There is significant interest in managing IT resources as a portfolio of assets. The concept of IT portfolio management (ITPM) is relatively new, compared to portfolio management in the context of finance, new product development (NPD), and research and development (R&D). This article compares ITPM with other types of portfolio management, and develops an improved understanding of IT assets and...

A growing number of companies are using these approaches in helping to synthesize designs ... enabling the automaker to achieve a 50% improvement in product development efficiency, cost savings exceeding $10 billion, and a compression of vehicle development time by 18 months.

The advancement of Internet technology and customisation capability has set off research into their impacts on all business operations including New Product Development (NPD). Despite the heavy investment in research and development, few studies have examined how Information Technology (IT) is adopted; how design customisation capability is built, and whether they reveal close associations with...

Strategic planning is a vital management tool for projecting the long-range business goals and is not only for big businesses, but also applicable to small businesses in spite of their limited resources. To do this effectively, organizations should determine their strengths and weaknesses. Organizations have to produce appropriate action plans to overcome these weaknesses and it is very importa...

In spite o f much evidence o f its success, many managers hesitate to establish a policy for new product development. Their indecision often arises f rom two reasons: they fear that a defined strategy may discourage innovation and they are uncertain how to formulate a new product strategy. The author o f this article discredits the former notion and, in reply to the latter, proposes the guideli...

This paper seeks to explore how a profound consumer understanding may influence the early stages of a new product development (NPD) process. The issue is examined through a qualitative single case study combined with a literature review. The case study shows how the NPD process is structured and executed in a Swedish furniture company as well as the role consumer insight plays in that process. ...