Part 2 of 3 (see part 1: Resource Allocation – The dilemma)
Most people agree that there is no one best solution for how to allocate resources in companies. This depends on every company's size, organizational structure, politics, culture and other factors.
Part 1 of 3 (see part 2: Resource Allocation – The practice)
While R&D yields the seeds for hundreds of potentially revolutionary projects, it is an unavoidable fact of reality that companies face constraints on their resources, and only a select few 'seeds' actually receive the funding and manpower to take them all the way to the market.
What gives the ambitious Innovation Manger a good night's sleep? From Googols experience, it is the comforting feeling of knowing that your organization is working with the right projects and delivering the most value on time spent. This is what Innovation Portfolio Management (iPM™) is about!
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