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    Viewpoints Cino Responsibility 2 Measure

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    The Chief Innovation Officer's second responsibility is to measure innovation results. Measuring innovation is challenging due to issues in defining and aggregating data on new products from different business units. However, business intelligence software tools can help normalize and aggregate data from various systems and provide custom dashboards to track key innovation metrics in real-time, allowing the Chief Innovation Officer to monitor results for executive teams.

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    Viewpoints Cino Responsibility 2 Measure

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    The Chief Innovation Officer's second responsibility is to measure innovation results. Measuring innovation is challenging due to issues in defining and aggregating data on new products from different business units. However, business intelligence software tools can help normalize and aggregate data from various systems and provide custom dashboards to track key innovation metrics in real-time, allowing the Chief Innovation Officer to monitor results for executive teams.

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    Viewpoints Cino Responsibility 2 Measure

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    The Chief Innovation Officer's second responsibility is to measure innovation results. Measuring innovation is challenging due to issues in defining and aggregating data on new products from different business units. However, business intelligence software tools can help normalize and aggregate data from various systems and provide custom dashboards to track key innovation metrics in real-time, allowing the Chief Innovation Officer to monitor results for executive teams.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    20 views2 pages

    Viewpoints Cino Responsibility 2 Measure

    Uploaded by

    hareb_d
    The Chief Innovation Officer's second responsibility is to measure innovation results. Measuring innovation is challenging due to issues in defining and aggregating data on new products from different business units. However, business intelligence software tools can help normalize and aggregate data from various systems and provide custom dashboards to track key innovation metrics in real-time, allowing the Chief Innovation Officer to monitor results for executive teams.

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    of 2

    VIEWPOINTS ON INNOVATION

    Innovation Officer Responsibility #2:


    Measure
    by Bill Poston

    While the first responsibility of the Chief Innovation Officer is to deliver improved business results from innovation, the only way to
    prove that is to measure those results. The Chief Innovation Officer should gladly accept responsibility to lead the measurement
    and analysis of innovation results.

    Measuring innovation results is a challenging task in a global organization. Even a simple metric like percent of revenue from
    new products is fraught with issues and difficult questions. What do you count as a new product and for how long? Do you start
    the clock at first launch or first launch in each market? How do you aggregate data from dozens of ERP systems using different
    product numbers, currencies and units of measure?

    The technical capabilities available in the latest enterprise-class business intelligence software tools can help with the
    aggregation and normalization process. These systems can also create custom dashboards that serve up summary information in
    real-time. An innovation dashboard is an invaluable tool for the Chief Innovation Officer to keep the executive teams attention
    focused on delivering results.

    More in this series:


    The Chief Innovation Officer: Is It CIO, CNO, or CINO?

    Innovation Officer Responsibility #1: Business Results

    Innovation Officer Responsibility #2: Measure

    Innovation Officer Responsibility #3: Formulate Strategy

    Innovation Officer Responsibility #4: Identify Threats and Opportunities

    Innovation Officer Responsibility #5: Shape the Portfolio

    Innovation Officer Responsibility #6: Cultivate Breakthroughs

    Innovation Officer Responsibility #7: Evolve Competencies

    Innovation Officer Responsibility #8: Nurture Culture

    Originally published on www.thechiefinnovationofficer.com?


    Originally published on April 15th, 2014

    What's your view? Add your question or comment

    Bill Poston
    [email protected]
    For the past 20 years Bill has helped
    executives in technology-driven
    industries transform their
    competencies to deliver results. He is
    a highly regarded consultant, speaker,
    and writer on the topics of innovation
    strategy, product development,
    portfolio management, technology
    commercialization, and the software
    systems that enable innovation. Keep
    up with Bill's latest research and
    thoughts on innovation and the rising
    role of the Chief Innovation Officer at

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