Successful innovation requires successful operations portfolio management.
This is from a comprehensive article on the intersection of innovation and operations portfolio management. (See link for article below)
“OPM can become a beast, an unwieldy mound of data apparently impossible to interpret. If it can’t be understood it can’t be used, so unofficial offshoots may arise to make it practical.
That’s why an important rule of OPM is:
- to do all within your power to make the system agile, relevant and not bureaucratic; and
- to obviate the need for alternative management tools and
- to deviate from a single source of the truth
If the world is changing rapidly but your OPM can’t adapt, it will be a contributor to corporate demise.”
And this always important rule in Operations Portfolio Management: “Somebody will have to ensure the necessary compromises are reached.”
For a comprehensive approach to strategies for OPM in the world today, please check out my book on Amazon.
Larry Tu, Warrior and Author, has just released his new book: Operations Portfolio Management New Rules for a New Time. with a comprehensive discussion of OPM for the business world of today. His goal is to guide business founders, leaders and operations portfolio managers in best practices to build the business of the future. He shares generously from his experience as a serial entrepreneur who has launched several successful businesses and operations/project management leader in large companies.
Larry Tu, Warrior and Author, has just released his new book on Amazon: Operations Portfolio Management New Rules for a New Time.