Keeping Innovative Projects Aligned With Strategy
Innovative companies have no shortage of ideas for new initiatives. How do they ensure that projects serve strategic ends?
Growth-oriented companies that seek to foster a culture of innovation have no shortage of good project ideas. However, many of them will fall outside the control of existing business lines or the organization’s formal structures for managing innovation, such as the R&D department. As a result, potentially valuable programs can suffer from a lack of oversight while others risk misalignment with the company’s strategic priorities.
We’ve seen some innovative companies adopt a mechanism — the portfolio team ...
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