The New Frontier - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Software // Information Management

The New Frontier

Innovation performance management: Is it a myth... or mandate?

Regarding this final point, it would be good to see some proactive, and yes, innovative work by BI technology vendors to help with the process of defining these metrics and providing ways to monitor and manage performance beyond relegating the metrics to the "innovation and learning perspective" of the Balanced Scorecard. Two examples would the innovation process perspective of Egip, Software AG, and the radar screens of the Danish Patent Office IPScore. You can find useful discussion and examples of intellectual capital metrics in the Frame project of the Nordic Industrial Fund. (Scandinavia leads the way in the world of IC metrics.)

IPM is a big topic. I'll leave the last word in this column to the Washington D.C.-based Council on Competitiveness. The interim report of its national innovation initiative (published July 23, 2004), backed by a bunch of industry and academic luminaries, puts it this way: "Where once we optimized our organizations for efficiency and quality, now we must optimize our entire society for innovation." Now if that isn't a clarion call, I don't know what is.

Editor's Note: Channeling innovation into a process that becomes a manageable asset will be an important topic as organizations seek new levels of customer relationships, business execution excellence, and overall competitive advantage. Will BI, performance management, and enterprise application software be able to support this process? Look for recent and continuing discussion of this topic from Stewart McKie at

Guest columnist Stewart McKie is a technology consultant and writer who recently cowrote the book Innovation Performance Management: Principles | Processes | Practice (to be published in 2004).

Email the editors at [email protected]


Danish Patent Office:
Frame Project:
Council on Competitiveness:

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
2 of 2
Comment  | 
Print  | 
More Insights
COVID-19: Using Data to Map Infections, Hospital Beds, and More
Jessica Davis, Senior Editor, Enterprise Apps,  3/25/2020
Enterprise Guide to Robotic Process Automation
Cathleen Gagne, Managing Editor, InformationWeek,  3/23/2020
How Startup Innovation Can Help Enterprises Face COVID-19
Joao-Pierre S. Ruth, Senior Writer,  3/24/2020
White Papers
Register for InformationWeek Newsletters
Current Issue
IT Careers: Tech Drives Constant Change
Advances in information technology and management concepts mean that IT professionals must update their skill sets, even their career goals on an almost yearly basis. In this IT Trend Report, experts share advice on how IT pros can keep up with this every-changing job market. Read it today!
Flash Poll