Product Tour: Ensuring Strategic Discipline Across the Innovation Portfolio
Strategic Portfolio Management
It’s the tyranny of the familiar. At company after company, too many innovation projects default to the familiar territory of Horizon 1 bets. Even if the CEO sets ambitious growth goals, R&D and innovation teams end up playing it safe. No one wants to admit it’s a problem, yet it imperils the success of countless corporate innovation efforts.
The root cause is simple: incomplete information. It may appear that the innovation committee is making “data-driven” decisions. But too often, project teams marshal evidence on a selective basis based on their comfort level. Critical investment decisions end up being slanted toward the project team’s biases and executives’ personal intuitions.
We’ve seen many companies overcome these issues – with the right systems and processes. In this Product Tour webinar, we show how to use enterprise software for truly data-driven decision making across the innovation portfolio. Drawing on real-world client experience spanning decades, we will demonstrate how you can:
- Connect innovation strategy explicitly to your executive decision-making process at key go/no-go milestones
- Make sure each decision gate is populated with all necessary and sufficient information before it comes to the committee
- Instill process discipline on innovation project teams to enter all relevant information every time (rather than selectively)
- Compare global investment decisions based on strategic fit with the overall portfolio’s business objectives/li>