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Title:
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Strategic Capabilities for Innovation Projects |
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Author:
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Hunt Robert; Killen Catherine; Kleinschmidt Elko |
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Abstract:
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In an increasingly dynamic competitive environment, innovation and
organisational renewal are essential for organisational survival. An
organisation’s project portfolio management (PPM) practices are responsible
for the effective deployment of the innovation strategy. PPM practices provide
a holistic perspective for ongoing decision-making to maintain the most
effective combination of projects for new product and service development.
This paper outlines current research into the PPM practices used for new
product development projects in a diverse range of industries. Results from a
questionnaire-based survey are reinforced by in-depth case studies of
successful innovators. The case studies also provide a deeper understanding of
the use and ongoing evolution of PPM in practice. PPM practices are shown
to be a dynamic capability that, in combination with the underlying resource
base, enables organisations to achieve competitive advantage. The findings
also indicate that successful innovators possess valuable organisational
learning capabilities that enable dynamic capabilities like PPM to be adjusted
to respond to changes in the environment. |
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URI:
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http://hdl.handle.net/10453/7646
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Date:
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2007 |
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DOI:
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http://www.continuous-innovation.net/Events/CINet2007/papers.html
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