How to Measure Innovation Capability

How to Measure Innovation Capability

Part two of the Innovation Management series focuses on measuring product innovation capability. Tech Clarity highlights three factors that should be monitored to improve organization’s innovation performance. Firstly, understanding the source of ideas, and not relying solely on the R&D or marketing department. Secondly, monitoring how much innovation is in the pipeline and ensuring each initiative is tied to strategic goals. Lastly, balancing calculated risk-taking by celebrating failures and learning from them. Measuring innovation capability leads to confident decision-making for future initiatives.

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More Innovation Resources:

Why not here? Why not now?

TEDxGlasgow's Labs experience featured three innovative workshops, exploring new techniques for imaging the human body and building more inclusive cities, open to everybody.

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Are you opening up the Stage Gates to let the new innovating world in?

Are you opening up the Stage Gates to let the new innovating world in?

The Stage-Gate process for innovation is evolving to be more adaptive, flexible, agile, and accelerated. The new process will have risk-based contingency models, context-based stage, and gate definitions, and the emphasis will be on reducing non-value-added work and maximizing speed.

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Innovation Funnel vs Innovation pipeline: What is the Difference?

Innovation pipeline and innovation funnel are two different methods used for managing the innovation process in business. This article explains the difference between the two and their importance in improving innovation practices.

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