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Metrics in innovation

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Discuss the role of metrics in business innovation. Discuss your role as an employee of the organization in regard to the innovation metrics used to motivate employees to innovate. What innovation metrics should be created to hold leaders and managers accountable for innovation?

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The response discusses importance of metrics in innovation, how employees can increase effectiveness of metrics and what metrics could be used to make managers more responsible to the innovation process.

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Metrics in Innovation

Metrics are the most important yet most neglected elements of innovation. Metrics determine success of innovation, starting from the inception of the program to stages like funding. Metrics are used in different areas to assess the level of systems and processes defined by a set of qualitative and quantitative benchmarks (Sabadka, 2012). They help organizations in continuous improvement the potential of innovation programs.

Steps to include Metrics as Management Tool

Planning: The main aim of innovation is to support business strategy. The aim of metrics should thus ...

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