How to Measure Innovation Capability

How to Measure Innovation Capability

Part two of the Innovation Management series focuses on measuring product innovation capability. Tech Clarity highlights three factors that should be monitored to improve organization’s innovation performance. Firstly, understanding the source of ideas, and not relying solely on the R&D or marketing department. Secondly, monitoring how much innovation is in the pipeline and ensuring each initiative is tied to strategic goals. Lastly, balancing calculated risk-taking by celebrating failures and learning from them. Measuring innovation capability leads to confident decision-making for future initiatives.

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More Innovation Resources:

Overton Window: How extreme ideas become mainstream

The Overton Window explains how extreme ideas become mainstream by describing a range of what society will accept, from policy to radical and unthinkable ideas.

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Innovation Program 2019 Goals

Segment your innovation goals into revenue, cost, and culture categories, assign metrics, targets, and dates for each goal to achieve progress with your innovation program.

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How to set a strategy using the cascade of choices framework

How to set a strategy using the cascade of choices framework

Learn how to set a real strategy using the Cascade of Choices framework, a tool that helps clarify goals and choices in innovation management.

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