Many organizations aren’t satisfied with how they currently measure innovation performance (a recent survey of nearly 200 innovation professionals found that 54% described their approach to measuring innovation as still “taking shape”).
But improving innovation measurement systems can be daunting:
As a result, many organizations that have successfully improved how they measure innovation performance have treated it as a journey—a set of cumulative, discrete steps taken over time.
Our guide sets out an ideal pathway for that journey. We describe the seven basic steps you can take, over time, to improve how your organization measures innovation. The steps are designed to address the most important aspects of innovation measurement first, and to cumulatively build capabilities and experience with different aspects of measurement.
The guide will help you: