Skip to main content

A Framework for Innovation Management

  • Chapter
  • First Online:
Portfolio Decision Analysis

Part of the book series: International Series in Operations Research & Management Science ((ISOR,volume 162))

  • 2422 Accesses

Abstract

Over the last 3 years a niche has emerged for Web-based tools to support innovation management processes. However, these tools usually focus on a limited part of the innovation management cycle. Moreover, in spite of the inherent portfolio nature of many decisions in innovation management, such tools tend to lack group decision support capabilities, except for simple mechanisms using discussion fora and voting systems. We describe a flexible framework based on collaborative decision analysis to support innovation management processes and outline a Web-based architecture implementing such framework.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 189.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 249.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 249.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  • Alfaro C, Gomez J, Rios J (2010) From participatory budgets to e-participatory budgets. In: Ríos Insua D, French S (eds) e-Democracy: a group decision and negotiation perspective. Springer, New York

    Google Scholar 

  • Altshuller G (1999) The innovation algorithm. Technical Innovation Center, Worcester

    Google Scholar 

  • Aven T (2010) Misconceptions of risk. Wiley, Chichester

    Book  Google Scholar 

  • Brams S, Fishburn P (2002) Voting procedures. In: Arrow K, Sen A, Suzumura K (eds) Handbook of social choice and welfare, vol 1. North Holland, Amsterdam

    Google Scholar 

  • Brams S, Fishburn P (2007) Approval voting. Springer, New York

    Google Scholar 

  • Burstein C, Holsapple C (2008) Handbook on decision support systems, vol 2. Springer, New York

    Google Scholar 

  • Chesbrough H, Vanhaverbeke W, West J (2008) Open innovation: researching a new paradigm. Oxford University Press, Oxford

    Google Scholar 

  • Christensen C, Kaufman S, Shih W (2008) Innovation killers: how financial tools destroy your capacity to do new things. Harv Bus Rev 86:98–105

    Google Scholar 

  • Clamen A (2003) Reducing the time from basic research to innovation on chemical sciences, vol 2. USA National Research Council, Washington, DC, pp 18–27

    Google Scholar 

  • Clemen RT, Smith JE (2009) On the choice of baselines in multi-attribute portfolio analysis. Decis Anal 6(4):256–262

    Article  Google Scholar 

  • Day G (2007) Is it real? Can we win? Is it worth doing? Managing risk and reward in an innovation portfolio. Harv Bus Rev 85(12):3–17

    Google Scholar 

  • Efremov R, Ríos Insua D (2010) Collaborative decision analysis and e-participation. In: Ríos Insua D, French S (eds) e-Democracy: a group decision and negotiation perspective. Springer, New York

    Google Scholar 

  • EUROSTAT New Cronos Data Base (2010) http://epp.eurostat.ec.europa.eu/portal/page/portal/statistics/themes

  • French S (1986) Decision theory. Ellis Horwood, Chichester

    Google Scholar 

  • French S (2010) The internet and the web. In: Ríos Insua D, French S (eds) e-Democracy: a group decision and negotiation perspective. Springer, New York

    Google Scholar 

  • French S, Ríos Insua D, Ruggeri F (2007) e-Participation and decision analysis. Decis Anal 4: 211–226

    Article  Google Scholar 

  • French S, Maule J, Papamichail N (2010) Decision behaviour, analysis and support. Cambridge University Press, Cambridge

    Google Scholar 

  • Golabi K (1987) Selecting a group of dissimilar projects for funding. IEEE Trans Eng Manag 34:138–145

    Google Scholar 

  • Golabi K, Kirkwood C, Sicherman A (1981) Selecting a portfolio of solar energy projects using multiattribute preference theory. Manag Sci 27:174–189

    Article  Google Scholar 

  • Herzog P (2008) Open and closed innovation: different cultures for different strategies. Gabler, Wiesbaden

    Google Scholar 

  • Howells J (2005) The management of innovation and technology. Sage, London

    Google Scholar 

  • Keeney R (1997) Value focused thinking. Harvard University Press, Cambridge, MA

