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Dr. Scott. J. Edgett Highlights Portfolio Management for New Products in the Third Edition of the PDMA Handbook of New Product Development

ANCASTER, ONTARIO, CANADA (February 15, 2013) - The Product Development Institute announces that Dr. Scott J. Edgett is featured in the Product Development and Management Association’s Handbook of New Product Development. Dr. Edgett’s article “Portfolio Management for Product Innovation” focuses on the critical management process that executives use to successfully drive new product development. In his article, Dr. Edgett addresses the question on how should corporations effectively allocate their product innovation resources - R&D and other new product resources.

Dr. Edgett goes on to discuss some of the challenges to good portfolio management practices, and provides indicators and benchmarks that provide product innovation professionals to compare their organization’s performance.

The PDMA Handbook of New Product Development provides a comprehensive, updated picture of what managers need to know today for effective product management. The Third Edition provides fundamentals for novices as well as guidance for experts on topics outside their own area of expertise and includes the latest information on advanced and emerging concepts.

For more information, please contact:

Michelle Jones
Executive Vice President, Global Growth
Stage-Gate International

About Dr. Scott J. Edgett

Dr. Scott J. Edgett is internationally recognized as one of the world’s top experts in product innovation and is the pioneer of portfolio management for product innovation. He is a high profile speaker and sought-after consultant. Dr. Edgett has had extensive experience working with large multinational clients in a variety of industries, principally focusing on issues affecting innovation leadership and capability. He is credited with helping business executives and innovation professionals successfully implement world-class innovation processes that have generated outstanding results. His speaking engagements and consulting work have taken him around the globe to work with some of the world’s best innovators and companies among the Fortune 1000.

Dr. Edgett is Chief Executive Officer and co-founder, with Dr. Robert G. Cooper, of both Product Development Institute and Stage-Gate International. He has spent more than 20 years researching and developing innovation best practices and working with organizations in product innovation. He is a prolific author having coauthored eight books including the popular ‘Portfolio Management for New Products, 2nd Edition’ and has published more than 60 academic articles. Dr. Edgett is a former Professor of the Michael G. DeGroote School of Business, McMaster University in Ontario and is a Faculty Scholar at the Institute for the Study of Business Markets (ISBM) at Penn State University.

About Product Development Institute
Product Development Institute is dedicated to helping companies improve their approach to new product development and portfolio management. The Institute has conducted some of the world's most comprehensive research and best practices in new product development - research that has led to some of the most important discoveries in product innovation such as: the widely used Stage-Gate® system; the concept of New Product Portfolio Management; and the Innovation Diamond™ Framework.

Stage-Gate® is a registered trademark of Stage Gate, Inc.
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