Many companies face the challenge of ambidexterity: they must exploit their current business while simultaneously exploring new opportunities. Some scholars point out that a portfolio management approach is suitable to meet this challenge and achieve continuous innovation. This study examines how managers balance and integrate exploration and exploitation in innovation portfolio management (IPM) for the intended outcome of ambidexterity by conducting a case study at a global automotive and industrial supplier. The resulting exploratory model proposes novel preconditions and enablers to achieve ambidexterity through IPM. The conclusions support the common finding that IPM helps to balance exploration and exploitation. Interestingly, the data analysis shows that IPM not only facilitates the balance between exploration and exploitation: these activities are also integrated through the establishment of organizational and procedural linking mechanisms. These findings underpin the view that the "sanctity" of ambidexterity lies in the combination, and not just the pure balancing, of exploration and exploitation.
Achieving Ambidexterity through Innovation Portfolio Management - an Explorative Framework
Conference Paper - CINet 2024


Publication Data
Publication:
2024
Language:
English
Pages:
14
Download size:
1.1 MB
Format:
PDF
Authors
Lukas Schlotfeldt
HHL Leipzig Graduate School of Management
Dr. Lysander Weiss
Partner
venture.idea
Case study on innovation portfolio management for ambidexterity to not only create a balance between exploratory and exploitative innovation, but even to combine both activities for a greater innovation impact:
- Ambidexterity for balancing / combining exploration (new business development) and exploitation (core business optimization)
- Innovation portfolio management for optimized balance of innovation projects
- Innovation Portfolio Management for Ambidexterity
- Combination of exploration and exploitation for high strategic value contribution
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