Dynamic capabilities

innovation project portfolio management

Catherine P. Killen, Robert A. Hunt, Elko J. Kleinschmidt

Research output: Chapter in Book/Report/Conference proceedingConference proceeding contribution

Abstract

Innovation Project Portfolio Management (IPPM) practices are a dynamic capability that provides competitive advantage by dynamically adjusting the organisation’s portfolio of projects and resource allocation profile for the best innovation outcomes. A relatively new body of empirical research into IPPM practices is starting to generate findings related to IPPM practices and innovation outcomes. However this research is fragmented and lacks a unifying theoretical base. The resource-based view of strategy, in particular the dynamic capabilities approach, provides a theoretical framework to unify IPPM research. A ‘processes, positions and paths’ perspective on IPPM practices helps to clarify the ways that IPPM practices contribute to competitive advantage. Existing empirical research into the processes used for IPPM reveals some links to innovation outcomes, but does not try to explain causality. Improved understanding of the mechanisms responsible for competitive advantage through IPPM practices is found in research on positions (how IPPM processes draw upon and contribute to the underlying resource position) and paths (the role of past decisions and organisational paths in shaping IPPM processes as well as future options and decisions).
Original languageEnglish
Title of host publicationManaging our intellectual and social capital
Subtitle of host publicationproceedings of the 21st ANZAM Conference, 4-7 December 2007, Sofitel Wentworth, Sydney
EditorsRoss Chapman
Place of PublicationCanning Bridge, W.A.
PublisherPromaco Conventions
Pages1-14
Number of pages14
ISBN (Print)1863081402
Publication statusPublished - 2007
EventAustralian and New Zealand Academy of Management Conference (21st : 2007) - Sydney, Australia
Duration: 4 Dec 20077 Dec 2007

Conference

ConferenceAustralian and New Zealand Academy of Management Conference (21st : 2007)
CountryAustralia
CitySydney
Period4/12/077/12/07

Keywords

  • project portfolio management
  • innovation
  • strategy
  • dynamic capabilities
  • resource-based view
  • exploration and exploitation

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  • Cite this

    Killen, C. P., Hunt, R. A., & Kleinschmidt, E. J. (2007). Dynamic capabilities: innovation project portfolio management. In R. Chapman (Ed.), Managing our intellectual and social capital: proceedings of the 21st ANZAM Conference, 4-7 December 2007, Sofitel Wentworth, Sydney (pp. 1-14). Canning Bridge, W.A.: Promaco Conventions.