Your Perfect Assignment is Just a Click Away

Starting at $8.00 per Page

100% Original, Plagiarism Free, Customized to Your instructions!

glass
pen
clip
papers
heaphones

Metrics For Innovation

Metrics For Innovation

Overview

Organizational creativity and innovation have proven to be challenging concepts to measure. There is not a particular output that indicates organizational levels of innovation. To flourish, innovation and creativity must be fostered within the organization. They must be established as cultural values in order for the organization to see the benefits.

Prompt

Write a paper evaluating business metrics for innovation. Although business metrics generally measure symptoms or outputs of an organization’s culture, we can find correlations between some business metrics and the quality of an organization’s innovation culture. Review the table shown below and answer the following questions.

  • Consider the metrics in the table and evaluate if each is a good measure of innovation and creativity.
    • Is the number of active products an indicator of innovation, or an indicator of whether the innovation is incremental or discontinuous?
    • Is research and development (R&D) headcount an indicator of innovation or labor efficiency?
    • What would it mean if any of these metrics increased over time?
  • Evaluate and select which company (INAGG, Inc. or AMMB, Inc.) is most likely to have a culture that supports innovation and creativity.
    • How might non-R&D staff time dedicated to experimenting with new products be an indicator of an innovation culture?
    • What are some scenarios in which having more patents would not be a good indicator of an innovation culture?
  • Discuss the ability, and limitations, of metrics such as the ones in the table and business intelligence (BI) to measure the ability of an organization to innovate or support employee creativity.
    • What are the limitations of the metrics that you think are the best indicators of innovation culture?
    • Could some of the limitations be avoided by using a combination of metrics?
    • How could business intelligence be used to evaluate limitations of metrics?

    MetricINAGG, Inc.AMMB, Inc.Number of active projects126Research and development (R&D) budget$10M$14MR&D headcount5233% of sales from products introduced in the past four years15%35%Number of new products launched in the past four years73Employee time dedicated to experimenting with new productsNot tracked10%Number of patents in the last four years723

Note: Both companies are in the same industry and make similar products. They have the same number of total employees, revenue, and length of time in business.

Guidelines for Submission

Submit a two-page Word document with double spacing, 12-point Times New Roman font, and one-inch margins. You are not required to use sources; however, if you choose to use sources, they should be cited in APA format. Consult the Shapiro Library APA Style Guide for more information on citations.


"Place your order now for a similar assignment and have exceptional work written by our team of experts, guaranteeing you A results."

Order Solution Now

Our Service Charter


1. Professional & Expert Writers: Eminence Papers only hires the best. Our writers are specially selected and recruited, after which they undergo further training to perfect their skills for specialization purposes. Moreover, our writers are holders of masters and Ph.D. degrees. They have impressive academic records, besides being native English speakers.

2. Top Quality Papers: Our customers are always guaranteed of papers that exceed their expectations. All our writers have +5 years of experience. This implies that all papers are written by individuals who are experts in their fields. In addition, the quality team reviews all the papers before sending them to the customers.

3. Plagiarism-Free Papers: All papers provided by Eminence Papers are written from scratch. Appropriate referencing and citation of key information are followed. Plagiarism checkers are used by the Quality assurance team and our editors just to double-check that there are no instances of plagiarism.

4. Timely Delivery: Time wasted is equivalent to a failed dedication and commitment. Eminence Papers are known for the timely delivery of any pending customer orders. Customers are well informed of the progress of their papers to ensure they keep track of what the writer is providing before the final draft is sent for grading.

5. Affordable Prices: Our prices are fairly structured to fit in all groups. Any customer willing to place their assignments with us can do so at very affordable prices. In addition, our customers enjoy regular discounts and bonuses.

6. 24/7 Customer Support: At Eminence Papers, we have put in place a team of experts who answer all customer inquiries promptly. The best part is the ever-availability of the team. Customers can make inquiries anytime.