Tag Archives: Innovation Metrics

Innovation Metrics in Outcome-Based Culture

One of the key objectives of the corporate innovation function is to build and manage the innovation funnel of ideas that will eventually become Horizon 2 & Horizon 3 products. How do you measure success of corporate innovation especially when your organization’s planning process is extremely outcome-based, and most ideas are not going to move forward by design? McKinsey’s “3 ...

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Innovation’s #1 Success Dynamic

We all know that innovation success is hard to come by – for decades about 75% of all innovations have failed within five years, with most failing in 18-24 months. For an innovation to succeed, it needs to switch many (often very, very many) direct and indirect competitive product users to the innovative product.

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Measuring Innovation with Money

Innovation is such a heady, ill-defined concept. Innovation is one of those words – like strategy or creativity – that means either nothing or something different to anyone who hears it. But when handled correctly, genuine innovations are the lifeblood of any company’s continued health and success.

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Innovation Insights WEF Latin America 2012

The seventh World Economic Forum on Latin America took place in Puerto Vallarta, Mexico, on 16-18 April 2012. The meeting, held under the theme “Regional Transformation in a New Global Context”, convened a record number of participants for this regional gathering, with close to 900 top regional and global leaders from 70 nations.

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More on Innovation Metrics

I suspect the vast majority of innovation professionals would agree that measuring what you do is important. That may well be a statement of the blindingly obvious, but the debate diverges dramatically when considering what is actually done. Luis Solis of Imaginatik wrote a good post here on Innovation Excellence clearly distinguishing between input and output metrics. I’d like to ...

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