Strategies for resource allocation in corporate innovation portfolio management: an exploratory analysis of selected Portuguese companies

Abstract

This study investigates resource allocation strategies in innovation portfolio management within five Portuguese companies: BPI, Delta Cafés, Fidelidade, Galp, and NOS Inovação. Using a qualitative, exploratory approach, semi-structured interviews were conducted to explore how these organizations allocate resources between incremental and transformational projects, balance short and long-term objectives, and address external and internal pressures. Key findings highlight the influence of strategic alignment, ambidexterity approach, and innovation funding. The study contributes to understanding how Portuguese organizations navigate resource constraints, risk tolerance, and portfolio management to sustain innovation and long-term competitiveness.