Metrics and Innovation in Transforming Organizations

Metrics and measures tailored for an organization are crucial for driving innovation of products. Successful companies use these metrics as a basis for continuous improvement and learning, guiding them in enhancing product development cycles and innovation efforts. An example is the Gorilla Glue Company, which transformed by implementing innovation processes, changing culture, and developing new capabilities, resulting in significant growth. They applied for and won the Outstanding Corporate Innovator Award by focusing on key areas that distinguish innovative companies.