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News Release

Releases of the 2nd Edition of Portfolio Management for New Products

ANCASTER, ONTARIO, CANADA —December 21, 2001— Portfolio Management for New Products, Second Edition, by Dr. Robert G. Cooper and Dr. Scott J. Edgett, internationally recognized experts in the field of new product development was released today.

The book studies portfolio management strategies utilized by several companies, and examines the best strategies for successful portfolio management. It has been hailed by practitioners as: "A must-read for the business executive”, Dr. Robert S. Wood, Director of Research Planning, Rohm and Haas Company, and "A great book for anyone wanting to develop winning new products”, Charles S. Coffey, Executive Vice President, Business Banking, Royal Bank of Canada.

The book discusses the four goals of portfolio management: maximizing portfolio value, achieving portfolio balance, aligning the portfolio to strategy, and selecting the right number of projects. It also outlines common issues and pitfalls organizations encounter when implementing a portfolio management process. Finally, the book develops recommendations and design techniques for organizations to achieve successful portfolio management.


About Stage-Gate Inc.

Stage-Gate Inc., a member company of the Product Development Institute, is mandated very specifically to enable product innovators to become better product innovators. Our international team of Product Innovation Experts and Consultants are mentored by Dr. Cooper and Dr. Edgett and understand the complex challenges organizations face. We help companies achieve product innovation through our world-class products and services.

Through its close working relationship with the Product Development Institute, Stage-Gate Inc. has access to the world’s most comprehensive research into best practices in Product Innovation. This research has led to some of the most important discoveries in the innovation field; such as, Stage-Gate®, the NewProd™ Studies, and the concept of Portfolio Management.



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