Return on Innovation Investment
2 July 2021
Return on Innovation Investment measures the returns generated from investments in innovation.
Return on Innovation Investment = [(Net Profit from new products and services) – (innovation costs for these products and services)] / (innovation costs for these products and services)
This indicator is included in the book: Key Performance Indicators – the 75+ measures every manager needs to know, which contains an in-depth description of this KPI, as well as practical advice on data collection, calculations, target setting, and actual usage.
Related Articles
Should We Stop Developing AI For The Good Of Humanity?
Almost 30,000 people have signed a petition calling for an “immediate pause” to the development of more powerful artificial intelligence (AI) systems.[...]
5 Amazing Ways How Meta (Facebook) Is Using Generative AI
Less than two years ago, Meta – the parent company of Facebook – announced plans to go "all in" on virtual reality and the metaverse.[...]
Stay up-to-date
- Get updates straight to your inbox
- Join my 1 million newsletter subscribers
- Never miss any new content
Social Media