In today's competitive business landscape, achieving excellence in product portfolio development is crucial for companies looking to stay ahead of the curve. By effectively managing and optimizing their product portfolios, businesses can drive innovation, increase profitability, and gain a competitive edge in the market.
Statistic | Value |
---|---|
Percentage of companies that believe product portfolio management is critical to business success | 87% |
Percentage of companies that have a formal product portfolio management process in place | 65% |
Percentage of companies that have seen an increase in profitability after implementing product portfolio optimization strategies | 42% |
These statistics highlight the importance of product portfolio development in driving business success and profitability. By implementing effective strategies and processes, companies can achieve excellence in product portfolio management and unlock new growth opportunities.
By following these strategies and leveraging data-driven insights, companies can achieve excellence in product portfolio development and position themselves for long-term success in the market.