From Safe Bets to Breakthroughs: Building a Balanced Innovation Portfolio
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Noel Sobelman explains innovation portfolio management and how companies can bridge the gap between strategy and execution. He shares a medical device company example where shifting from safe, incremental projects to a more balanced mix led to higher growth. The conversation also covers using tools like metered funding, managing risk, and how roles like Chief of Staff help leaders focus on what's best for the whole company instead of just one business unit.
Links Mentioned:
Noel Sobelman’s Book: Innovation Portfolio Management: Linking Strategy to Execution
Connect with Noel Sobelman on LinkedIn
Get in touch with Emily:
Want to chat with Emily? Book a quick clarity call here.
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Who Am I?
If we haven’t met before - Hi👋 I’m Emily, Chief of Staff turned Executive Leadership Coach. After a thrilling ride up the corporate ladder, I’m focusing on what I love - working with people to realize their professional and personal goals. Through my videos here on this channel, books, podcast guest spots, and newsletter, I share new ideas and practical and tactical tools to help you be more productive and build the career and life you want.
Time Stamps:
01:14 What Portfolio Management Means
03:55 Medical Device Turnaround Story
07:33 De Risking with Metered Funding
12:41 Saying No and Staying Agile
14:05 Governance and People Dynamics
19:16 Assessing Your Current Portfolio
23:51 Finding the Right Mix
26:33 Decision Focused Portfolio Reviews
28:32 AI and Maturity Benchmarking
33:36 Success Metrics and Gold Standard Example