10 Key innovation figures

Although the measurement of innovation is complex, this is precisely the reason to address it. There is a high number of key figures and they all have their power of expression and therefore their ability to be controlled. They provide indications, tendencies and transparency with regard to innovation activity and thus impulses as to where the levers can be applied. Strategic orientation is also relevant here. There should always be a link between the strategic purpose of the innovation activity and its key figures.

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Although the measurement of innovation is complex, this is the reason to address it. There is a high number of key figures and they all have informative value and therefore control possibilities.

Indicators for measuring individual projects or innovations are closely linked to project management and the financial benefit calculation.

As an orientation aid for comparison with other companies, the key figure Time to Market measures the time required from the initial idea to the marketing of the product - time of official availability in the trade/market.

Innovation Paper