{"id":84,"date":"2009-02-28T17:49:49","date_gmt":"2009-03-01T00:49:49","guid":{"rendered":"http:\/\/workingknowledge.com\/blog\/?p=84"},"modified":"2023-03-02T21:29:08","modified_gmt":"2023-03-03T03:29:08","slug":"innovation-metrics","status":"publish","type":"post","link":"http:\/\/www.workingknowledge.com\/blog\/innovation-metrics\/","title":{"rendered":"Innovation Metrics"},"content":{"rendered":"

Point<\/strong>: Measure innovation from a variety of lenses, not just one<\/p>\n

Story<\/strong>: The Information Technology and Innovation Foundation (ITIF) conducted a 40-country study of innovation, ranking countries on competitiveness. The ITIF used 16 metrics grouped into 6 categories:<\/p>\n

    \n
  1. Human Capital
    \n* Higher Education Attainment
    \n* Science & technology Researchers<\/li>\n
  2. Innovation Capacity
    \n* Corporate Investment in R&D
    \n* Government Investment in R&D
    \n* Share & Quality of World’s Scientific and Technical Publications<\/li>\n
  3. Entrepreneurship
    \n* Venture Capital
    \n* New Firms<\/li>\n
  4. Information Technology Infrastructure
    \n* E-Government
    \n* Broadband Telecommunications
    \n* Corporate Investment in IT<\/li>\n
  5. Economic Policy Factors
    \n* Effective Corporate Tax Rates
    \n* Ease of Doing Business<\/li>\n
  6. Economic Performance
    \n* Trade Balance
    \n* Foreign Direct investment Inflows
    \n* GDP per Working-Age Adult
    \n* Productivity<\/li>\n<\/ol>\n

    Action<\/strong>: Translate these country-level metrics to your organization. For example, Human Capital<\/strong> metrics: the education level of your employees, the skills employees must have to meet customer needs; Innovation Capacity<\/strong>: how much do you invest in R&D or in innovation? How well do you understand your industry, technology and the specific markets where you compete? Entrepreneurship<\/strong>: do you encourage employees to suggest ideas? Do you have processes in place to evaluate and fund those ideas? IT Infrastructure<\/strong>: do you invest in IT and software to let your employees communicate and collaborate easily? Economic Policy<\/strong>: do you minimize barriers to innovation, like bureaucracy and silos? Economic Performance<\/strong>: how many innovations do you have per employee?<\/p>\n

    For more information, see the ITIF’s report The Atlantic Century: Benchmarking EU & US Innovation and Competitiveness<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

    Innovation Metrics: Measure innovation from a variety of lenses, not just one. Here are 16 metrics. <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[11,12,10],"tags":[29,31,28,30],"class_list":["post-84","post","type-post","status-publish","format-standard","hentry","category-innovation","category-metrics","category-productivity","tag-capacity","tag-competitiveness","tag-human-capital","tag-infrastructure"],"_links":{"self":[{"href":"http:\/\/www.workingknowledge.com\/blog\/wp-json\/wp\/v2\/posts\/84","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.workingknowledge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.workingknowledge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.workingknowledge.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.workingknowledge.com\/blog\/wp-json\/wp\/v2\/comments?post=84"}],"version-history":[{"count":4,"href":"http:\/\/www.workingknowledge.com\/blog\/wp-json\/wp\/v2\/posts\/84\/revisions"}],"predecessor-version":[{"id":2304,"href":"http:\/\/www.workingknowledge.com\/blog\/wp-json\/wp\/v2\/posts\/84\/revisions\/2304"}],"wp:attachment":[{"href":"http:\/\/www.workingknowledge.com\/blog\/wp-json\/wp\/v2\/media?parent=84"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.workingknowledge.com\/blog\/wp-json\/wp\/v2\/categories?post=84"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.workingknowledge.com\/blog\/wp-json\/wp\/v2\/tags?post=84"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}