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.

% of sales due to launched product/services
Percentage of sales due to product/services launched in previous period (e.g. the past year).
R&D spend as % of revenue
Research and development activities spend as percentage of revenue.
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.
Ratio of number of concepts to actual products
Ratio of number of concepts to actual products introduced into the market.
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