Innovation has to become a core competency, a business process itself, that can be continually improved. And because you can’t manage what you don’t measure, that requires metrics. But what metrics?
I helped write this article on SAP Insights, with some thoughts and examples of innovation KPIs.
My favorite? Making sure that you have a target minimum for project failure (because if you don’t hit that, you’re being too conservative…)
Innovation Metrics: Figure Out Which Projects to Pursue
Photo by Mikail McVerry on Unsplash