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Advanced Guide: How to Set Innovation Metrics

Published by: Futurethink

Published: Jan. 1, 2008 - 19 Pages


Table of Contents


Introduction: How Are You Measuring the Health of Your Innovation Efforts?

Role Models: Examples of metrics from leading innovators

Starting Out: Things to Consider Before you Begin

Step 1: Select Your Innovation Metrics

Instructions: Tips to Select your Innovation Metrics

Step 2: Create Goals

Filled-In Example

Jumpstarts: Tips to Bring Innovation to Life

Blank Worksheets

Sources and References

Abstract

Choose from over 30 metrics to track your innovation efforts. Setting metrics for your innovation program is perhaps one of the most critical decisions you will make. Metrics help calibrate your efforts and offer a clear path for remedy. You'll know what's working in your efforts, what's not working, and how to modify or tweak your program. This 19-page Tool will help you identify the right set of metrics to select for your organization.

What You Can Do with this Tool:
* See how leading companies Whirlpool, GE, P&G, and Novartis use metrics in their innovation efforts.
* Discover the mistakes that many organizations make while selecting innovation metrics.
* Get a list of over 30 specific metrics to help narrow down your search .
* Use a filled-in example and instructions to use the tool more effectively.
* Get some practical tips on how to make metrics more effective.

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