PEN develops proven 1E titles from the Explorer portfolio to ensure that future editions grow into top industry franchise titles and their authors develop into close partners with Packt. PEN therefore aims for every title to achieve LTV of \xc2\xa350k+ and higher so that Packt has the leading industry titles in every category, thus creating a powerful publishing partnership with Explorer. PEN also develops new 1E titles when Packt needs to compete directly against strong competitor titles and support Packts overall publishing strategy in an area.
PEN has delivered this by reaching \xc2\xa33.3m FY22 revenue, with extremely high user ratings, and an LTV performance of over \xc2\xa350k/title. This has been achieved by supporting and training talented Packt individuals in a culture of absolutely world-class publishing excellence and book crafting. Senior Publishing Product Managers (SPPMs) are therefore trained and given the resources they need to be successful and create the highest-quality titles in the industry. SPPMs are supported by their own Publishing Squads, who hold some of the best end-to-end editorial skills in the industry, and a strong publishing culture dedicated to their success as CEOs of their own publishing folio.
The PEN SPPM role is thus a combination of three key roles:
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