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
During a relevant time period, track the number of new products being produced compared to the overall portfolio of product produced. This helps to understand the rate and effectiveness of New Product Development processes to design, develop and deliver value to customers that are needed.
Example - for the 3rd quarter, 4 new products were introduced and in production along with 96 existing products being produced. % New products produced = 4/(4+96) = 4%.
Help to Improve This Measure.