Distance is measured in meters, time counted in seconds, and intelligence assessed by IQ, yet innovation lacks a standard unit of measurement. Stand-in metrics for innovation, seven of which are listed below, help to fill this gap in measuring how new products and new processes have led to longer and better lives.
Those seven metrics are: (1) patents, (2) GDP, (3) energy captured, (4) R&D spending, (5) inventions, (6) urbanization, and (7) a social development index. Let's go through them one by one.
To read the full, original article click on this link: How to measure innovation – Global Public Square - CNN.com Blogs
Author: John Cookson
