Innovation Performance

Innovation performance is a key driver of business performance. Institutionalizing strategy-driven Enterprise Innovation Management allows you to maximize the impact of your innovation investment portfolio and aligns your investment decisions with performance goals. Intrinsically linked to your organization’s business strategy are the best-practice metrics for measuring performance.

Full visibility and transparency to business and innovation activities, decisions, interdependencies and redundancies allows for informed investment prioritization, and positive impact on key performance metrics:

  • Improved success rate

  • Increased new product value

  • Increased throughput

  • Reduced time to market

  • Reduced cost waste

Align your business needs, goals and strategies with strategic innovation management plans to direct, measure, and communicate these critical performance objectives:

Measuring Innovation

Measuring Innovation

Mission Control

Corporate innovators need metrics to show when they’re delivering impact, and ideally, to gain access to additional resources. But measuring innovation can be challenging. Here’s an example from our partners at Innovation Leader of an innovation framework, along with questions to discuss with your team and executive leaders.

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Aligning Metrics with Strategic Intent

Align Metrics with Strategic Intent

Managing and measuring innovation is complex. The task of determining what to measure is critical, as the metrics used will focus efforts, influence decision-making, and impact the overall performance of innovation portfolios. Explore why you get what you measure when it comes to measuring innovation activities and impact.

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Accolade® can help to increase your ROI and manage innovation, NPD, corporate strategy execution, cost savings, IT PPM (project and portfolio management), mergers & acquisitions, CAPEX, and intellectual property (IP) management initiatives and the associated KPIs.

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