• Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Be the first to comment
    Be the first to like this
No Downloads

Views

Total Views
629
On Slideshare
0
From Embeds
0
Number of Embeds
1

Actions

Shares
Downloads
9
Comments
0
Likes
0

Embeds 0

No embeds

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
    No notes for slide

Transcript

  • 1. 3 tips to measure innovation
  • 2. Tip # 1 Measure input
  • 3. Number of man hours allocated to innovative activities in month x Total number of man hours in month x = Y %
  • 4. Money invested in innovative activities in month x Total sales of the company in month x = Y %
  • 5.  Measure the number of ideas generated per time unit, for example per month.  Measure the number of hours per time unit that a person spends on trying out new things. Other methods to measure input
  • 6.  Measure the number of hours per time unit, for example per month, that a person watches presentations about innovation on the Internet.  Measure the number of creative people that a person follows on social media. Other methods to measure input
  • 7. Tip # 2 Measure output
  • 8. Sales from new products / services in year x Total sales of the company in year x = Y %
  • 9.  Measure costs saved per time unit, for example per month, due to new idea.  Measure the return on investment on capital invested in innovative activities.  Measure the change in a company’s market value per time unit. Other methods to measure output
  • 10.  Measure the number of new products/services launched per time unit, for example per 3 months.  Measure the number of new customers per time unit, for example per 3 months.  Measure percentage of ideas implemented. Other methods to measure output
  • 11. Tip # 3 Measure the process
  • 12. The number of ideas that are implemented The total number of ideas developed = X %
  • 13.  Measure the time it takes from the day an idea is suggested to the day that a resulting service / product is used by a customer.  Measure the number of barriers that a person experiences between the day he/she communicates the idea to the day that the product / service is launched.  Measure the number of times that a person with a new idea gets praise from other people until the product / service is first used by a customer. Other methods to measure the process
  • 14. Some sources http://www.associatedcontent.com/article/2817678/how_to_evaluate_ideas.html?cat=55 http://www.associatedcontent.com/article/2545291/what_are_the_best_metrics_for_measuring. http://blog.thinkforachange.com/2011/01/14/measuring-ideas.aspx http://creatingminds.org/tools/tools_selection.htm http://innovateonpurpose.blogspot.com/2011/03/criteria-for-your-idea.html http://www.innovationmanagement.se/2011/10/10/measuring-for-innovation %E2%80%93a-guide-for-innovative-teams/ http://www.mixprize.org/story/crafting-one-of-worlds-largest-ideapreneurship http://www.realinnovation.com/content/c080811a.asp