Leading Approaches to Managing Organizational Portfolio in a Dynamically Changing Environment

Irina Tkachenko () and Marina Evseeva ()
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Irina Tkachenko: Ural State University of Economics
Marina Evseeva: Ural State University of Economics

A chapter in Sustainable Leadership for Entrepreneurs and Academics, 2019, pp 191-199 from Springer

Abstract: Abstract Achieving market leadership for modern companies, especially high-tech companies, is associated with intensive innovation aimed at advancing technology development. Project portfolio management—a toolkit that has been widely recognized in managing a set of organization’s projects in international practice, and Russia is going through a stage of comprehensive theoretical understanding. At the same time, it is the management of the project portfolio that is considered the basic tool for implementing the strategy of the project-oriented organization. Project portfolio management is associated with the manifestation of an organization’s dynamic capabilities. The portfolio of innovative projects of a modern company, as the embodiment of its strategy aimed at technological leadership, should have built-in functions of flexibility and adaptability in a dynamically changing external environment. The practical implementation of these functions can serve as real options, as the possibility of correcting the discrete phases of portfolio projects.

Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-030-15495-0_20

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DOI: 10.1007/978-3-030-15495-0_20

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