Output Metrics

Output metrics are used to track the performance and success of an innovation strategy after implementation. (e.g., product fit, ROI)

More Innovation Glossaries

Low Risk

Minimal levels of both possible negative consequences and possible positive outcomes. The stakes are low.

Product Development

Product Development

Product development is the process of creating a new product that is ready to be launched. It includes research, design, prototyping, testing, and production to bring the product to market.

Managers

A person responsible for directing employees and resources toward achieving a set goal.

Top Output Metrics Resources

Customer driven innovation

Customer driven innovation

Turn complaints into opportunities with customer-driven innovation! Innolytics® Innovation Management software allows companies to manage customer complaints and share knowledge among specific users, promoting customer co-creation and generating new ideas.

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Exploring Innovation - Guest Post from Howard McAuliffe

Exploring Innovation - Guest Post from Howard McAuliffe

Grass roots practitioners and top minds in the country alike came together at a community development conference hosted by the Federal Reserve Bank of St. Louis to discuss, collaborate, and learn about innovative approaches to community development.

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Here’s how you can come up with outside the box innovations

Here’s how you can come up with outside the box innovations

Creating outside the box innovations involves breaking down problems into fundamental truths, embracing constraints, conducting qualitative research, thinking bigger, and seeking critique.

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Innovating for Mind, Body and Soul

Innovating for Mind, Body and Soul

Appealing to the minds and hearts of consumers is not enough for an innovation to succeed. Embodied cognition, or physical interaction between consumers and products/services, also plays a crucial role.

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Quantify Your Customer’s Unmet Needs

Quantify Your Customer’s Unmet Needs

Quantifying customer needs is key to turning innovation from art to science. The Opportunity Algorithm is a formula used to prioritize unmet customer needs by quantifying desired outcomes.

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Running an Innovation Challenge: the Ultimate Guide

Running an Innovation Challenge: the Ultimate Guide

Innovation challenges encourage employees to generate and collaborate on ideas, creating a strong culture of innovation. This article provides a step-by-step guide on how to set up a successful internal innovation challenge.

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An image of interconnected hexagons, each containing unique abstract symbols.

Understanding The 7 Types of Innovators In Your Innovation Ecosystem

Learn about the seven types of innovators and their roles in the innovation process.

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An image of a magnifying glass hovering over a puzzle piece maze, symbolizing insight analysis.

What is a good customer insight?

Crafting a powerful insight when developing ideas takes effort and time. To ensure true insights, focus on customers and avoid reverse benefits.

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Lunar - McKinsey Design

Lunar - McKinsey Design

A design-focused innovation consultancy, LUNAR’s broad array of skills serve their clients all the way through the development process.

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