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Measuring innovation

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Measuring innovation

  1. 1. Measuring innovation<br /><ul><li>What are the most important metrics?
  2. 2. How satisfied are companies with measuring innovation?</li></ul>August 2010<br />
  3. 3. 0<br />Companies are not satisfied with the results of their innovation management and with the measuring of innovation<br />2<br />Percentage of companies which are satisfied with their return on innovation<br />Percentage of companies satisfied withinnovation measurement practices<br />100<br />100<br />100<br />32<br />35<br />37<br />Ø 48<br />53<br />47<br />49<br />18<br />15<br />14<br />2009<br />2008<br />2007<br />2006<br />2005<br />2004<br />2009<br />2008<br />2007<br />No<br />Somewhat<br />Yes<br />Source: BCG<br />
  4. 4. 4<br />Revenue from new products / services is considered to be the most important innovation metric<br />3<br />Percentage of answers to the question: „If your company could select only 3 metrics to measure innovation performance – what would these be?”<br />Revenue from new products<br />Performance (projected vs actual)<br />Allocation of investments across projects<br />Funds invested in growth projects<br />Number of projects that meet planned dates<br />Percentage of ideas funded<br />Average development time per project<br />Number of projects killed at Stage Gates<br />Cannibalization of existing products<br />Source: BCG<br />
  5. 5. About …<br />Frank Matteswww.open-innovators.com<br />More than 15 years of experience in managing projects and innovation<br />Worked for medium-sized national consulting companies as well as for The Boston Consulting Group<br />Worked at C-level for an IT and a Professional Services company<br />Author of several books and articles<br />Currently working at www.hlp-online.de<br />Contact<br />+49-(0)171-6866774<br />frank.mattes@t-online.de<br />4<br />

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