Managing Your Innovation Portfolio

Managing Your Innovation Portfolio

1. Management knows it

   • year viability of a company de- pends
     • its
       • ability to innovate

2. Your Innovation Ambition

   • novel creation that produces value
     • their
       • goal should be to construct the portfolio
         • that
           • produces the highest overall return
   • One tool we’ve developed
     • is the
       • Innovation Am- bition Matrix
         • to help
           • ompanies allocate funds among growth initiatives
             • draw on
               • assets the company

3. Strike and Maintain the Right Balance

   • managers should consider
     • the findings of
       • research we conducted recently.
   • better performance
     • what it implies
       • the balance between short- term, predictable growth and longer-term bets.
   • Most companies
     • are
       • eavily oriented toward core innovation
         • Transformational initiatives
           • are
             • the en gines of blockbuster growth.

4. Organize and Manage the Total Innovation System

   • Targeting
     • healthy balance of core
       • and
         • transformational innovation
           • is a vital step toward managing a total innovation portfolio
             • It needs
               • different people
               • ifferent motivational factors
               • different support systems

5. three levels of innovation ambition.

   • Talent
   • Integration
   • Pipeline management