The 4 KPIs to track in innovation accounting

Alex Osterwalder
May 16, 2018
#
 min read
topics
Business Strategy

We’ve just finished an innovation metrics project with a consortium of three multinational companies and an SME. In this post we share an insight into the four key performance indicators (KPIs) we’ve started to put forward to track innovation projects.

The image above is a prototype of what you need to track during an innovation project. We’ll explain in more detail in subsequent blog posts and our new book project. In the meantime let me highlight the four KPIs  every innovation project should track:

     
  • Risk & Uncertainty: How much have we de-risked an idea so far? How much risk remains?
  •  
  • Potential Profitability: How big might the idea be in financial terms?
  •  
  • Learning Velocity & Time Spent: How much time have we spent so far? How much have you learned during the this time?
  •  
  • Cost: How much have we spent?

If you measure this for one project, or all of your projects, then you have an amazing overview of your progress. Now you’re getting closer to innovation accounting.

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About the speakers

Alex Osterwalder
Entrepreneur, speaker and business theorist

Dr. Alexander (Alex) Osterwalder is one of the world’s most influential innovation experts, a leading author, entrepreneur and in-demand speaker whose work has changed the way established companies do business and how new ventures get started.

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Alex Osterwalder
May 16, 2018
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The 4 KPIs to track in innovation accounting
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The 4 KPIs to track in innovation accounting

May 16, 2018
#
 min read
topics
Business Strategy

We’ve just finished an innovation metrics project with a consortium of three multinational companies and an SME. In this post we share an insight into the four key performance indicators (KPIs) we’ve started to put forward to track innovation projects.

The image above is a prototype of what you need to track during an innovation project. We’ll explain in more detail in subsequent blog posts and our new book project. In the meantime let me highlight the four KPIs  every innovation project should track:

     
  • Risk & Uncertainty: How much have we de-risked an idea so far? How much risk remains?
  •  
  • Potential Profitability: How big might the idea be in financial terms?
  •  
  • Learning Velocity & Time Spent: How much time have we spent so far? How much have you learned during the this time?
  •  
  • Cost: How much have we spent?

If you measure this for one project, or all of your projects, then you have an amazing overview of your progress. Now you’re getting closer to innovation accounting.

related reads
No items found.
The 4 KPIs to track in innovation accounting

We’ve just finished an innovation metrics project with a consortium of three multinational companies and an SME. In this post we share an insight into the four key performance indicators (KPIs) we’ve started to put forward to track innovation projects.

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The 4 KPIs to track in innovation accounting
The 4 KPIs to track in innovation accounting
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Whether you’re looking for more information or you’re ready to start a project, we’re ready to help.
Thanks for your interest in our solutions. We will be in touch with you soon.