Towards a holistic enterprise innovation performance measurement system

This paper identifies the gaps in previously proposed enterprise innovation performance measurement schemes vis-a-vis today's enterprise needs and proffers a process based innovation performance measurement scheme, which improves upon existing schemes by significantly broadening the measurement scope. A number of industry surveys bear out the discontent of enterprises with existing innovation performance measurement schemes. In order to address pertinent enterprise needs, a literature review of innovation performance measurement schemes is presented, followed by a set of guiding principles for developing a more robust scheme that emphasizes the distinction between the measurement of invention and exploitation and can be used as a taxonomy for innovation key performance indicators. (C) 2014 Published by Elsevier Ltd.