Why Innovation Strategies Fail—and How to Build World-Class Innovation Portfolio Management

In this episode, we sit down with Noel Sobelman, innovation advisor, portfolio management expert, and author of Innovation Portfolio Management: Linking Strategy to Execution to explore why many innovation strategies never translate into meaningful business results and what leaders can do to improve investment decisions, resource allocation, and innovation governance.

During our time together, we discuss:

• Why innovation should be viewed as a spectrum of uncertainty rather than a single activity
• The difference between core, adjacent, and exploratory innovation
• Why annual planning cycles are no longer sufficient in today's environment
• The critical role portfolio management plays in connecting strategy to execution
• The challenge of balancing short-term performance pressures with long-term growth investments
• Improving innovation outcomes through better resource allocation and creating separate governance approaches for core and exploratory innovation
• What world-class innovation portfolio management looks like in practice
• How benchmarking and maturity models help organizations identify capability gaps
• Practical strategies for overcoming resistance to change and creating lasting adoption

To learn more from Noel:

• Connect with Noel on LinkedIn
• Order a copy of Innovation Portfolio Management: Linking Strategy to Execution  (Pre-order the book to receive immediate access to the e-book version before the official release.)