Where Are All the Breakthrough New Products? Using Portfolio Management to Boost Innovation
This recent article in a special issue of Research-Technology Management outlines the best methods for making portfolio management decisions and R&D investment decisions in the case of riskier and bolder projects. The fact is that most project selection methods tend to favor small, incremental development projects, hence an overabundance of “renovation projects” in most firms’ development portfolios. See how to stop this trend to trivial new products, and rethink your investment decisions and methods. A good basis for anyone trying to redress the imbalance of projects – too many small, low value initiates in your development pipeline.
Effective Gates – Using Gates With Teeth
Product innovation productivity suffers from too many projects, with too few high-value ones, in most firms’ development pipelines. “Gates with teeth” help to prune the development portfolio of weak projects, and deal with a gridlocked pipeline. And a robust innovation strategy, coupled with strategic buckets, refocuses resources on high-value development initiatives.
Ten Ways to Make Better Portfolio and Project Selection Decisions
Cooper and co-author Edgett outline the ten best ways to make Go/Kill and project prioritization decisions in new-product development, and also ways to obtain the right mix and balance of projects in your development pipeline. A good “how to” article on a difficult topic.
Your NPD Portfolio May Be Dangerous to Your Business’s Health
Cooper reveals data that points to dangerous trends in companies’ development portfolios – too many projects, an over-abundance of low-value projects, and too few significant development initiatives. He shows the reasons for this troubling trend, and then poses solutions, both strategic and tactical, to reverse the trend in your company.