The Role of Innovation Portfolio Management in the Nexus between Deliberate and Emergent Innovation Strategies

Kopmann, J; Kock, A; Killen, CP; Gemuenden, HG

The Role of Innovation Portfolio Management in the Nexus between Deliberate and Emergent Innovation Strategies

Kopmann, J Kock, A Killen, CP

Gemuenden, HG

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Publisher:: EIASM
Publication Type:: Conference Proceeding
Citation:: 21st International Product Development Management Conference (IPDMC), 2014, pp. 1 - 24 (24)
Issue Date:: 2014

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Field	Value	Language
dc.contributor.author	Kopmann, J	en_US
dc.contributor.author	Kock, A	en_US
dc.contributor.author	Killen, CP https://orcid.org/0000-0002-2370-7856	en_US
dc.contributor.author	Gemuenden, HG	en_US
dc.contributor.editor	EIASM	en_US
dc.date	2014-06-15	en_US
dc.date.issued	2014	en_US
dc.identifier.citation	21st International Product Development Management Conference (IPDMC), 2014, pp. 1 - 24 (24)	en_US
dc.identifier.issn	1998-7374	en_US
dc.identifier.uri	http://hdl.handle.net/10453/32776
dc.description.abstract	Planning and implementing innovation strategies are typically considered to be top-down processes and innovation portfolio management plays a decisive role in this context by aligning the project portfolio to the firm’s strategy. However, in strategic management research it is well accepted that strategies are not solely deliberate but can also be emergent. Thus, between top-down innovation strategy formulation and its implementation, responding dialectic elements are required to sense emerging strategic impetuses and cope with changing environmental conditions. This paper addresses the role of portfolio management in the nexus between strategy formulation and implementation. Using a sample of 182 medium and large firms with two informants, we show that portfolio management not only fosters the implementation of intended innovation strategies through vertical integration but also discloses strategic opportunities by unveiling emerging patterns. The findings show that portfolio management contributes to innovation portfolio success by supporting both the implementation of deliberate and emergent strategies through vertical integration and strategic disclosure. The effects are complementary in that both activities increase the positive effects of the other. Furthermore we find that strategic control (i.e. premise control, implementation control, and strategic surveillance) on a portfolio level indirectly contributes to success mediated by vertical integration and strategic disclosure. Finally, we show that the influence of vertical integration on innovation portfolio success is reduced under high environmental turbulence.	en_US
dc.publisher	EIASM	en_US
dc.relation.ispartof	21st International Product Development Management Conference (IPDMC)	en_US
dc.relation.ispartof	International Product Development Management Conference	en_US
dc.title	The Role of Innovation Portfolio Management in the Nexus between Deliberate and Emergent Innovation Strategies	en_US
dc.type	Conference Proceeding
utslib.location.activity	Limerick	en_US
dc.location.activity	Limerick
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building/School of Built Environment
utslib.copyright.status	open_access
pubs.consider-herdc	true	en_US
pubs.finish-date	2014-06-17	en_US
pubs.start-date	2014-06-15	en_US

Abstract:

Planning and implementing innovation strategies are typically considered to be top-down processes and innovation portfolio management plays a decisive role in this context by aligning the project portfolio to the firm’s strategy. However, in strategic management research it is well accepted that strategies are not solely deliberate but can also be emergent. Thus, between top-down innovation strategy formulation and its implementation, responding dialectic elements are required to sense emerging strategic impetuses and cope with changing environmental conditions. This paper addresses the role of portfolio management in the nexus between strategy formulation and implementation. Using a sample of 182 medium and large firms with two informants, we show that portfolio management not only fosters the implementation of intended innovation strategies through vertical integration but also discloses strategic opportunities by unveiling emerging patterns. The findings show that portfolio management contributes to innovation portfolio success by supporting both the implementation of deliberate and emergent strategies through vertical integration and strategic disclosure. The effects are complementary in that both activities increase the positive effects of the other. Furthermore we find that strategic control (i.e. premise control, implementation control, and strategic surveillance) on a portfolio level indirectly contributes to success mediated by vertical integration and strategic disclosure. Finally, we show that the influence of vertical integration on innovation portfolio success is reduced under high environmental turbulence.

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http://hdl.handle.net/10453/32776