In this paper, we show that firms might get an additional strategic benefit from using marginal-cost-reducing investments in conjunction with a managerial incentive scheme. While both these instruments allow firms to “aggressively” participate in product market competition, we show that they...

Project portfolio management ensures a hierarchy of purpose and effective prioritization of projects in achieving organization’s strategic objectives. This study argues that the lack of discipline in integrating projects makes project portfolio investments and anticipated benefits unclear,...