This is not necessarily true. PMs are incentivized to use product as a means to grow the business. This usually does manifest itself as delivering product featu

This is not necessarily true. PMs are incentivized to use product as a means to grow the business. This usually does manifest itself as delivering product features - but it can manifest itself in other ways. Ultimately product managers are tasked with discovering how to grow the product areas they are owning. Great product managers will work closely with users to understand their needs to refine & grow the product. Examples of ways PMs can accomplish things like this without necessarily delivering new product features: better user onboarding, in-app product tours & engagement, etc. If a PM is just delivering features without tying it back to user needs, business growth & product strategy then they are just a "feature factory" which is bad product management.