Commodore Innovation L.L.C.

Since starting Commodore a few months ago, we’ve talked with dozens of innovation practitioners who know how important it is to measure performance, but …! But they’re not sure how to get started. But they’re not sure how to make the case for investing time to measure. But they already have a system … but it doesn’t seem to be useful.

So we wanted to help. We created a step-by-step guide that’ll work whether you’re starting from scratch, or you have a system in place that needs a tune-up. Read More

A lot has been written about measuring innovation in recent years. I’ve been reviewing this literature as we build our service offering for Commodore Innovation. (For anyone interested, we have a live list of resources related to measurement of innovation here). Many of the articles, blog posts, surveys of industry practice, etc. suggest frameworks for measuring innovation. That is, they propose a way of thinking about what companies should measure when it comes to tracking innovation. Done well, such frameworks become tools that enable companies to quickly review and enhance their innovation measurement systems or establish entirely new systems. The existing frameworks available fail to achieve that objective, for reasons I describe below. Read More

We think companies can measure better all along the innovation pipeline, but if you asked us what sorts of activities need the most improvement vis-à-vis measurement? It’s not even close: it’s at the front end. Read More

We thought we’d better go ahead and address this one right up front. What is “dead reckoning” and why on earth would we pick that as the name of our blog? Read More

One of the reasons we started Commodore was concern about a decline in Total Factor Productivity (TFP) in many major economies (e.g., US, China, Euro area). TFP is, put simply, the portion of economic growth that occurs from using either labor or capital more efficiently—in some ways it’s a measure of innovation within an economy. (A certain Commodore founder, who shall remain nameless, has been a bit of an economics geek ever since he watched Mr Hyslop furiously describe price elasticity of demand on a dusty chalkboard in Fifth Form Economics.) Read More

Over the last ten years—both in my practice as an innovation consultant and in the literature—I’ve seen a recurring theme among people paying attention to innovation in large companies. Consistently, they rank innovation among their highest priorities and consistently, they’re not happy with how it’s going. Read More

The way companies measure innovation initiatives is outdated. Despite all the progress that has been made in innovation practice in the last decade, firms are still measuring innovation in much the same way. And let’s not forget that what gets measured gets done (with apologies to Drucker, Lord Kelvin, Rheticus or whoever the original source was). Read More