JOURNAL ARTICLE

How to Decide Which Innovation Projects to Greenlight.

  • Published In: Harvard Business Review Digital Articles, 2024. P. 1 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Klingebiel, Ronald; Böttcher, Lucas 3 of 3

Abstract

The article discusses different decision-making methods for selecting innovation projects in organizations. It compares voting, scoring, and ranking processes and suggests that ranking often outperforms the other methods in selecting the best projects. The article emphasizes the importance of considering budget constraints, the number of projects, and the expertise of decision-makers when choosing a decision rule. It provides insights on how different decision rules can impact the success of innovation projects and recommends ranking as a simple and effective method in many situations. [Extracted from the article]

Additional Information

  • Source:Harvard Business Review Digital Articles. 2024/12, p1
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2024
  • Accession Number:181687761
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