Innovations KPIs and Strategy Map |
This is a strategy scorecard for innovations. Use it as an example/template to describe your innovations strategy. The scorecard is based on the "How to Measure and Manage Innovations with KPIs" article available https://bscdesigner.com/innovation-kpis.htm |
77%
|
180,063.98
|
Finance |
|
73.04%
|
600,033.04
|
Achieve Financial Sustainability |
|
73.04%
|
600,033.04
|
Idea generating and capturing budget |
|
75%
|
300,000
|
Hypothesis testing budget |
|
77.78%
|
1,400,000
|
R&D budget |
|
83.61%
|
10,200,000
|
Increasing revenue |
|
66.07%
|
66.07
|
Revenue from new projects |
|
75%
|
3,600,000
|
Royalty income |
|
57.14%
|
400,000
|
Value for the external clients |
|
85%
|
85
|
Cutting costs |
|
80%
|
1,200,000
|
Costs optimized |
|
80%
|
1,200,000
|
Value for the internal clients |
|
80%
|
80
|
Customers |
|
82.5%
|
82.5
|
Value for the external clients |
|
85%
|
85
|
Perceived value metric (external clients) |
|
85%
|
85
|
Pipeline for innovations |
|
71.95%
|
71.95
|
Value for the internal clients |
|
80%
|
80
|
Perceived value metric (internal clients) |
|
80%
|
80
|
Pipeline for innovations |
|
71.95%
|
71.95
|
Internal processes |
|
71.95%
|
71.95
|
Pipeline for innovations |
|
71.95%
|
71.95
|
Innovation pipeline index |
|
84%
|
84
|
Involve stakeholders in idea generation |
|
63.45%
|
63.45
|
Diversity of ideas sources |
|
41.18%
|
7
|
Number of touch points with stakeholders |
|
85.71%
|
12
|
Line-level employee capabilities |
|
78.25%
|
71.5
|
Develop behavior patterns focused on innovation |
|
70%
|
70
|
The number of improvement points found during the review |
|
70%
|
56
|
Behavior change metric |
|
70%
|
70
|
Management capabilities |
|
75.67%
|
62
|
Idea process |
|
77.59%
|
47.6
|
Innovative ideas are generated and collected |
|
66.67%
|
8
|
Ideas generated |
|
66.67%
|
8
|
Ideas are discussed |
|
88.89%
|
80
|
Idea to systematic discussion rate, % |
|
88.89%
|
80
|
Hypotheses are formulated |
|
66.67%
|
40
|
Discussion to hypothesis rate, % |
|
66.67%
|
40
|
Hypotheses are tested |
|
80%
|
80
|
Hypothesis to tested hypothesis rate, % |
|
80%
|
80
|
Hypotheses are scaled and implemented |
|
85.71%
|
30
|
Tested hypothesis to implemented rate, % |
|
85.71%
|
30
|
Involve stakeholders in idea generation |
|
63.45%
|
63.45
|
Develop behavior patterns focused on innovation |
|
70%
|
70
|
Learning and Growth |
|
76.96%
|
66.75
|
Line-level employee capabilities |
|
78.25%
|
71.5
|
% of employees who passed training for innovation |
|
73%
|
73
|
Training engagement index, % |
|
80%
|
80
|
Minimal training exam score rate, % |
|
90%
|
63
|
Innovation training behavior change index |
|
70%
|
70
|
Management capabilities |
|
75.67%
|
62
|
Innovation engagement and sponsorship index |
|
73.33%
|
46
|
Time spent on discussing hypothesis |
|
66.67%
|
12
|
Tools and funds availability |
|
80%
|
80
|
Practical innovation training score |
|
78%
|
78
|