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Managing Innovation Portfolios

Langdon Morris has recently written a companion to his Innovation Metrics white paper entitled Managing Innovation Portfolios. The purpose of this white paper is to explore the elements involved in optimizing innovation investments while laying out a process recommended for Innovation Portfolio management. Some of the topics covered include:

• Purpose
• The “Innovation Portfolio” Concept
• Innovation Portfolio Management
  • Step 1: Model the Key Strategic Factors
  • Step 2: Define the characteristics or criteria
  • Step 3: Define the weighting
  • Step 4: Risk-Reward assessment
  • Step 5: Assess proposed new projects
• Portfolio Valuation
• Conclusion

Chinese Translation of Creating the Innovation Culture

Another white paper of Langdon’s – Creating the Innovation Culture – has recently been translated into Chinese. The need for leaders to develop an innovation culture is becoming more universally accepted. Such a culture can be recognized as an organization that is known externally in the marketplace as a genuine innovator, and equally that it is known internally among the people in the organization as a dynamic, innovation-friendly place to be.

This white paper is designed to answer questions about creating such a culture if one doesn’t already exist. In addition, Langdon answers the following questions:

• How do organizations develop an innovation culture?
• Who should be involved in the innovation process?
• What roles should they play?