Technological invention to product innovation: A project management approach

Mark J. Ahn; Ofer Zwikael; Rebecca Bednarek

doi:10.1016/j.ijproman.2009.11.001

Technological invention to product innovation: A project management approach

Mark J. Ahn^*, Ofer Zwikael, Rebecca Bednarek

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

25 Citations (Scopus)

Abstract

The optimal allocation of resources at the firm level to transform emergent technological invention into commercially successful products depends on the effective assessment and selection of projects. This study develops a multidisciplinary model for differentiating, prioritizing, and selecting investment in technological projects within an organization's portfolio. Approaches from project portfolio and strategic technology management are integrated to explore how a particular product within a diverse project portfolio may be prioritized and developed. Our results suggest that the application of the suggested model to a portfolio of biotechnology projects may enhance the assessment of internal capabilities and external competitiveness, thereby providing a basis for firms to prioritize and preferentially allocate scarce resources within a portfolio of heterogeneous technologies.

Original language	English
Pages (from-to)	559-568
Number of pages	10
Journal	International Journal of Project Management
Volume	28
Issue number	6
DOIs	https://doi.org/10.1016/j.ijproman.2009.11.001
Publication status	Published - Aug 2010

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10.1016/j.ijproman.2009.11.001

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title = "Technological invention to product innovation: A project management approach",

abstract = "The optimal allocation of resources at the firm level to transform emergent technological invention into commercially successful products depends on the effective assessment and selection of projects. This study develops a multidisciplinary model for differentiating, prioritizing, and selecting investment in technological projects within an organization's portfolio. Approaches from project portfolio and strategic technology management are integrated to explore how a particular product within a diverse project portfolio may be prioritized and developed. Our results suggest that the application of the suggested model to a portfolio of biotechnology projects may enhance the assessment of internal capabilities and external competitiveness, thereby providing a basis for firms to prioritize and preferentially allocate scarce resources within a portfolio of heterogeneous technologies.",

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AU - Bednarek, Rebecca

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AB - The optimal allocation of resources at the firm level to transform emergent technological invention into commercially successful products depends on the effective assessment and selection of projects. This study develops a multidisciplinary model for differentiating, prioritizing, and selecting investment in technological projects within an organization's portfolio. Approaches from project portfolio and strategic technology management are integrated to explore how a particular product within a diverse project portfolio may be prioritized and developed. Our results suggest that the application of the suggested model to a portfolio of biotechnology projects may enhance the assessment of internal capabilities and external competitiveness, thereby providing a basis for firms to prioritize and preferentially allocate scarce resources within a portfolio of heterogeneous technologies.

KW - Biotechnology

KW - Legitimacy

KW - Project portfolio management

KW - Project screening criteria and evaluation

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EP - 568

JO - International Journal of Project Management

JF - International Journal of Project Management

IS - 6

ER -

Technological invention to product innovation: A project management approach

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