Rising raw material costs. Pricing pressure. Profit margins squeezed. For most companies, factors such as these have made the need to drive down costs and improve profitability a top strategic priority.
But how can you maintain momentum for innovation and new product development initiatives alongside enterprise cost-savings projects that often compete for the same resources?
This paper provides insights into why a growing number of companies are combining the management of innovation and enterprise cost-savings projects in a single process with common portfolio views, and outlines a 6-step best-practices process.
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