Measure and track the impact of your innovation efforts from "summary" of Innovating Innovation by David Morey
To truly understand the effectiveness of your innovation efforts, it is crucial to establish a system for measuring and tracking their impact. This involves setting clear goals and objectives from the outset, so that you have a benchmark against which to compare your progress. By defining specific metrics and key performance indicators (KPIs) related to your innovation initiatives, you can ensure that you are able to accurately assess their success. In addition to determining what to measure, it is important to also consider how you will track these metrics over time. This may involve implementing a system for collecting data on a regular basis, analyzing the results, and making adjustments as needed. By establishing a ...
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