measuring innovation

Getting a Better Return on Your Innovation Investment

In its latest Global Innovation Excellence Study Arthur D. Little provides hard evidence on which innovation practices separate top innovators from others within and across a wide range of industries. The study zooms in on the relationship between innovation success - based on impact of innovation - and innovation performance - based on a comprehensive framework which breaks down innovation activity into different areas and looks at adoption of best practices in each – and is available as an online toolkit. The toolkit is readily accessible and provides valuable feedback on innovation performance as measured against peers, including opportunities for improvement.

Ideascale2021-12-05T16:34:26-08:00April 22nd, 2013|Categories: Enabling Factors, Strategies|Tags: benchmark study, benchmarking, Best Practices, business intelligence, idea management, in-depth article, industry innovation, innovation excellence framework, innovation investment, Innovation Strategy, innovation success, innovation toolkit, innovation value, measuring innovation, performance, profit, research, ROI|

Measuring Innovation part 2: Dark Innovation

Many activities in organizations that are considered innovative risk being missed if we solely use the standard toolkit to measure innovation. In this article we will look at three types of scales that measure intangible aspects of innovation that are easily added to the toolkit of any organization.

Ideascale2019-10-15T15:13:37-07:00April 4th, 2013|Categories: Innovation Psychology, Organization & Culture|Tags: dark innovation, Innovation Culture, Innovation Management, innovation outcomes, intangible activities, measure innovation, measuring innovation|

How to Emerge from Crisis by Knowing your Innovation Growth Opportunities & Competitors’ Strengths

Companies sometimes behave like the ostrich with their head in the ground while others emerge from the crisis like a phoenix. Not knowing with which new products or services your company really earns money is a bit like the ostrich. However there are effective means to gain transparency on innovation spending without too much effort. These tools also allow a comparison with your competitors to understand what they are doing differently in their approach to successfully managing their innovation activities. Finally, they help companies which currently struggle with the economic situation to become more effective and efficient in their innovation management.

Ideascale2021-12-05T09:40:52-08:00February 28th, 2013|Categories: Strategies, Support for SMEs|Tags: benchmarking, Competition, competitiveness, crisis management, in-depth article, Innovation Culture, Innovation Strategy, measuring innovation, portfolio management, project management, SME, strengths and weaknesses, transparency|

Measuring Innovation part 1: Frequently Used Indicators

One of the most common questions people ask me is how I measure innovation when conducting my research. The question echoes an underlying concern about how innovation can be captured and adequately measured. In this article I delineate the most frequently used innovation indicators, their strengths, and their drawbacks.

Ideascale2021-12-05T09:35:55-08:00February 15th, 2013|Categories: Innovation Psychology|Tags: Best Practices, in-depth article, measure innovation, measuring innovation, research|

The Supremacy of Innovation

Successful programs like TQM, Balance Scorecard and Six Sigma dramatically improve quality and performance. They are designed to rightfully calibrate the hard asset issues of production. There is a serious lack of three dimensional modeling for soft issues, like innovative thinking and the dimensions of the core vision itself enveloping all production issues. These image supremacy rules challenge current methods and offer checklists to assess the need of newer, softer and special agenda-centric approaches.

Ideascale2021-12-05T09:35:41-08:00February 11th, 2013|Categories: Leadership, Strategies|Tags: balance scorecard, Best Practices, Communication, Innovation Culture, innovative thinking, leadership, measure innovation, measuring innovation, six sigma, soft skills, vision|

Using the 6 W’s to Measure R&D and Innovation

“What cannot be measured cannot be managed”. The pressure to measure the results of innovation is gaining ground, but has been a challenge for many innovation managers. To get past this challenge, Caspar van Rijnbach suggests using the six W’s to define the right measurements for you.

Ideascale2021-12-03T14:42:14-08:00August 2nd, 2012|Categories: Evergreen|Tags: analytics, Innovation Strategy, innovation value, measure innovation, measuring innovation, R&D, Stakeholders|

Innovate to Scale

Like a pair of jeans, the difference between a successful innovation and something tight and uncomfortable often comes down to size. A broadening global view of efficiency has increased the importance of scale when it comes to new projects and innovators should take into account social and environmental considerations when determining the scale of their innovations.

Ideascale2021-12-02T18:17:09-08:00March 29th, 2012|Categories: Enabling Factors|Tags: economy, efficiency, environment, globalization, governance, measuring innovation, scaling, waste management|

A New Approach to Manage Disruptive Innovation in an Environment of High Uncertainty

Existing methods for the management of innovation projects have a low probability of success in the development of radical or disruptive innovations. A new spiral approach has been developed that provides the balance of flexibility and control needed for a repeatable and successful approach to disruptive innovation.

