Commodore Essentials

To develop a high-quality innovation performance measurement system you’ll need to:

  • Define the function of the system—how will the information about innovation performance be used?
  • Identify which aspects of innovation performance will be measured—which questions will your system answer?
  • Choose the metrics / KPIs that will be used to measure innovation performance.
  • Specify the data collection and processing techniques.
  • Set the benchmarks (e.g., standards, norms, goals) your innovation performance will be compared against.
  • Formulate the communication strategy—who are your audiences? Via which methods will you convey information, at what frequency?

The resources described below will help you understand how to address these aspects of innovation performance measurement. They’re coded by the keywords bolded above.

How to measure your innovation project

Aspects covered: Questions, metrics, communication

We created the project-level guide for people in large organizations who need to track and report performance of their innovation project(s). It provides the case for good measurement, the questions your measurement system should answer, guidance on how to choose metrics, and what to keep in mind for communicating about your progress. Don’t miss the details on how to measure learning.

We created the project-level guide for people in large organizations who need to track and report performance of their innovation project(s). It provides the case for good measurement, the questions your measurement system should answer, guidance on how to choose metrics, and what to keep in mind for communicating about your progress. Don’t miss the details on how to measure learning.

How to measure your innovation portfolio

Aspects covered: Function, questions, metrics, communication

Coming soon: a guide on how to measure and compare performance of multiple projects in a portfolio, or organization-wide. Click below to be notified when this guide is available. 

A framework for measuring innovation

Aspects covered: Questions

Commodore’s innovation measurement framework identifies the ten questions any good measurement system should be able to answer. The best metrics to answer these questions will vary depending on your specific context (and over time). See the guides above for guidance on choosing the right metrics for your organization.