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The Innovation Strategy and Portfolio Management - Coggle Diagram
The Innovation Strategy and Portfolio Management
Innovation Diamond and Four Vectors
Product Innovation and Technology Strategy
Right Investment Decisions - Portfolio Management
An Effective Idea-to-Launch System: Stage Gate
A Positive Climate, Culture and Leadership
Steps in Defining Product
1) Define goals for NPD
2) Select strategic arenas - areas of strategic focus
3) Attack plans: investment strategy, strategy thrust and entry strategy
4) Resources commitment and strategic portfolio decisions
5) Tactical portfolio decisions
Doing Strategic Buckets
Management makes strategic choices: resources split by bucket
Project types, strategic arenas, technologies, geography
Categorize projects by bucket, then rank in each bucket until out of resources
Resource allocation will thus mirror your strategic priorities
Goals in Portfolio Management
To maximize the value of the portfolio
To achieve the right balance and mix of projects
To align the new product effort with the business strategy
The Challenge: Dealing with Risks
not every project has a 100% chance of commercial success
Any many won't achieve their sales and profit projections
Some won't even be developed (hit technical roadblocks)
Several Ways to Handle Risk and Uncertainties
Risk adjusted discount factor in NPV calculations
Probability-adjusted NPV
Options pricing