Metrics and Innovation
How does your company measure innovation? If your like many companies both big and small, it has been a challenge to measure anything but a change to top line revenue. As you formulate the processes that are part of your organizational innovation engine, consider the defining the following 4 items: A framework of capturing, reporting and making adjustments based on the key metrics related to innovation ROI related metrics evaluating all possible inputs associated with innovation Metrics related to capacity, ability and location of resources both internal and external. Process metrics such that a lean approach can be an outcome based on cycle time andRead More →