Tackling Policy Challenges Through Public Sector Innovation A Strategic Portfolio Approach
This report discusses how steering innovation investment in public sector organisations through a portfolio approach can help governments respond to the multi-faceted challenges they face. Portfolio management is a well-known device in the financial sector, allowing for dynamic decision-making proce...
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| Format: | eBook |
| Language: | English |
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Paris
OECD Publishing
2022
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| Series: | OECD Public Governance Reviews
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| Collection: | OECD Books and Papers - Collection details see MPG.ReNa |
| Summary: | This report discusses how steering innovation investment in public sector organisations through a portfolio approach can help governments respond to the multi-faceted challenges they face. Portfolio management is a well-known device in the financial sector, allowing for dynamic decision-making processes involving regular reviews of activity and ensuring a coherent distribution of resources among strategic options. The report illustrates how this approach can be applied by public sector organisations to reap a variety of benefits, including avoiding innovation fragmentation and single-point solutionism; tackling risk aversion and learning at the portfolio level; identifying synergies among projects and activities; building value chains among projects and programmes; and layering activities connected to complex reforms. The report also discusses the type of innovation investments or facets a portfolio can help to steer and what these look like in practice |
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| Physical Description: | 220 p. 21 x 28cm |
| ISBN: | 9789264652200 9789264464278 9789264768529 |