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What gets measured gets managed. Innovation is not serendipity; it’s a managed process of transforming novel ideas to achieve their business value. You can only manage what you measure.
New products are invented all the time but this is only one way to innovate. Learn about all the other types of innovation.
The Germans call it Industrie 4.0. The Americans call it Connected Enterprise, and the British call it the 4th Industrial Revolution. But what is it? And should we want it?
Here are the 6 metrics that the author found most useful to measure innovation success. His advice is to use them as a set and dont cherry pick one or two.
The technological innovation process consists of a series of phases necessary to implement improvements or develop a new production process, product or service.