As an innovation leader, you’re entrusted with the future of your company—a position that can feel both exciting and perilous. What you’re working on may be complex or unfamiliar. It’s up to you to balance that uncertainty with discipline and focus—and build support from across the organization. But you don’t have a reliable way to know what’s working and what’s not.
Good measurement practices help you spur innovation, build broad support, and focus where it matters. At Commodore we think it’s time to get these practices right. We’ve developed a methodology to help companies rapidly enhance—or implement new—innovation measurement systems.
Innovation teams are facing budget constraints for the remainder of 2020 and into 2021. But the impact of COVID-19 means innovation is more important than ever. Act now to bolster the case for sustained investment in innovation.
Many firms are updating their innovation strategies in response to COVID-19. Those changes will only be implemented if they are effectively communicated.
With a recession imminent, innovation leaders will soon be facing budget pressure. We look back at R&D spending in recent US recessions to understand what might be coming—and consider how to prepare.