Innovation Management has evolved. Vision statements and offsite workshops are no longer enough. Executives are expected to deliver innovation as a system—one that is measurable, repeatable, and strategically aligned. That is where Innovation Portfolio Management (IPM) steps in. IPM is the mechanism that transforms Innovation from a series of scattered projects into a unified engine that drives both short-term results and long-term relevance.
At its core, IPM is a governance structure. It ensures
The role of corporate functions, traditionally, has been to conduct the various service-oriented specialized tasks necessary to run the business. Corporate functions are of strategic significance in achieving organizational objectives yet their role at most enterprises is kind of contractual at best. These units assist in routine operations, facilitate other business units, and manage conflicts and relevant pressing matters. For instance, the