The Trouble with Measuring Innovation
Measuring innovation—how much is taking place and the value it’s producing—remains a challenge for many companies. The metrics they use to evaluate innovation can sometimes be misleading.
Some metrics, such as the number of new ideas in various stages of development, can overestimate the innovation that is actually taking place inside a company. Other metrics, such as revenue derived from innovations, may not pick up the indirect business value certain ideas create. Read More
(via The Trouble with Measuring Innovation - Deloitte CIO - WSJ - Image source)
In the nonprofit world, things don’t turn out to be so different than in places like Wall Street.