True or False: Success can sometimes pose a serious threat to team innovation.

Success can sometimes pose a serious threat to team innovation. This is because success can lead to complacency and a reluctance to change successful strategies, processes, or products. It can create a ‘success trap’ where the focus shifts to maintaining the status quo rather than seeking new opportunities for improvement or innovation. In the context of Project Portfolio Management (PPM), it’s important to maintain a balance between leveraging successful strategies and remaining open to innovative approaches that could lead to even greater success. PPM encourages continuous evaluation and improvement, which is essential for fostering a culture of innovation12.

References:

PPM Tips: How to Encourage Project Team Innovation - LinkedIn1

PPM: A Catalyst for Innovation - ProjectManagement.com2