Project Lineage Management and Project Portfolio Success

Kock, Alexander; Gemünden, Hans Georg

doi:10.1177/8756972819870357

Cited by 40 publications

(21 citation statements)

References 68 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…While previous strategic literature on entrepreneurial orientation has mainly considered its direct influence (Wales et al, 2013), this article offers additional insight into entrepreneurial orientation's organizational support. Further, we add to recent literature on adaptiveness in new product development (Cooper & Sommer, 2016; Kock & Gemünden, 2016, 2019). In combination with frequent portfolio reviews, ROR constitutes a suitable approach for firms to increase their innovativeness, which enables them to better adapt to future challenges (Kogut & Kulatilaka, 2004).…”

Section: Discussionmentioning

confidence: 98%

Strategic and cultural contexts of real options reasoning in innovation portfolios

Kaufmann

Kock

Gemünden

2021

J of Product Innov Manag

Self Cite

View full text Add to dashboard Cite

Decision makers find creating an innovation portfolio challenging, because more innovative projects are associated with a higher degree of uncertainty. In this study, we investigate the potential benefits of applying real options reasoning (ROR) in innovation portfolio management from an attention‐based view. Using a sample of 137 innovation portfolios with multiple informants, we investigate ROR's influence on portfolio innovativeness and, ultimately, on portfolio success in a mediated model. Further, we analyze the moderating influence of an innovation portfolio's organizational context—entrepreneurial orientation and innovation climate—on ROR's application. The results support ROR's positive relationship to portfolio innovativeness and portfolio success. The analysis also supports the positive interaction between entrepreneurial orientation and ROR with respect to portfolio innovativeness. This study contributes to the literature by demonstrating the relationship between ROR and portfolio success, mediated by portfolio innovativeness. In addition, the study's analysis offers an explanation of previously mixed findings regarding ROR's benefits by considering the firm's strategic and cultural innovation contexts. The findings underline the relevance of strategic support for ROR's effectiveness in innovation portfolio management. Furthermore, the findings encourage managers to implement ROR, but also stress the essential contribution an entrepreneurial orientation makes when the managers do so.

show abstract

Section: Discussionmentioning

confidence: 98%

Strategic and cultural contexts of real options reasoning in innovation portfolios

Kaufmann

Kock

Gemünden

2021

J of Product Innov Manag

Self Cite

View full text Add to dashboard Cite

show abstract

“…We showed that decision-makers apply ROR in the development process of health estate projects. Thus, our research builds on [11],…”

Section: Discussionmentioning

confidence: 99%

“…ROR enables decision-makers to develop infrastructure able to accommodate changing requirements throughout its operational life [8], [9]. ROR highlights the benefit of managerial flexibility under uncertainty [5], [7] and how flexibility influences value creation [10], [11]. ROR is useful when decision-makers cannot quantify the value of operating different options, either because the information in unreliable or not obtainable, or the firm does not have the required resources and capabilities [12].…”

Section: Introductionmentioning

confidence: 99%

Talking About Futureproofing: Real Options Reasoning in Complex Infrastructure Projects

Krystallis¹,

Locatelli

Murtagh³

2022

IEEE Trans. Eng. Manage.

View full text Add to dashboard Cite

Complex infrastructure projects often attract criticism regarding their short-and long-term performance. An effective development process requires thinking about both present and future requirements. We employed the lens of real options reasoning to investigate the power of verbal theorizing, without the aid of analytical modeling, to add flexibility in the development process. Drawing on 32 semi-structured interviews with decision-makers involved in health estate projects, we examined if and how informal talks in the development process can lead to futureproof outcomes. Our findings synthesize and conceptualize relevant insights on iterative design thinking, affordability, bounded rationality, and motivational gaps as causal mechanisms for futureproofing talks and thus real options reasoning. The paper contributes to the planning and project studies literature dealing with futureproofing complex infrastructure projects.

show abstract

“…The latter performance dimensions can also be impacted by the proficiency of downstream activities such as launch and sales activities or postlaunch moves of competitors. That being said, project success metrics are neither fully decoupled from market characteristics nor overall innovation program performance (Kock & Gemünden, 2019). Faster changing customer needs can trigger to change project requirements and thereby affect the time and budget necessary to adapt to the changed requirements.…”

Section: Limitations and Future Researchmentioning

confidence: 99%

Rapid validity testing at the front end of innovation

Häufler

Globocnik

Saldías

et al. 2021

J of Product Innov Manag

View full text Add to dashboard Cite

To efficiently and effectively reduce the uncertainty inherent in the front‐end of innovation processes, recent literature emphasizes new approaches that facilitate rapid knowledge generation and learning such as design thinking, lean innovation, and pretotyping. However, these approaches differ in their conceptualizations and, despite their popularity, the empirical evidence on the performance relevance of such approaches for established organizations is limited. In this research, we propose rapid validity testing (RVT), in which we conceptualize and harmonize existing approaches toward a unique and comprehensive set of front‐end activities necessary to reduce uncertainty and equivocality inherent to this phase and enable planned flexibility. Drawing on information processing theory, we argue that organizations implementing RVT also increase the probability of achieving innovation outcomes of superior quality on time and within budget. We further argue that the effectiveness of RVT depends upon internal and external environmental factors. Drawing on multirespondent data collected from 1022 informants in 129 firms, we find empirical evidence that organizations implementing the RVT approach in their innovation activities achieve higher performance of their innovation programs, and that the performance relevance of RVT depends upon technological turbulence and the organization's long‐term orientation and risk propensity. We contribute to the literature by conceptualizing RVT as a set of activities that enable planned flexibility. Furthermore, we overcome empirical shortcomings of studies on popular approaches that relied primarily on anecdotal or case study evidence and imply the generalizability of their effectiveness. Our findings highlight that organizations indeed not only benefit from RVT but also challenge the notion of a one‐size‐fits‐all approach to the front end of innovation.

show abstract

Project Lineage Management and Project Portfolio Success

Cited by 40 publications

References 68 publications

Strategic and cultural contexts of real options reasoning in innovation portfolios

Strategic and cultural contexts of real options reasoning in innovation portfolios

Talking About Futureproofing: Real Options Reasoning in Complex Infrastructure Projects

Rapid validity testing at the front end of innovation

Contact Info

Product

Resources

About