MEASUREMENTS AND INCENTIVES THAT SUPPORT INNOVATION

MEASUREMENTS AND INCENTIVES THAT SUPPORT INNOVATION
ABSTRACT
This paper focuses on the practical elements and tools that will make innovation work. If we want to encourage behaviour, in general, we must communicate our expectations very explicitly to everyone involved, attach metrics to them, measure the achievements, and make sure there are incentives for those who outperform. Designing measurements and incentives for innovation could be very complicated and challenging task and may include many elements for consideration; this practical aspect of “making innovation work” is broadly discussed in this paper.
CHAPTER ONE: MEASURING INNOVATION
“What gets measured gets done” declare Davila, Epstein, & Shelton (2006, p.145). Economists use fina View the rest of this article