Phil McKinney the now ex-CTO of HP describes
6 ways to measure innovation. The six metrics include
- % of Revenue Spent on R&D
- R&D Impact = Gross Margin / R&D Spend
- % of Revenue From Products Launched In The Last XX Years
- Patent quality
- % of Time Executives Spend on Innovation
- R&D Spend – Follow The Money
Instituting these metrics would seem to be very useful in making a company much better at build the next new thing.