In Innovation Excellence: We used exactly this approach in the enterprise new product development world. Its very useful if you have many competing efforts:
" ...As I’ve written before, the portfolio is the pivotal tool for innovation. It provides the link to corporate strategy; ensures the desired balance across different innovation horizons; enables and communicates priorities; and with the appropriate communication it reports progress towards innovation goals. It is this final point that I would now like to explore. ... "
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