NPD Jargon Buster: Top-down Portfolio Selection

Learning Centre > NPD Jargon Buster: Top-down Portfolio Selection

The strategic bucket approach to product development portfolio selection relies on starting with a clear strategy and then choosing projects that fit into that strategy.

The strategic bucket approach to product development portfolio selection relies on starting with a clear strategy and then choosing projects that fit into that strategy. The strategic bucket approach to product development portfolio selection relies on starting with a clear strategy and then choosing projects that fit into that strategy.
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The strategic bucket approach to product development portfolio selection relies on starting with a clear strategy and then choosing projects that fit into that strategy. This approach emphasises ensuring that the selected projects are aligned with the overall strategy and will contribute to achieving the desired outcome.
You can contrast this approach with the bottom-up approach, which starts with individual projects and then tries to fit them into a broader strategy. The advantage of the top-down approach is that it ensures that all projects are aligned with the overall strategy and work towards the same goal. The disadvantage is that it can be more challenging to implement, as it requires a clear understanding of the strategy from the outset.
In summary, the top-down approach to product development portfolio selection is a more disciplined and effective way to ensure that all projects are aligned with the overall strategy. Implementing it can be more difficult, but the benefits often outweigh the difficulties.

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The strategic bucket approach to product development portfolio selection relies on starting with a clear strategy and then choosing projects that fit into that strategy. This approach emphasises ensuring that the selected projects are aligned with the overall strategy and will contribute to achieving the desired outcome.
You can contrast this approach with the bottom-up approach, which starts with individual projects and then tries to fit them into a broader strategy. The advantage of the top-down approach is that it ensures that all projects are aligned with the overall strategy and work towards the same goal. The disadvantage is that it can be more challenging to implement, as it requires a clear understanding of the strategy from the outset.
In summary, the top-down approach to product development portfolio selection is a more disciplined and effective way to ensure that all projects are aligned with the overall strategy. Implementing it can be more difficult, but the benefits often outweigh the difficulties.

Key Takeways

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Farm+Stable is a client of Innovolo, a product development as a service provider offering R&D teams globally extra capacity, capability, and momentum in their product development and obsolescence management projects. As a company that specializes in the development and engineering of products for the agriculture and construction industries, Farm+Stable has benefited from Innovolo's expertise in helping to bring new products to market quickly and efficiently. In particular, Farm+Stable has been able to rely on Innovolo's team of experienced engineers to help with the design and development of a new line of products that are designed to be more durable and longer-lasting than previous models. With Innovolo's help, Farm+Stable has been able to bring these new products to market in a timely manner, and they have been well-received by customers. Thanks to Innovolo's innovative product development solutions, Farm+Stable has been able to stay ahead of the competition and continue to grow their business.
Innovolo is a product development as a service provider. It offers R&D teams globally extra capacity, capability, and momentum in their product development and obsolescence management projects. Its services are used by clients in a variety of industries, including automotive, aerospace, consumer electronics, and medical devices. One of its clients is Kawneer, a leading manufacturer of aluminum products for the architectural and construction industries. Kawneer has been using Innovolo's services to help develop new products and to manage the obsolescence of its existing products. Thanks to Innovolo, Kawneer has been able to speed up its product development cycle and to reduce its costs. As a result, Kawneer has been able to bring new products to market faster and to better meet the needs of its customers.

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