Practices of strategic alignment in and across innovation project portfolios



: Martinsuo M, Anttila R

Publisher: European Academy of Management, EURAM

: 2022

: EURAM 2022 Conference

: EURAM conference

: 978-2-9602195-4-8

: https://researchportal.tuni.fi/en/publications/9949542a-d3cc-4c04-8a52-b2b4bc6cdbe5


Strategic alignment of project portfolios concerns the match between projects in the portfolio and the organization{\textquoteright}s strategy. It is often considered either as a selection criterion, when creating the project portfolio, or as a performance indicator, when assessing the project portfolio success. Organizations are increasingly interested to achieve optimal strategic alignment while at the same time remaining sensitive and responsive to changes in the operating environment. The problem guiding this study is the need to understand how strategic alignment occurs in practice in the work of project portfolio managers, in the context of multiple project portfolios. We explore large firms{\textquoteright} practices of strategic alignment and cross-portfolio interplay in the innovation project portfolios of three industrial firms. The findings reveal social, mechanistic, and structural practices of portfolio{\textquoteright}s strategic alignment and sharing, synergy creation, and boundary spanning practices in cross-portfolio interplay. Strategic alignment is reported as a dynamic, continuous activity in the work of managers and personnel, with versatile practices that drive both efficiency and renewal.



Last updated on 2024-26-11 at 15:09