Please select the specific industry applicable to the innovation measure
All
If Other, please add your Industry
Please explain how the measure is used with a specific example
The purpose of innovation is to create value for an organization. There are lots of other things to measure, but they are means to the end, so it's important to measure the end also. As this is the end point, it has to be measured. It can take the form of revenue, profits, cost reductions, efficiency gains, etc., etc. Doing so requires that ideas be tracked from origin through the development process, and dashboards can be very helpful in monitoring the flow of ideas into projects into value creation.
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