Measuring Innovation
When there is no agreement on what are the important activities an organization should take to meet its strategic targets, goals are left up to chance. This is especially true when speaking about innovation projects. It is necessary to measure innovation at the process and project level and at the portfolio level. This helps ensure alignment among management that the company is taken on the appropriate amount of risk, as well as that the individual projects will take the organization where the strategy dictates. Innovation portfolio metrics assist in the aligning of organizational priorities.
