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Innovation Scorecard: A Balanced Scorecard for Measuring the Value Added by Innovation

  • Nelson Gama
  • Miguel Mira da Silva
  • José Ataíde

In the last few years, organizations were compelled to innovate just to stay competitive. However, the value added by that innovation is rarely measured. At the same time, the Balanced Scorecard (BSC) became popular as a tool to measure business performance. Unfortunately, the traditional BSC is not appropriate to measure the value added by innovation.

In this paper we propose an Innovation Scorecard based on innovation metrics and the traditional BSC in order to measure the value added by innovation and also guarantee the alignment with the organization strategic objectives. We are currently developing a pilot for a large industrial company that demonstrates how the proposal can be applied in practice.

Keywords

Innovation Project Harvard Business Review Strategic Objective Sustainable Competitive Advantage Balance Scorecard 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media, LLC 2007

Authors and Affiliations

  • Nelson Gama
    • 1
  • Miguel Mira da Silva
    • 1
  • José Ataíde
    • 2
  1. 1.Instituto Superior TécnicoPortugal
  2. 2.Grupo Portucel SoporcelPortugal

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