Please select the specific industry applicable to the innovation measureBusiness Service, Computer & Electronics, Education, Manufacturing, Media & Entertainment, Software & Internet, Telecommunications, Transportation & Storage
Please explain how the measure is used with a specific examplewhen we talk about innovation we know we are expecting a maximum risk and more cost because if there is innovation that means there is an uncertainty.
So if a corporate has a good ability of rapid prototyping that means it has a very good chance to examine the market with a minimum risk and fastest time before competitors and with a minimum cost .
so if we measure the corporate for its prototyping ability that means we measure its braveness by ability to be first to the market with minimum risk and cost.
In order to measure the rapid prototyping we will measure :
1- the time between an idea acceptance and it get its first prototype
2- percentage of risk reduction by prototyping
3- cost reduction by using rapid prototyping
4-#of prototypes
Help to Improve This Measure.