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Governing portfolio management for innovative new product portfolios: a conceptual framework

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  • Christian Urhahn
  • Patrick Spieth

Abstract

Continuous innovation asks for new product portfolios that are balanced with respect to the innovativeness of its individual projects. Hence, firms need to proactively manage their portfolio innovativeness. Simultaneously, portfolio management (PM) literature suggests shifting emphasise from project selection towards governing the entire PM process. We therefore aim at explaining how portfolio-level innovativeness can be fostered by PM governance and how innovativeness in turn affects performance. Using dynamic capabilities theory, we propose a conceptual framework that postulates positive relationships between PM governance, innovativeness, and firm performance. We furthermore identified moderating effects of portfolio balance on the latter relation.

Suggested Citation

  • Christian Urhahn & Patrick Spieth, 2013. "Governing portfolio management for innovative new product portfolios: a conceptual framework," International Journal of Product Development, Inderscience Enterprises Ltd, vol. 18(5), pages 377-394.
  • Handle: RePEc:ids:ijpdev:v:18:y:2013:i:5:p:377-394
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    Citations

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    Cited by:

    1. Patrick Spieth & Sabrina Schneider, 2016. "Business model innovativeness: designing a formative measure for business model innovation," Journal of Business Economics, Springer, vol. 86(6), pages 671-696, August.
    2. Tor Helge Aas & Karl Joachim Breunig & Katja Maria Hydle, 2017. "Exploring New Service Portfolio Management," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 21(06), pages 1-31, August.
    3. Chieh-Peng Lin & Kuang-Jung Chen & Chu-Mei Liu & Chiu-Hui Liao, 2019. "Assessing decision quality and team performance: perspectives of knowledge internalization and resource adequacy," Review of Managerial Science, Springer, vol. 13(2), pages 377-396, April.

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