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.