Yes.

They should be responsibile for identifying opportunities to expand the company's products or services as well as being responsible for identifying any risks to current products or services and identifying ways to capitalise on the things that already are making the company money.

They should work closely with the company's product director, financial director and marketing directors.

In addition to working with the directors of these departments, they should essentially be an ear to the ground across all departments, identifying trends from internal feedback and observations.