Companies are now required to introduce and encourage innovation processes in their day to day activities in order to stay relevant in the ever-changing market.
In today’s fast-paced market and ever-changing environment, Innovation is no longer a nice to have. Innovations need to be practical in order to make innovation-driven solutions implementable quickly and effectively. This article discusses why and how organizations integrate innovation processes into the activity stream.
Since our goal is to measure everything we do to improve, and since there are many different metrics you can focus on, start by asking yourself two simple questions:
What’s, is your final goal for the innovation process/team?
Is the data accessible? Is there ease of collection and use?
It’s obvious that if you can’t measure it, you can manage it!
How do you measure innovation? How do you know if it’s worth the investment?