A Visual Guide: Reset Your Innovation POrtfolio to Reflect the New Reality

 

 

A new infographic provides a step-by-step guide to help leaders prepare for — and conduct — a strategic portfolio review.

Reset Your Innovation Portfolio

Crises like the COVID-19 pandemic force businesses to reassess their strategy and investment focus and make urgent, often dramatic choices about which projects to stop, put on hold, accelerate or launch. Conducting a strategic portfolio review not only allows leaders to make immediate, no-regrets decisions — it primes the organization for sustained innovation and growth in what Forrester is calling “the new, unstable normal.”

Ask the Right Questions

To gauge the sufficiency, optimization, and alignment of the organization’s innovation priorities, leaders must seek to answer three critical questions:

• Are we doing too much, too little, or the right amount of innovation?
• Are we doing the right kinds of innovation?
• Have we optimized how resources are allocated to innovation?

Portfolio views that can answer these questions unlock enormous near-term value while keeping options open for the long term. To learn more, read our E-book “Reset Your Innovation Portfolio to Reflect the New Reality.”