Innovation funnel – management tool or monster? With more and more organizations adopting a staged approach to innovation management, the funnel management process gets blamed for all sorts of innovation failure. These include bureaucracy, stifling creativity and endless risk reduction (refer to Tom Fishburne for a great example of this debate ). I am a firm… Read More Treat early and late gates in the innovation funnel differently
Do you recognize this recurring question in portfolio management: “Can your portfolio management tool calculate the best portfolio?”. Over the years we have been answering this question with a “No, but..” and a “Yes, but..” answer. The essential line of reasoning in both answers is very similar: 1. In mathematical terms, portfolio optimization is well-defined… Read More Portfolio optimization: a management or a computer job?
This weekend, I read the newest (Jan 2012) issue of Journal of Product Innovation Management (JPIM). One of the headlines, “Grumpier Old Men”, caught my eye. The article describes the phenomenon that new services consistently get lower ratings from middle-aged men (as compared to other age and sex groups). Even though the research is limited to the… Read More Grumpy old men in the portfolio board?
Building on the foundations of innovation portfolio management laid by Bob Cooper in the 1980’s, I am looking for the next generation process for quite a while. In developing our Flightmap portfolio management solution we have built on Cooper as well as Chesbrough (for open innovation and partnering), on McGrath (for discovery driven planning) and Osterwalder (for business… Read More Portfolio Management in the 21st century