Ideascale2021-12-02T18:14:48-08:00March 19th, 2012|Categories: Strategies|Tags: agile innovation, disruptive innovation, Failure, framework, incremental innovation, innovation analysis, measuring innovation, product innovation, risk management, spiral system, Success, uncertainty|

Measuring the Practice of Collaborative Innovation

Developing and supporting the practice of collaborative innovation takes time and money. What do we assess to weigh its value? In this article innovation architect Doug Collins proposes focusing on strategic alignment of the program, relative advantage of the ideas, and engagement of the community members.

Ideascale2021-12-02T18:12:01-08:00March 6th, 2012|Categories: Collaborative Innovation|Tags: business strategy, collaborative innovation, community, customer engagement, innovation framework, Innovation Management, Innovation Strategy, innovation value, measure innovation, measuring ideas, measuring innovation, organization strategy, Stakeholders, Teamwork|

How to Solve 7 Challenges in Employee Driven Innovation

The collective wisdom of your co-workers is a huge asset in the fuzzy front end. But which challenges do you need to address and solve in order to create a structured and effective employee driven innovation process? Read more about a method using idea markets as a powerful incentive. And it has already proven its worth in a number of large Scandinavian companies.

Ideascale2021-12-02T16:24:26-08:00October 20th, 2011|Categories: Strategies|Tags: Best Practices, company culture, cross-communication, employee driven, employee driven innovation, Employee Engagement, employee motivation, front end of innovation, HR, idea campaign, idea evaluation, idea management, Ideation, Innovation Culture, Innovation Management, innovation metrics, innovation success, measuring innovation, motivation, performance, Problem Solving, team management|

Measuring for Innovation – A Guide for Innovative Teams

As innovation is a necessity for any organization today, the ability to assess and measure the progress and impact of your innovation efforts might be a true source of competitive advantage. This in-depth article offers fresh experiences, best practice and insights from how a number of multinational companies within the MedTech, telecom and manufacturing industries are working with establishing and implementing innovation measurement programs.

Ideascale2019-10-15T15:09:28-07:00October 10th, 2011|Categories: In-Depth Article, Organization & Culture, Strategies|Tags: how to, in-depth article, innovation life cycle processes, Innovation Management, innovation metrics, measure innovation, measuring innovation, research, whitepaper|

How to Increase Your ROI by Measuring and Managing Your Innovation

Studies have shown that companies’ return on innovation (ROI) or hit rate is somewhere between 2-10%. That is another way of saying that around 90% of all innovation efforts are never commercialised or used in general. Jørn Bang Andersen, senior advisor to the Nordic Innovation Centre (NICe), presents a NICe case study on possible ways to dramatically change that.

Ideascale2019-10-15T15:08:31-07:00July 13th, 2011|Categories: Strategies|Tags: brainstorming, case study, in-depth article, Innovation Management, innovation metrics, innovation radar, innovation research, innovation value, measuring innovation, nordic, process improvement, ROI|

Action Plan for Rapid Innovation – Part 2

At Orange, the international mobile and fixed carrier issued from France Telecom, there is a strategy to diversify the services it offers to its users and has set up Orange Vallée as an external entity to drive innovation. Nicolas Bry tells us more about how the system works.

Ideascale2021-12-02T15:20:56-08:00June 2nd, 2011|Categories: Strategies|Tags: creative thinking, customer engagement, engagement, framework, goals, impact assessment, innovation drivers, innovation goals, Innovation Management, innovation method, innovation metrics, innovation networks, innovation planning, Innovation Strategy, innovation timeline, measuring innovation, methodology, Open Innovation, project management, rapid innovation, rapid innovation cycle, speed of innovation, strategies|

What is Lens Shifting and How Can it Help You Shape Your Innovation Strategy?

Measuring innovation is tough on most counts – unless you happen to be lucky enough to create new blockbuster products. One way to make strategy easier to frame and guide is to have a set of leading indicators telling you if your innovation efforts are working out. Deb Mills-Scofield looks at how to set up the lead indicator process through 'Lens Shifting'.

Ideascale2021-12-02T15:17:05-08:00May 18th, 2011|Categories: Strategies|Tags: innovation metrics, Innovation Strategy, leading indicators, lens shifting, measuring innovation, process improvement, team development, Teamwork, training|

Modeling the Resource Requirements for your Collaborative Innovation Program

The cost of doing innovation is a key factor in enterprise decision making but open innovation and collaborative innovation have a short history – so how do you go about modeling the cost of launching a collaborative or open innovation program? Doug Collins lays out the territory.

Ideascale2021-12-02T15:17:04-08:00May 17th, 2011|Categories: Collaborative Innovation, Life Cycle Processes, Open Innovation|Tags: challenge driven innovation, collaborative innovation, community, cost of development, Crowdsourcing, Ideation, ideation challenge, innovation challenge, innovation champion, innovation costs, Innovation Management, innovation success, measuring innovation, Open Innovation, resource management, resources, supply and demand|