Which of the following statements is true regarding innovation portfolio planning?
A)Each innovation project should be evaluated on its own merits,independent of other projects a firm is pursuing
B)Product enhancement projects typically require greater resource investments than platform development projects do
C)Operations managers play different roles on different types of innovation projects
D)In order to be fair,all innovation projects should be assessed using the same metrics

Question

Quizplus · Accepted Answer

Operations managers may have different roles on different types of innovation projects. For example, on incremental innovation projects they may focus on optimizing processes to improve efficiency, while on radical innovation projects they may need to coordinate with research and development teams to develop entirely new processes. The other statement choices are incorrect: A) innovation projects should be evaluated in the context of a firm's overall strategy and resource allocation, not independently; B) platform development projects often require greater resource investments than product enhancement projects, as they involve creating the foundation for a family of related products; D) different types of innovation projects may require different metrics to measure success, depending on their goals and objectives.

Which of the Following Statements Is True Regarding Innovation Portfolio