Taking the plunge means taking innovation from a concept to a real-life implemented process bringing the organization actual measurable value
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?
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?
Prototyping is a crucial tool when running innovation processes. Most innovation methods will require you to create a prototype to examine your idea, before moving on to development.
In this 2nd part of the article, I’ll explain another tool called IFA (Innovation Factors Assessment).
You must differentiate between project and test and protect innovators so they’ll be able to innovate