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innovation portfolio management when projects drift from strategy california management review subscribe submit topics strategy competitive advantage business models strategy strategic agility competitive advantage alliances mergers growth strategy capabilities leadership decision making leadership decision making change management negotiations crisis management stakeholders governance board of directors corporate governance shareholder engagement inclusivity transparency disclosure accountability risk resilience compliance risk management resilience regulatory compliance security privacy legal innovation entrepreneurship innovation open innovation entrepreneurship research development product development technology digital transformation blockchain digital transformation digital platforms information technology technology strategy cybersecurity artificial intelligence artificial intelligence agentic ai generative ai automation data analytics business intelligence data management data analysis predictive modeling demographics sales marketing sales customer relationships marketing strategy digital marketing social media advertising brand management organizational design culture organizational design organizational behavior teams collaboration communication culture people talent talent management human resource management employee wellness diversity equity inclusion conflict resolution operations supply chain project management manufacturing supply chain management logistics planning forecasting quality management sustainability csr ethics sustainability business ethics corporate social responsibility climate change circular economy social impact esg global business globalization cross cultural issues global supply chains international partnerships emerging markets government society government public policy public interest regulation labor lobbying industries finance education healthcare entertainment commodities transportation journal summer 2026 managing emotions our summer issue features research on the emotional challenges of structural ambidexterity with additional contributions on entrepreneurship supplier emissions social enterprise organizational design and artificial intelligence new introducing spotlight a new kind of practitioner focused research designed to complement our traditional in depth articles learn more browse current issue all issues latest in depth spotlight collections insights cases publish open paper calls explore our open paper calls and submit your research about publication information subscriptions permissions journal rankings best article award contact us resources access options submission guidelines reviewer guidelines sample articles paper calls california management review california management review is a premier professional management journal for practitioners published at uc berkeley haas school of business innovation innovation portfolio management when projects drift from strategy haijian si christoph loch and stylianos kavadias article spotlight 29 jun 2026 volume 68 issue 4 https doi org 10 1177 00081256261464598 abstract how often does your innovation portfolio your budgeted innovation projects fail to deliver strategic change because it consists of incremental initiatives or serves partisan objectives senior leaders often think the problem lies in weak strategy cascading or weak organizational creativity but based on feedback from 70 ceos and ctos of large organizations there is often something else going on this is often the result of how innovation portfolios are assembled the standardized nature of the most widely used innovation portfolio methods leads to portfolio choices that don t align with the strategy here s how management can take back strategic control related topics organizational behavior strategy leadership decision making image credit alexander wende access full article watch video california management review published at berkeley haas for more than sixty years california management review seeks to share knowledge that challenges convention and shows a better way of doing business learn more follow us join our mailing list haas school of business university of california berkeley california management review f465 berkeley haas school of business 2220 piedmont ave berkeley ca 94720 1900 510 725 7826 cmr haas berkeley edu copyright 2026 uc regents uc berkeley privacy policy about publication information subscriptions permissions advertising journal rankings best article award press releases resources access options submission guidelines reviewer guidelines sample articles paper calls contact us submit review browse current issue all issues articles insights cases