    Google Scholar 

  • Kersten G (2008) Negotiation and e-negotiation. Springer, New York

    Google Scholar 

  • Kleinmuntz D (2007) Resource allocation decisions. In: Edwards W, Miles RF, von Winterfeldt D (eds) Advances in decision analysis. Cambridge University Press, Cambridge, MA

    Google Scholar 

  • Lavin JM, Ríos Insua D (2010) Participatory processes and instruments. In: Ríos Insua D, French S (eds) e-Democracy: a group decision and negotiation perspective. Springer, New York

    Google Scholar 

  • Liesio J, Mild P, Salo A (2007) Preference programming for robust portfolio modeling and project selection. Eur J Oper Res 181(3):1488–1505

    Article  Google Scholar 

  • Luecke R (2009) The innovator’s toolkit. Harvard Business Press, Cambridge, MA

    Google Scholar 

  • Marriott K, Stuckey PJ (1998) Programming with constraints: an introduction. MIT Press, Cambridge, MA

    Google Scholar 

  • Martello S, Toth P (1990) Knapsack problems: algorithms and computer implementations. Wiley, Chichester

    Google Scholar 

  • McGrath RG, MacMillan IC (1995) Discovery driven planning. Harv Bus Rev 73(7):44–54

    Google Scholar 

  • Pro Inno Europe (2009) European Innovation Scoreboard (EIS) 2009. European Commission. Brussels

    Google Scholar 

  • Raiffa H, Richardson J, Metcalfe D (2002) Negotiation analysis. Harvard University Press, Cambridge, MA

    Google Scholar 

  • Rios J, Ríos Insua D (2008) A methodology for participatory budget formation. J Oper Res Soc 59:203–212

    Article  Google Scholar 

  • Rios J, Ríos Insua D (2009) Supporting negotiations over influence diagrams. Decis Anal 6: 153–171

    Article  Google Scholar 

  • Rios J, Ríos Insua D (2010) Balanced increment and concession methods for negotiation support. RACSAM 104:41–56

    Article  Google Scholar 

  • Ríos Insua D, French S (eds) (2010) e-Democracy: a group decision and negotiation approach. Springer, New York

    Google Scholar 

  • Ríos Insua D, Kersten G, Rios J, Grima C (2008) Decision support and participatory democracy. Int J E Bus Res 6:161–191

    Google Scholar 

  • Salo A, Kakola T (2005) Groupware support for requirements management in new product development. J Organ Comput Electron Commerce 15(4):253–284

    Google Scholar 

  • Shane S, Ulrich K (2004) Technological innovation and product development and entrepreneurship in management science. Manag Sci 50(2):133–144

    Article  Google Scholar 

  • Thomson W (1994) Cooperative models of bargaining. In: Aumann R, Hart S (eds) Handbook of game theory, vol 2. Elsevier, Amsterdam, pp 1238–1277

    Google Scholar 

  • Townsend C, Radjou N, Andrews C, Liu J (2008) The rise of innovation management tools. Forrester Research, Cambridge, MA

    Google Scholar 

  • Vilkkumaa E, Salo A, Liesio J (2011)] Multicriteria portfolio modeling for the development of shared action agendas. Group Decis Negot (to appear)

    Google Scholar 

Download references

Acknowledgements

This work was supported by grants MICINN-eCOLABORA and RIESGOS-CM. We are grateful to Felipe Garcia for introducing us to this research topic and market niche. Discussions with the editors greatly enhanced this chapter and our vision of innovation management.

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Gonzalo Arévalo .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2011 Springer Science+Business Media, LLC

About this chapter

Cite this chapter

Arévalo, G., Insua, D.R. (2011). A Framework for Innovation Management. In: Salo, A., Keisler, J., Morton, A. (eds) Portfolio Decision Analysis. International Series in Operations Research & Management Science, vol 162. Springer, New York, NY. https://doi.org/10.1007/978-1-4419-9943-6_8

Download citation

Publish with us

Policies and ethics