Innovation portfolio management for the public non-profit research and development sector: What can we learn from the private sector?

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dc.creatorSchut, Marc
dc.creatorAddom, Benjamin K.
dc.creatorProud, E.
dc.creatorDror, Iddo
dc.creatorBarrett, Christopher B.
dc.creatorMenzies, D.
dc.creatorColomer, Julien
dc.creatorLeeuwis, C.
dc.date2024
dc.date2024-11-08T12:28:10Z
dc.date2024-11-08T12:28:10Z
dc.date.accessioned2026-06-27T17:07:36Z
dc.descriptionInnovation 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.
dc.identifierhttps://hdl.handle.net/10568/159423
dc.identifier.urihttp://hdl.handle.net/123456789/142966
dc.languageen
dc.publisherInforma UK Limited
dc.rightsOpen Access
dc.sourceSchut, 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.
dc.subjectinnovation systems
dc.subjectdevelopment
dc.subjectresearch
dc.subjectprivate sector
dc.titleInnovation portfolio management for the public non-profit research and development sector: What can we learn from the private sector?
dc.typeJournal Article

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Instituto Internacional de Investigaciones Pecuarias (ILRI)