Measuring Innovation - The Ultimate Guide to Innovation Management KPIs
You may be familiar with the term KPI (Key Performance Indicator), which is used to study how well a business is achieving its goals through a measurable value. A KPI is something you use across all levels of an organisation to evaluate targets. While KPI’s are common across the different sectors of a company, it often falls short in the innovation department, with “only a ⅓ of all Fortune 1000 companies using formal metrics to measure their innovation output over time.”