Many organizations have top-level goals for innovation but struggle to measure progress toward them. How can you assess the current state of your innovation capability? There are three critical areas to consider.
First, you should measure your ability to fill the pipeline by monitoring the number of new ideas being generated. If you have a suggestions scheme you can scrutinize how many submissions you get each month. If you are canvassing ideas from outside your organization (e.g. through social media, competitions or open innovation) monitor the numbers coming in.
