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Using IT Fashion Investments to Optimize an IT Innovation Portfolio's Risk and Return

Title data

Fridgen, Gilbert ; Moser, Florian:
Using IT Fashion Investments to Optimize an IT Innovation Portfolio's Risk and Return.
In: Journal of Decision Systems. Vol. 22 (2013) Issue 4 . - pp. 298-318.
ISSN 1246-0125
DOI: https://doi.org/10.1080/12460125.2013.835507

Official URL: Volltext

Abstract in another language

IT Fashions are new emerging IT innovations that are going through a hyped phase. Consequently they are on the rise and by their proponents claimed to be a fundamental improvement offering solutions to real or perceived problems with IT. Naturally, IT Fashions are characterized by both, hi gh risk and high expected returns. Hitherto, suitable methodologies to quantify the impacts of IT fashions are virtually absent. Decisions on IT Fashion engagements (ITFE) are often made following a gut feeling or jumping on the bandwagon. Research within this area provides mainly empirical or argumentative results emphasizing the importance of academic engagement with IT
Fashions. To support business decision on IT innovations and to demonstrate the importance of steady ITFE within an IT innovation portfolio, this paper aims on a model that provides the optimal share of ITFE within an IT innovation portfolio under risk/return aspects. Through a real world example from the financial industry, we obtain first results and recommendations for the role of ITFE within an IT innovation portfolio. We find that the engagement with risky IT Fashions cannot only be used to maximize the value of an IT innovation portfolio but even to minimize its overall risk.

Further data

Item Type: Article in a journal
Refereed: Yes
Keywords: T Fashion, IT innovation, Adoption of IT, Risk, Return, Optimization Model, Portfolio Theory, IT portfolio management
Institutions of the University: Faculties > Faculty of Law, Business and Economics > Department of Business Administration
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Professorship Business Informations Systems and sustainable IT management
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Professorship Business Informations Systems and sustainable IT management > Professorship Business Informations Systems and sustainable IT management- Univ.-Prof. Dr. Gilbert Fridgen
Profile Fields
Profile Fields > Emerging Fields
Profile Fields > Emerging Fields > Innovation and Consumer Protection
Research Institutions
Research Institutions > Affiliated Institutes
Research Institutions > Affiliated Institutes > Fraunhofer Project Group Business and Information Systems Engineering
Research Institutions > Affiliated Institutes > FIM Research Center Finance & Information Management
Faculties
Faculties > Faculty of Law, Business and Economics
Result of work at the UBT: Yes
DDC Subjects: 000 Computer Science, information, general works > 004 Computer science
300 Social sciences > 330 Economics
Date Deposited: 31 Mar 2015 12:25
Last Modified: 18 Jan 2018 14:18
URI: https://eref.uni-bayreuth.de/id/eprint/7849