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.

View

More Innovation Resources:

Too Much Innovation? Can a Company Over-Innovate?

Companies can over-innovate, both internal and external issues play a role. Timing of innovation is important, and companies should be prepared to enter new markets.

View

Innovation Test with the Innovator Scorecard Assessment - Innovation

Take the Innovator Scorecard assessment to self-assess your leadership for innovation. The test covers six dimensions and offers suggestions to improve your innovation behaviors.

View

Are You Retweeting in Real Life?

Retweeting great content on social media channels is not enough. Mike Brown encourages people to also incorporate these strategic perspectives into their business conversations and presentations.

View