For many companies, innovation is a sprawling collection of initiatives, energetic but uncoordinated, and managed with vacillating strategies. For steady, above-average returns, firms need a...

Sep 7, 2021 · How do innovation portfolio approaches help manage a variety of innovation projects, innovation types, different goals, and different teams and funders? Examples from practice.

Aug 23, 2024 · In this guide, we’ll explore everything you need to know about innovation portfolio management, including frameworks, tools, and examples to help you effectively manage and balance your innovation efforts.

Sep 27, 2022 · An innovation portfolio collects an organization's current and future products, services, and processes. It is managed to maximize the value of the portfolio to the organization. In this article, we'll discuss what an innovation portfolio is, how it's different from a traditional portfolio, and tips on how to manage it effectively. | Insights ...

More specifically, innovation portfolio management takes care of: Managing innovation risk by reviewing a project’s ambition, strategic alignment and pipeline. Identifying where in your innovation process projects get stuck, to define mitigating strategies.

Whether your organization is hunkering down in anticipation of a recession or building up its innovation muscle, managing your innovation portfolio to bolster your business goals will ensure you go beyond innovation theater, bring focus into your innovation efforts and maximize impact.

Jun 24, 2022 · An innovation portfolio is a collection of projects, ideas, programs and concepts that a company manages to reduce the potential risks associated with innovation. The goal is to gain positive results, drawn from focusing most efforts on an innovative action plan and strategy.

Sep 8, 2022 · We propose that a focus on portfolio design, followed by portfolio evaluation and management (with iteration feedback) may at least mitigate the widely observed challenges. We illustrate with a case example how the process might …

Nov 19, 2024 · How to Make an Innovation Portfolio. Creating a successful innovation portfolio is a lot more than just a list of projects. Rather, it’s both a strategic way of thinking and careful execution. Here’s a quick breakdown: Strategic Alignment; Ensure every project aligns with your company’s overall goals and vision. Categorization

lio decision objectives and decision-makers. At the corporate level, leaders are responsible for managing innovation across a portfolio of business units and, for those with a centralized, corporate-funded exploratory innovation model, overseeing new growth initiatives, cross-bus.