Tackling Policy Challenges Through Public Sector Innovation
Author | : |
Publisher | : |
Total Pages | : 0 |
Release | : 2022 |
ISBN-10 | : 9264464271 |
ISBN-13 | : 9789264464278 |
Rating | : 4/5 (71 Downloads) |
Download or read book Tackling Policy Challenges Through Public Sector Innovation written by and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.