Strategic IT Portfolio Management for Development of Innovative Competences

Background: Strategic Basis Of Project-Oriented Company

Generally, strategy is defined as a means to achieve individual or organizational goals (Grant, 2007). In this definition, means is defined as a plan or policy determining concrete actions. Ansoff (2007) finds that, regardless of the complexity of the managerial problem, it is possible to identify a number of strategic variables that will determine the solution to this problem. According to him, strategy means a set of decision rules as well as guide to achieve organizational goals in the future (Ansoff, 1987). On the other hand, Porter (1996) maintains that the essence of the strategy is a clever selection of varied sets of activities that will ensure a unique combination of values for the organization. In other words, the basis of the strategy is a difference in comparison to the competitors. Chandler (1962) defines strategy as a process of determining the long-term goals of the company, defining the direction of activities and allocating resources necessary in achieving these goals. The definition is supported by Grant’s (1991) attitude that strategy is the choice the organization makes between the resources and competence on one hand and opportunities and differences in the environment, on the other.