Running Head: METRICS 1
7-2 Short Paper: Metrics for Innovation
MBA 580
November 28,2021
SNHU
METRICS 2
The measurement of innovation is considered to be of paramount necessity as it can help
to improve creativity (McKinsey & Company, 2021). Some of the metrics that have been
presented are
Metric Evaluation
No. of active projects Insubstantial indicator of innovation – It does not
guarantee success in the innovative initiative.
R&D budget Substantial indicator of innovation – It could
influence innovation effectiveness.
R&D headcount Insubstantial indicator of innovation - It does not
guarantee success in the innovative initiative.
% of sales from products introduced in
the past four years
Substantial indicator of innovation - It is a sign of
innovation effectiveness.
No. of new products launched in the past
four years
Substantial indicator of innovation – It is a sign of
innovation effectiveness.
