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Home > Quality, Improvement & Innovation > Innovation

Innovation is the process of converting knowledge and ideas into better ways of doing business or into new or improved products and services that are valued by the community.

Key Performance Indicators in this category

Time-to-market of new products/services
Time-to-market of new products/services. The time it takes from the time a product is envisioned or defined until it is on store shelves.

This KPI is most used for:
Operational Excellence
Listed in:
Software development, Innovation, R&D, VRM Project & Programs
Time-to-market of changes to existing products/services
Time-to-market of changes/improvements to existing products/services. The time it takes from the time a product is envisioned or defined until it is on store shelves.

This KPI is most used for:
Operational Excellence
Listed in:
Software development, Innovation, R&D
R&D spend as % of revenue
Research and development activities spend as percentage of revenue.

This KPI is most used for:
Cost Leadership
Listed in:
Innovation, VRM Product
by Brendan Dunphy
% of sales from products launched previous year
Percentage of sales from products launched previous year.

This KPI is most used for:
Product/Service Differentiation
Listed in:
Sales, Innovation
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