Remove use-cases project-portfolio-management
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Balancing your innovation portfolio: Does the 70-20-10 rule still apply?

Idea to Value

One of the best ways to assess what proportions your company should allocate to different types of innovation projects is by looking at your current and desired innovation portfolio. But what does a well-balanced innovation portfolio look like? Actual average innovation portfolio allocation for large companies.

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Top 5: How to plan your 2023 innovation activities and events for maximum success

Idea to Value

Innovation projects often fail because innovation teams, management, leadership and operations are not aligned on what success actually looks like. The challenge is that for all innovation projects, it is impossible to know what the final solution or target KPIs will be once all the investigation, design and iteration is complete.

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Leaders will invest less in transformational innovation due to fears over the economy

Idea to Value

So let us go into some of the most important data points highlighted by the report: 1. And the biggest drop is in what proportion of projects will be for transformational innovations. And in many cases, the budget is likely to decrease. Data for 2023 shows that trend is reversing.

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Ambidextrous organisations: Where innovation should sit in an organisation

Idea to Value

Often, the phrase used to describe this is about “ exploit vs explore “ Exploit your current offerings by maintaining your profitable current core business. This might require typical accounting, management and sales processes to track and predict performance, and often comes from experience and time.

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Measuring Innovation Performance

Why do only a third of the organizations worldwide have formal innovation metrics in place despite accepting that innovation is critical to survival? Download this eBook to learn about the 5 basic principles that guide every successful innovation process.

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Using a “budget pool” to reduce the cost of innovation

Idea to Value

We have previously spoken about the value of using an innovation pipeline as part of of your innovation strategy. This way, more projects can be tested at lower costs, with only the ones with validated potential getting further funding to continue. But how do you actually reduce the costs of the projects in the first place?

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Portfolio Management: Linking Strategy to Resources and Execution

Innov8rs

Alongside clear innovation priorities, optimized innovation pathways, and empowered innovation people, innovation portfolio management is a primary component of a complete innovation system. These questions are relevant to every portfolio you might have. These questions are relevant to every portfolio you might have.