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2015 | 7 | 1 | 29-36

Article title

Product Portfolio Management: An Important Business Strategy

Title variants

Languages of publication

EN

Abstracts

EN
The aim of this article is to provide reader with a comprehensive insight on the theories, empirical findings and models of Product Portfolio Management (PPM) during new product development. This article will allow for an in-depth theoretical approach on PPM and demonstrate to managers the importance of adopting PPM as business strategy during decision making. The objective of this paper is to present a literature review of models, theories, approaches and findings on the relationship between Product Portfolio Management and new product development. Relevant statistical trends, historical developments, published opinion of major writers in this field will be presented to provide concrete evidence of the problem being discussed.

Publisher

Year

Volume

7

Issue

1

Pages

29-36

Physical description

Dates

published
2015-06-01
online
2016-01-06

Contributors

  • Durban University of Technology, Department of Financial Accounting, Durban, South Africa

References

  • [1] AberdeenGroup (2006) - The product portfolio management benchmark report (online). URL: (accessed 29 February 2012).
  • [2] Augusto P., Miguel C. (2008) - Portfolio management and new product development implementation: A case study in a manufacturing firm. International journal of quality and reliability management (online), 25(1):10-23. URL: (accessed 28 February 2012).
  • [3] Brown J. (2010) - Are there best practices for product portfolio management / clarity on plm (online). URL: (accessed 4 February 2012).
  • [4] CBP Surveys of project Portfolio management practices(online). (2010). Available: URL: (accessed 18 March 2012).
  • [5] Cooper G.R., Edgett J.S., Kleinschmidt J.E. (2012) - Portfolio Management: Fundamentals for new product success. Journal of product innovation best practices series (online), 1-4. Available URL: (accessed 22 March 2012).
  • [6] Cooper G.R. (2012) - From experience the invisible success factors in product innovation (online). Available URL: (accessed 22 March 2012).
  • [7] Cooper G.R. (2012) - From experience the invisible success factors in product innovation (online). Available URL: (accessed 22 March 2012).
  • [8] Cooper G.R., Edgett J.S., Kleinschmidt J.E. (2007) - Portfolio management for new product development. Results of an industry practices study. Journal of product innovation best practices series (online), 31 (4): 1-20. Available URL: (accessed 28 February 2012).
  • [9] Duncan K. (2012) - What works: 6 best practices of innovation and product portfolio management. Sopheon:news and events (online). Available URL: (accessed 24 March 2012).
  • [10] Hanford F.M. (2007) - Organizational capability and portfolio management adaption (online). Available URL: (accessed 18 March 2012).
  • [11] Hill W.L.C. (2009) - International business competing in the global market place. Seventh edition. New York : McGraw-Hill/Irwin.
  • [12] Kahn B.K., Barczak, G., Nicholas, J., Ledwith, A., Perks, H. (2012) - An examination of new product development best practice. Journal of product innovation management (online), 29(2): 180-192. Available: URL: (accessed 29 March 2012).
  • [13] Kirkpatrick P. (2007) - New product development – From idea to market (online). Available URL: (accessed 24 March 2012).
  • [14] Nicholas J. (2011) - New product development best practice in SME and large organizations : theory vs practice. European journal of innovation management (online), 17 (2):227-251. Available URL: (accessed 23 March 2012).
  • [15] Pitta D., Pita E. (2012) - Transforming the nature and scope of new product development (online), Journal of product and brand management. 21(1): 35-46. Available URL: (accessed 30 March 2012).
  • [16] Schmidt B.J., Sarangee R.K., Montoya M.M. (2009) - Exploring new product development project review practices. Journal of product innovation management (online), 26(5): 520-535. Available URL: (accessed on 22 March 2012).

Document Type

Publication order reference

Identifiers

YADDA identifier

bwmeta1.element.doi-10_1515_fman-2015-0023
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