Innovation portfolio management for the public non-profit research and development sector: What can we learn from the private sector?
Innovation Portfolio Management refers to the systems, processes andmechanisms to intentionally manage innovation investments anddecisions within an organization against its mission or strategy. Thisapproach to managing and optimizing innovation and scalinginvestments is rarely used by public non-pr...
| Autores principales: | , , , , , , , |
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| Formato: | Journal Article |
| Lenguaje: | Inglés |
| Publicado: |
Informa UK Limited
2024
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/159423 |
| _version_ | 1855535786610393088 |
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| author | Schut, Marc Addom, Benjamin K. Proud, E. Dror, Iddo Barrett, Christopher B. Menzies, D. Colomer, Julien Leeuwis, C. |
| author_browse | Addom, Benjamin K. Barrett, Christopher B. Colomer, Julien Dror, Iddo Leeuwis, C. Menzies, D. Proud, E. Schut, Marc |
| author_facet | Schut, Marc Addom, Benjamin K. Proud, E. Dror, Iddo Barrett, Christopher B. Menzies, D. Colomer, Julien Leeuwis, C. |
| author_sort | Schut, Marc |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | Innovation Portfolio Management refers to the systems, processes andmechanisms to intentionally manage innovation investments anddecisions within an organization against its mission or strategy. Thisapproach to managing and optimizing innovation and scalinginvestments is rarely used by public non-profit R&D organizations.This study draws lessons from innovation portfolio management inprivate sector organizations. Private sector invests in innovationportfolio management to: (i) enhance transparent and evidence-based decision-making, (ii) strengthen organizational agility andmission-orientedness, (iii) facilitate monitoring, risk management andprioritization and (iv) improve overall organizational performanceand learning. These innovation portfolio management benefits areequally relevant for the public non-profit R&D sector, whereinnovation performance and outcomes are for societal impact. Publicnon-profit R&D can and should manage their innovation portfoliosmore intentionally, and can learn from private sector successes andchallenges. Embracing the opportunities, whilst managing thechallenges and risks requires investment in methods, mechanismsand mindsets for effective innovation portfolio management. |
| format | Journal Article |
| id | CGSpace159423 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2024 |
| publishDateRange | 2024 |
| publishDateSort | 2024 |
| publisher | Informa UK Limited |
| publisherStr | Informa UK Limited |
| record_format | dspace |
| spelling | CGSpace1594232025-12-08T10:04:27Z Innovation portfolio management for the public non-profit research and development sector: What can we learn from the private sector? Schut, Marc Addom, Benjamin K. Proud, E. Dror, Iddo Barrett, Christopher B. Menzies, D. Colomer, Julien Leeuwis, C. innovation systems development research private sector Innovation Portfolio Management refers to the systems, processes andmechanisms to intentionally manage innovation investments anddecisions within an organization against its mission or strategy. Thisapproach to managing and optimizing innovation and scalinginvestments is rarely used by public non-profit R&D organizations.This study draws lessons from innovation portfolio management inprivate sector organizations. Private sector invests in innovationportfolio management to: (i) enhance transparent and evidence-based decision-making, (ii) strengthen organizational agility andmission-orientedness, (iii) facilitate monitoring, risk management andprioritization and (iv) improve overall organizational performanceand learning. These innovation portfolio management benefits areequally relevant for the public non-profit R&D sector, whereinnovation performance and outcomes are for societal impact. Publicnon-profit R&D can and should manage their innovation portfoliosmore intentionally, and can learn from private sector successes andchallenges. Embracing the opportunities, whilst managing thechallenges and risks requires investment in methods, mechanismsand mindsets for effective innovation portfolio management. 2024 2024-11-08T12:28:10Z 2024-11-08T12:28:10Z Journal Article https://hdl.handle.net/10568/159423 en Open Access Informa UK Limited Schut, M., Adeyemi, I., Kumpf, B., Proud, E., Dror, I., Barrett, C.B., Menzies, D., Colomer, J. and Leeuwis, C. 2024. Innovation portfolio management for the public non-profit research and development sector: What can we learn from the private sector? Innovation and Development 2024. |
| spellingShingle | innovation systems development research private sector Schut, Marc Addom, Benjamin K. Proud, E. Dror, Iddo Barrett, Christopher B. Menzies, D. Colomer, Julien Leeuwis, C. Innovation portfolio management for the public non-profit research and development sector: What can we learn from the private sector? |
| title | Innovation portfolio management for the public non-profit research and development sector: What can we learn from the private sector? |
| title_full | Innovation portfolio management for the public non-profit research and development sector: What can we learn from the private sector? |
| title_fullStr | Innovation portfolio management for the public non-profit research and development sector: What can we learn from the private sector? |
| title_full_unstemmed | Innovation portfolio management for the public non-profit research and development sector: What can we learn from the private sector? |
| title_short | Innovation portfolio management for the public non-profit research and development sector: What can we learn from the private sector? |
| title_sort | innovation portfolio management for the public non profit research and development sector what can we learn from the private sector |
| topic | innovation systems development research private sector |
| url | https://hdl.handle.net/10568/159423 |
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