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 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.
Available from November 23, 2022
In series:OECD Public Governance Reviewsview more titles