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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 | 85% |
| Percentage of companies that have a formal product portfolio management process in place | 60% |
| Percentage increase in profitability for companies with optimized product portfolios | 25% |
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 managing their product portfolios.
When it comes to product portfolio development, there are several key factors to consider:
By focusing on these areas and continuously evaluating and optimizing their product portfolios, companies can ensure they are delivering value to customers and staying ahead of the competition.
In conclusion, achieving excellence in product portfolio development is essential for companies looking to drive innovation, increase profitability, and gain a competitive edge in the market. By implementing effective strategies and processes, businesses can optimize their product portfolios and position themselves for long-term success.
Source: Industry Research Report