Title: Empirical experiences of investment portfolio management in a capital-intensive business environment: a dimension of strategic asset management
Authors: Annika Heikkilä; Kari Komonen; Minna Räikkönen; Susanna Kunttu
Addresses: VTT Technical Research Centre of Finland, P.O. Box 1300, Tampere, FI-33101, Finland. ' VTT Technical Research Centre of Finland, P.O. Box 1000, VTT, FI-02044, Finland. ' VTT Technical Research Centre of Finland, P.O. Box 1300, Tampere, FI-33101, Finland. ' VTT Technical Research Centre of Finland, P.O. Box 1300, Tampere, FI-33101, Finland
Abstract: The aim of this article is to describe the investment portfolio management method and how the method affected portfolio management from different strategic (corporate, business and functional) perspectives. This study focused on describing the investment portfolio management method (input and output information), which is tested for its practical relevance in the four case companies in the capital-intensive business environment. Investment portfolio management is a managerial and strategy intensive process, which aims to select the right set of investment projects for execution. The investment portfolio management method integrates technical, operational and strategic information to improve the quality of investment and business decisions. According to the study the investment portfolio management method applies knowledge, skills, tools and techniques to the collection of projects in order to meet or exceed the needs and expectations of the organisation's investment strategy.
Keywords: strategic asset management; portfolio management; investment management; investment portfolio; capital-intensive business; business uncertainty; case study; strategic decision making.
International Journal of Strategic Engineering Asset Management, 2012 Vol.1 No.2, pp.117 - 134
Published online: 23 Aug 2014 *Full-text access for editors Full-text access for subscribers Purchase this article Comment on this article