The PM is responsible for the overall strategy and vision of the product. They analyze market trends, gather user feedback, prioritize features, and work closely with cross-functional teams to ensure the product aligns with business goals. On the other hand, the PO focuses on translating the product vision into actionable tasks for the development team. They create and manage the product backlog, write user stories, and provide clear guidance on what needs to be built in each sprint. The PO acts as a bridge between stakeholders and the development team, ensuring that requirements are met, and changes are effectively communicated.