Innovation Metrics vs Execution Metrics — Strategyzer
At Strategyzer, we are currently working on an innovation metrics project with three large multinational companies. In the table below we sketch out the challenges these companies face when distinguishing between execution and innovation metrics.
With the table below we want to emphasize that it’s critical for companies to design a set of metrics specifically dedicated to innovation projects.
The most difficult one to “sell” is the mindset that (in innovation projects) the “cost of failure” is a positive investment in learning. In execution, the “cost of failure” is just a bad thing.