The RISE Colloquium on September 4th 2008 was concerned with “The Strategic Mangement of Innovation: Resource Allocation and the Creation of new and uncertain Opportunities". In a first part two papers of strategy process research where discussed in terms of their contribution to a creation of opportunities in the strategy process. Furthermore Actor Network Theory was discussed as a potential theoretical framework to describe and explain entrepreneurial and strategic action inside the strategy process. In a third part Florian Bertram presented his research on resource allocation to new and uncertain opportunities.