Commodore Innovation is conducting a first-of-its-kind benchmarking study of innovation metrics practices.
The study is designed to identify:
- The best innovation metrics to inform and debias specific decisions in innovation—at the project, portfolio, and organizational levels. For example, innovation project selection, assessment of project learning, resource allocation across portfolios.
- The innovation performance measurement practices used by high-performing organizations.
- Emerging innovation metrics and related practices.
- The impact of high-quality innovation performance measurement on innovation success.
Most other surveys of innovation metrics are simply innovation metrics popularity contests. For example, it doesn’t really help to know that 38.5% of companies track the number of ideas generated and only 13% track the number of media or press mentions—without context.
Commodore’s study will take the critical step of identifying what innovation metrics are used for—i.e., which innovation metrics are used to inform specific decisions and/or encourage certain behaviors.