Title: Innovation business plan at Siemens: portfolio-based roadmapping to convert promising innovation projects into concrete successes
Authors: Babak Farrokhzad, Claus Kern, Meike De Vries
Addresses: Siemens AG, Automation and Drives, Strategic Tasks 2/Technology, A&D ST 2, Gleiwitzer Str. 555, 90475 Nuremberg, Germany. ' Siemens AG, Power Transmission and Distribution, PTD TI, Freyeslebenstr. 1, 91058 Erlangen, Germany. ' Institute for Project Management and Innovation (IPMI), University of Bremen, Wilhelm-Herbst-Strabe 12, 28359 Bremen, Germany
Abstract: Roadmapping is an effective tool for supporting innovation projects and business strategy. It is easy to implement and can be used in many different ways. In an international company like Siemens, roadmapping offers senior management valuable decision-making support that is easy to understand in every language. Siemens has developed a supportive approach for decision-making known as the Innovation Business Plan. At the heart of this Innovation Business Plan is a portfolio-based roadmapping approach. This paper provides an overview of the portfolio-based roadmapping approach within the Innovation Business Plan and its incorporation into the organisation.
Keywords: roadmapping; strategic planning; technology management; innovation strategy; portfolio analysis; Siemens; technology planning; decision making; business planning.
International Journal of Technology Intelligence and Planning, 2008 Vol.4 No.2, pp.153 - 164
Available online: 15 May 2008 *Full-text access for editors Access for subscribers Purchase this article Comment on this article