Innovation Metrics

Innovation metrics

Innovation metrics and indicators are often difficult to find and apply. Not many leaders are able to show current dashboards with 3-5 simple KPIs.

Looking at past research there is no shortage of metrics though. In a recent survey over 200 metrics and indicators were mentioned in more than 400 instances of literature. The can be classified by the

  • process phase: comparing input, throughput and output metrics, often called leading or lagging indicators
  • area of measurement: related to product development, strategy, organisation etc.
  • expression in qualitative or quantitative terms.

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Sweet Spot of Innovation

Innovation methods need to be balanced and timed

A sweet spot of innovation has been found and balance is achieved when a new product has proven feasible, its business model is viable and customers feel a desire to get it and use it. Thus answering the questions what, how and why?

Differentiation and competitive advantage is added when all of your competitors cannot target the same spot, or, have solutions ready.

But how can we achieve this? (more…)

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