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Management article
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Reference no. U9703B
Published by: Harvard Business Publishing
Published in: "Harvard Management Update", 1997

Abstract

The author outlines six elements designed to help managers narrow down a number of good ideas and decide which will be allocated resources. These elements are: 1) look at your idea portfolio, then map your needs; 2) let customers help you decide; 3) have the finance department take a new role; 4) allow experimentation--to a point; 5) make your peace with cannibalization; and 6) find a champion who will make it happen.

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Abstract

The author outlines six elements designed to help managers narrow down a number of good ideas and decide which will be allocated resources. These elements are: 1) look at your idea portfolio, then map your needs; 2) let customers help you decide; 3) have the finance department take a new role; 4) allow experimentation--to a point; 5) make your peace with cannibalization; and 6) find a champion who will make it happen.

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