Dr. Jukka Salonen, Professor of Practice, Aalto University
Organizations increasingly rely on digital technologies to innovate, transform, and realize strategic value. They invest with limited resources in a portfolio of digital innovation initiatives. Executives struggle to realize strategic value from their portfolio of digital innovation initiatives. Digital innovations differ from traditional innovations, and managing a portfolio of digital innovation initiatives requires different principles than traditional innovation portfolio management.
How can portfolio management for digital innovation initiatives be designed to help realize strategic value? Our analysis of the research of major financial institution identified principles for portfolio management of digital innovation initiatives (PMDII), which form a framework of four fundamental phases for PMDII.
Based on Research
Salonen, Jukka; Fonstad, Nils; and Rossi, Matti, “Four Phases of the Portfolio Management of Digital Innovation Initiatives for Realizing Strategic Value” (2024). 15th Scandinavian Conference on Information Systems. 6.https://aisel.aisnet.org/scis2024/6
Four Changes: How BBVA Generated Greater Strategic Value, NO Fonstad, J Salonen. MIT CISR Working Paper no 421, 2021.
Learn more about Jukka Salonen’s research.