Project portfolio formation as an organizational routine: Patterns of actions in implementing innovation strategy

IF 7.4 1区管理学 Q1 MANAGEMENT

International Journal of Project Management Pub Date : 2024-05-01 DOI:10.1016/j.ijproman.2024.102592

Miia Martinsuo , Lauri Vuorinen , Catherine P. Killen

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Abstract

Implementing strategy through an innovation project portfolio starts with project portfolio formation. The routine of project portfolio formation is especially influential, as it includes identifying, screening, and prioritizing the projects that shape the eventual portfolio. Comprehensive understanding of the project portfolio formation routine is important for addressing the simultaneous pressures for continuity and renewal when implementing innovation strategy. This study explores portfolio actors’ behavioral patterns in the project portfolio formation routine to understand their contextuality and implications on innovation strategy implementation. A multiple-case study with innovative companies reveals a comprehensive framework of governing and empowering actions and organization-specific patterns of actions. Differences between organizations in the combination of governing and empowering actions may be explained by innovation types, and the size and history of the organization. The behavioral patterns of project portfolio formation can provide organizations with a foundation for implementing both continuity- and renewal-oriented innovation strategies.

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作为组织常规的项目组合形成：实施创新战略的行动模式

通过创新项目组合实施战略始于项目组合的形成。项目组合形成的常规工作尤其具有影响力，因为它包括确定、筛选和优先考虑形成最终组合的项目。全面了解项目组合形成的常规流程，对于在实施创新战略时同时应对连续性和更新的压力非常重要。本研究探讨了项目组合参与者在项目组合形成过程中的行为模式，以了解其背景和对创新战略实施的影响。通过对创新型企业的多案例研究，我们发现了管理和授权行动的综合框架以及组织特有的行动模式。不同组织在管理和授权行动组合方面的差异可以用创新类型、组织规模和历史来解释。项目组合形成的行为模式可以为组织实施以持续和更新为导向的创新战略奠定基础。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Journal of Project Management MANAGEMENT-

CiteScore

12.30

自引率

26.20%

发文量

审稿时长

59 days

期刊介绍： The International Journal of Project Management is recognized as a premier publication in the field of project management and organization studies. Our main objective is to contribute to the advancement of project management and project organizing through the publication of groundbreaking research. We are dedicated to presenting fresh insights and new knowledge in various domains, including project management, program management, portfolio management, project-oriented organizations, project networks, and project-oriented societies. We actively encourage submissions that explore project management and organizing from the perspectives of organizational behavior, strategy, supply chain management, technology, change management, innovation, and sustainability. By publishing high-quality research articles and reviews, we strive to revolutionize the academic landscape and propel the field of project management forward. We invite researchers, scholars, and practitioners to contribute to our journal and be a part of the progressive development in this exciting field.