1. OBJECTIVES
   1. maximising the portfolio value
   2. balancing the portfolio in terms of low and high risk projects, short- and long-run orientation, and the degree of innovativeness
   3. portfolio alignment to company strategies.
2. Framework
   1. design of the innovation process
      1. Stages
         1. Stage1: Chance recognition
         2. Stage2: Idea generation
         3. Stage3: Concept
         4. Stage4: Development
         5. Stage5: Test
         6. Stage6: Check readiness for the market
         7. Stage7: Market introduction
      2. Gates
         1. G1=Stage1->Stage2
            1. Check list
            2. Budget and Time?
         2. G2=Stage2->Stage3
            1. Scoring model
            2. Budget and Time?
         3. G3=Stage3->Stage4
            1. Scoring model
            2. Target Costing
            3. page 14: work with customers to identify target costing
            4. Decision Tree
            5. page 14 (Doctor et al., 2001; Boer, 2003)
            6. Impact analysis
            7. NPV: forget costs and previous investments
            8. Budget and Time?
         4. G4=Stage4->Stage5
         5. G5=Stage5->Stage6
         6. G6=Stage6->Stage7
   2. selection of evaluation tools
      1. Check list
         1. Table 2
   3. project evaluation and selection
      1. Scoring model
         1. Market Attractiveness
            1. Table 3
         2. Technology Attractiveness
            1. Table 4
         3. Risk assessment
            1. Table 5
   4. prioritisation and resource allocation.
      1. page 15: Multiple Innovations Interdependence Evaluation Tool
      2. Scoring + Interdependance -- Figure 4, page 20
         1. remove projects located in the lower left corner and repeat MIIET process
3. Info
   1. Topic
4. Questions
   1. Where to apply NPV?