Abstract
This chapter introduces the concept of innovation portfolios and innovation portfolio management, and asks how innovation facets with varying level of directionality and certainty can be steered in the same organisation. Without structured and conscious support across a portfolio, public sector organisational practices can unbalance innovation efforts and result in bias toward the status quo. At the same time, innovation portfolio management is an emerging topic, and well-developed tools do not exist to help public sector organisations review innovation activities in a coherent way. Nevertheless, successful public sector innovation portfolio management is key to tackling ‘wicked’ problems (green transition, aging, etc.) that require systemic action, and anticipating and adapting to change. The chapter outlines the general functions of innovation portfolio management and proposes avenues for further research and tool development.
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