Innovation

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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

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

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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

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R&D spend as % of revenue

Research and development activities spend as percentage of revenue.

by Brendan Dunphy

This KPI is most used for: