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 measure is the % of Proof of Concepts successfully translating into viable, impactful business models.
Ideas either die or develop into proof of concepts. Lots of ideas is good, but too many PoCs indicates that the process isn't weeding out the weaker ones.
The # of Proof of Concepts translating into impactful business models means that the innovation process is functioning efficiently, is targeted and is delivering meaningful results to the business.
Defining and measuring impact could be done in a number of ways.
Help to Improve This Measure.