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Managing Your Innovation Portfolio About the author Contents Innovation and Entrepreneurship The Practice of Innovation :The seven sources for innovative opportunity The Practice of Entrepreneurship :The challenges of existing business, the public-service institution and the new venture Entrepreneurial Strategies: Introduce four kinds strategies Article Overview Type of company innovation Example of different innovative forms the managerial toolbox required to keep innovation on track varies greatly according to the type of innovation in question. there are five key areas of management that serve the three levels of innovation ambition Five key areas conclusion Effective manage total innovation, the manager should: Firstly, manager should develop a shared sense of the role innovation plays in driving the organization’s growth and competitiveness. Secondly, managers should agree on an appropriate ambition level for innovation and find common language to describe it. Thirdly, it makes sense to survey the company’s current innovation landscape. Finally, manager should choose the appropriate kinds of innovation, achieve the goals. Personal insights Innovation is the important way for Intrapreneurship and enterprises growth Companies need rational innovation, do not get lost in the many creative, along with its own characteristics to find suitable innovative ways reasonably allocate their own resources according to the balance mode, then effective management of the innovation portfolio, to improve the efficiency of innovation * LOGO Bansi Nagji Geoff Tuff President at Monitor Group CEO of Monitor Innovation at Monitor Group Board of Directors at Market Force Information Venture Partner at Monitor Ventures A leaders of the firm’s global innovation practice at Monitor Gro