Description

Innovation ROI is difficult to measure for organizations. It is a complex system with many inputs, outputs, stakeholders, and milestones. Without a clear understanding of the overall system’s performance toward a specific aim, it can be difficult to manage, predict and finance your innovation efforts. This IRI PILOT project team is working to determine the best practices for measuring the ROI of innovation. Specifically including WHAT to measure, WHEN to measure and HOW to go about collecting the data in a way that is reliable and systematic.