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.
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Bernard Marr is a world-renowned futurist, influencer and thought leader in the fields of business and technology, with a passion for using technology for the good of humanity.
He is a best-selling author of over 20 books, writes a regular column for Forbes and advises and coaches many of the world’s best-known organisations.
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Bernard’s latest book is ‘Generative AI in Practice’.
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