Measuring radical innovation in real time

Abstract

As Leifer et al. have argued, the management of radical innovation projects necessitates different strategies and practices, including different ways of measuring performance. This paper discusses our efforts to explore indicators of progress for radical innovation in basic and applied research and technology development at both the project and programme levels. The paper provides examples of our work with scientific research projects in two research organisations to develop real-time indicators of the research progress. Finally, it is argued that the continued development of similar indicators can play an important role in managing research to achieve radical innovation.

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