How do you know if the efforts that your organization is investing in innovation are delivering the expected results? And what results were you actually expecting? The question of indicators and metrics is, in my experience, the biggest barrier that companies face when deciding to engage in an innovation effort, as well as one of the major causes of failure in these attempts.
The trouble starts with a reasonable assumption, i.e. that if you want to control a process and assess its results, you need to measure some aspects of it. But in the case of innovation it is not totally obvious what exactly should be measured, nor how.
Opinions differ widely, but all of them can be roughly placed on a scale running between two extreme views that we can call “business-is-business” and “just do it“.
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