Innovation Portfolio
Invest only in the most impactful and scalable solutions, balancing short-term gains with long-term strategic growth.
An innovation portfolio helps to strategically guide, diversify, measure, and act upon a portfolio of potential new businesses.
Diversify your innovation efforts today.
Organizations that neglect innovation portfolio management risk disorganization, resource misallocation, and poor strategic alignment.
Over time, this can hinder opportunities, increase risks, and reduce the competitive edge needed for growth.
Are innovation investments wasted on low-impact projects?
Create an innovation funnel to incrementally invest only in teams that are strategically aligned and backed with evidence.
Are innovation efforts fragmented and disconnected from long-term business goals?
Provide a portfolio guidance to make clear what type of innovation and improvements are in or out.
Are most innovation initiatives failing to deliver expected value, leaving the organization at risk of failure?
Diversify investments across different types of innovation to balance risk with potential returns.
Is your organization struggling to identify sustaining and scalable initiatives, weakening overall innovation performance?
Enable data-driven decisions by incorporating innovation metrics and clear success criteria.
Are inefficiencies, delays, and process bottlenecks disrupting your daily operations?
Implement industry-leading processes and clear dashboards to reduce chaos by providing a transparent view of ongoing projects, streamlining communication, and eliminating bottlenecks.
Create a Healthy, Performant Innovation Portfolio.
A successfully managed innovation portfolio typically contains the ingredients listed below.
Innovation Funnel
Provides focus and ensures that only the most viable and high-potential projects move forward.
Diversified Innovation Portfolio
Bets are spread to minimizes innovation risk based on type of innovation, short-term gains vs. long-term growth, and maturity or stage of exploration.
Evidence based Metered Funding
Provides funds incrementally based on proven progress and established performance benchmarks to reduce risk.
Dedicated Innovation Board
Ensures that innovation remains a core, managed, and high-impact part of the business.
Innovation Metrics
Critical data points to measure the performance of innovation efforts at the initiative level.
Clear Success Criteria
Innovation projects are evaluated using clearly defined success criteria based on evidence and innovation metrics.
Portfolio Guidance
Provides a clear context to select, prioritize, and manage innovation projects so that they align with an organization’s overall objectives.
Portfolio Actions
Strategic decisions and interventions are made regularly to manage and optimize an organization’s portfolio of projects and initiatives.
Innovation Programs
Selected initiatives are supported through dedicated programs designed to test ideas (eg, Discovery, Validation and Acceleration).
Portfolio Metrics
Selected Portfolio KPIs that measure the health and performance of the innovation efforts at portfolio level to support decision-making and portfolio actions.
Institutionalized
Growth Budget
Dedicates a pool of resources embedded in an organization’s financial planning to consistently fund breakthrough projects and market opportunities.
Leadership Training
Equips leaders with the skills and mindset to drive innovation, overcome obstacles, and push organizations forward.
Defined Innovation Toolbox
Radically facilitates the search for new growth engines by shaping, testing, and managing ideas in an organization.
Start investing only in the most successful initiatives today.
These are the questions I get asked a lot.
“Setting up a formal innovation portfolio is too expensive and resource-intensive.”
Investing in a structured portfolio helps prevent wasted resources on low-impact projects by ensuring that funding, talent, and time are allocated to high-value initiatives. This targeted approach ultimately increases ROI by reducing the costs associated with failed projects.
“Focusing on innovation management diverts attention from our core business operations.”
A well-managed innovation portfolio aligns with overall strategic objectives, ensuring that new projects complement and drive growth in the core business. It acts as a catalyst for long-term competitiveness rather than a distraction.
“The outcomes are too unpredictable, and we can’t clearly measure the return on investment.”
By establishing clear performance metrics and regular review processes, portfolio management helps identify and mitigate risks early. This iterative approach allows for data-driven adjustments that increase the likelihood of success, turning uncertainty into manageable risk.
“We already innovate ad hoc; a formal portfolio isn’t necessary.”
Ad hoc innovation can lead to fragmented efforts, misaligned projects, and missed opportunities. A systematic portfolio process creates transparency, ensures strategic alignment, and fosters a balanced mix of incremental and breakthrough projects.
“A formal process will bog us down in bureaucracy and reduce creative freedom.”
Rather than stifling creativity, structured portfolio management provides clarity and focus. It frees innovators from wasting energy on projects that don’t align with strategic goals, allowing them to concentrate on refining and scaling ideas with true potential.
Start balancing short-term gains with long-term strategic growth today.
Let’s talk.
Whether you are looking for more information or you are ready to start a project, I am here to help.
