Our results provide evidence that not just one path, but rather a pool of alternatives, supports product and process innovation development. More specifically, we analyze the use of causal and effectual decision-making logics to evaluate their direct and ambidextrous effects on innovation in technology-based SMEs. This study seeks to close this research gap using Effectuation Theory, one of the most-cited theories emerging in the field of entrepreneurship. Although prior studies have analyzed diverse factors that impact the innovative dynamics of this type of firm, little advance has been made in exploring the problem from the perspective of decision-making. These conditions make them much more likely to innovate but also make the innovative process more challenging due to greater complexity of decisions about resources and establishment of actions to achieve favorable innovation results. Technology-based SMEs develop their activity in changing environments with strong competitive pressures. Furthermore, the findings encourage managers to implement ROR, but also stress the essential contribution an entrepreneurial orientation makes when the managers do so. The findings underline the relevance of strategic support for ROR’s effectiveness in innovation portfolio management. In addition, the study’s analysis offers an explanation of previously mixed findings regarding ROR’s benefits by considering the firm’s strategic and cultural innovation contexts. This study contributes to the literature by demonstrating the relationship between ROR and portfolio success, mediated by portfolio innovativeness. The analysis also supports the positive interaction between entrepreneurial orientation and ROR with respect to portfolio innovativeness. The results support ROR’s positive relationship to portfolio innovativeness and portfolio success. Further, we analyze the moderating influence of an innovation portfolio’s organizational context − entrepreneurial orientation and innovation climate − on ROR’s application. Using a sample of 137 innovation portfolios with multiple informants, we investigate ROR’s influence on portfolio innovativeness and, ultimately, on portfolio success in a mediated model. In this study, we investigate the potential benefits of applying real options reasoning (ROR) in innovation portfolio management from an attention‐based view. PMOs have impacted team satisfaction and control of project data but not indicators related to triple constraints.ĭecision makers find creating an innovation portfolio challenging, because more innovative projects are associated with a higher degree of uncertainty. Managers can set the most suitable PMO functions avoiding mimicry when structuring their NPD efforts. This paper contributes to a contingency approach for designing a project machine involving PMOs to support NPD projects. The project teams’ perception of project management (PM) performance is suggested as a success factor that drives PMOs when working on portfolio management issues, managing project files and promoting PM over the company. The factorial analysis allows us to find the main functions influencing each other. The authors apply a specific set of statistics to uncover the relations between these dimensions of interest.
#Project eve r34 drivers#
The study used a survey of 35 Brazilian and multi-national companies that identified the effort to perform a list of PMO functions, some PMO drivers in the company and five project performance perception indicators. This paper aims to explore how new product development (NPD)-based project management offices (PMOs) work, their drivers to deliver performance and their project success impact. This study can provide a crucial reference for management and control of financing risk for enterprises. It is proved that the proposed financing risk evaluation method can assess the financing risks accurately, and the financing decision-making method based on NDE can obtain more appropriate financing decisions through calculation. The financing decision obtained shows that the current equity fund financing should be 396.24million to achieve the future goal.
It is found that the comprehensive score of financing risk of Peilin Company is 63.6124, indicating that the risk is high. Finally, the corresponding financing decision is proposed based on the BSDE. Then, the financing risk is evaluated with analytic hierarchy process (AHP) combined with fuzzy evaluation based on the financing status of Peilin Company. An assessment index system for financing risks is established, and the financing decision-making method is proposed based on the backward stochastic differential equation (BSDE).
In this paper, a financing decision-making method is proposed based on the nonlinear differential equations (NDEs) to promote the healthy development of high-technological (high-tech) small and medium enterprises (SMEs).
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