUILD the product. Whereas #ProductManager works with external stakeholders (markets, customers and eco-system) and may not have time to work with the Engineering directly on a daily basis.

Does your organization view the Product Owner as Inbound Product Manager ? and Product Manager as Outbound Product Manager ? What specific differences do you see ?

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