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:

Building an Effective Innovation Incubator / Accelerator: A New Approach

Employee networks can support incubators and their ideas by assisting with early and later stages of development, including being mentors and launching ideas back into the organization.

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The Scale-Up Canvas

Intrapreneurs looking to scale-up need specific guidelines for corporate innovation projects. A group of corporate innovation practitioners has created the Scale-Up Canvas to help intrapreneurs transition their startups into substantial businesses.

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5 Tips Leaders Must Do to Motivate Employees to Innovate

Motivating employees to innovate is challenging, but leaders can create a culture of innovation by encouraging creativity, creating a well-thought-out innovation strategy, being willing to experiment, encouraging open communication, and prioritizing employee well-being.

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