Mr. Singh, the president of United Food Products Company, is tired of shouldering sole responsibility for profits and wants to implement a product management system to diversify responsibilities. A product management system divides a company's products among product managers to maximize sales, market share, and profits. It requires allocating experienced professionals to oversee product strategies and roadmaps. While this could help diversify accountability, concerns include high implementation costs and complexity, increased pressure on marketing and advertising teams, and potential role conflicts from overloaded responsibilities without clear recognition. Recommendations include phasing in the changes, focusing on economically feasible solutions, strengthening planning processes, and increasing communication and performance reviews between departments and the president.