Innovation portfolio management as a subset of dynamic capabilities

Innovation portfolio management has been touted as a new dynamic capability following the evolution of team- and project-based organizational forms. In this article, we conceptualize innovation dynamic capabilities as a multidimensional construct that comprises distinct but related aspects in managing innovation. We test our model, which links this capability to innovative performance by using survey data from a sample of 923 firms. We find empirical support for our conceptualization and its impact on firm innovative performance.