How can you quantify innovations?

When you have results of a research before hand then you start thinking to do something better may be economically, quality wise, time technique , efficiency and effectiveness. Taking earlier research/results as baseline and putting something new and different from earlier which would be better than previous one . Then you can measure in every aspect either quality, technology, effectiveness by developing certain indicators which can calculate/show degree of percentage in improvement of new technique/innovation.

Dear Daruisz,

Some years ago I developed a metrics on innovations which looks like an standing open -- one size in Novelty, the second size is the Magnitude of Change, and the particular pages are functional areas in which innovations are applied. The text around page 83 in the enclosed document is in Russian but you can use google translation.

Bests,

Igor Gurkov

I forgot to add one word - " a metrics on innovations which looks like a standing open BOOK".

There are many indicators for innovation climate in organization, for instance:

1. How many ideas organization generate?

2. How many ideas become innovation?

3. Budget for innovations;

4. Budget for education and training;

5. Revenue from innovation...

Dear Dariusz,

iI did a lot of work in quantifying innovation based on remarkable ideas. After a lot of years experience I have the opinion that this never can be done seriously. If you have a market feedback when positioning your idea or product, you easily can quanitify it by the money reflow. So this is the easy answer on your question.

But coming back to your question that should be changed from my opinion to: "

What does that mean:

In any case you need a "Greenhouse Evironment" and people or management that believes in your exceeding creativity which allows you to adapt the idea and its realization to the need of the customer in a consequent feedback process.

That's from my experience the only way to create a need in the market.

So consequently we have to ask a second questions adressed to investors and the upper managemant of companies:

"What will you do to promote the nearly endless innovation potential within your staff without using commericial criteria based on an unknowing market"

Wirth best regards :-)

Michael

Dear friends, I do enjoy this discussion about measuring innovation....especially the post by Igor GurkovAdded an answer.....Dear Daruisz,Some years ago I developed a metrics on innovations which looks like an standingopen -- one size in Novelty, the second size is the Magnitude of Change, and theparticular pages are functional areas in which innovations are applied. T​h​… Read more

In the light of the above, there were interesting considerations, answers and conclusions that may be an inspiration to continue research in this area.

It seems to me that it is good that there was a discussion in the question of this question. The answers given are very inspiring. Therefore, I am still reading the answers, following the interesting discussion.

Thank you for your answers and I encourage you to continue your discussion, to continue the interesting discussion.

'Quantitative' & 'Qualitative' measurement of 'Innovation' of a system is via 'Publications' or 'Patents' as any 'Organisation'/'Institute'/Nation potential is predicted by abovementioned parameters and no other parameters as per my understanding

Number of new marketed products, R&D investment..these are usual measures.

Measures aimed at the number of researchers, resources, patents, articles, congresses, equipment and profitability are more correlated with financial performance. A R&D project can have its innovative result - perceived improvement in a product or process - years later, maybe even a decade. The utility may not be perceived initially, but from interactions and social and economic evolution the utility may emerge, as at this moment they are occurring with the platforms of interaction at a distance. Therefore, it is important to reconcile objective factors (more correlated with financial performance) with the procedural factors of innovation. In the latter, the individual in an organizational context develops his innovative potential under influences internal and external to the organization. There is no doubt that performance in innovation is a broad topic that crosses several fields of science.

Hello Dear Everyone, Thank you for answering: How can you quantify innovations? - and for providing various methods of measuring innovation.

Best regards,

Dariusz Prokopowicz

Dear Russencleyton Costa,

That's right. The system for measuring the level of innovation should take into account many factors, domains, sectors and industries in which innovations arise and which determine innovation. The analytical model used to measure innovation should therefore take into account many factors.

Regards,

Dariusz Prokopowicz

Dear Shurooq Talab Jaafar,

Thank you for your answer regarding the issue of scientific article innovation.

Regards,

Dariusz Prokopowicz

Innovation is considered superior to inventions, so in my opinion 'Quantitative' & 'Qualitative' measurement of 'Innovation' is complicated to achieve when the researcher is focused on inventions and not on their implementation. I think that in the future, thanks to the information system that is constantly rising, this will be easier to achieve. An example would be the one based on citations in relation to scientific papers.

Dear Rodion Ciuperca,

Thank you for your response. You highlighted the important issue of the difficulty of measuring the level of innovation. You added to our discussion an interesting concept of combining quantitative and qualitative aspects of measuring innovation.

Regards,

Dariusz Prokopowicz