This report investigates the current state of the art of measuring innovation. In order to elaborate indicators that describe social innovation impact, this task investigates existing innovation indicators with regard to technological and social innovations. The goal is to provide an overview of current indicators on both technological and social innovations. Initially a critical overview of existing indicators of technological innovation is provided. It is important to emphasise that all sorts of business (or: profit-oriented) innovations on the one hand, and social (socially-oriented or societal) innovations, on the other. In other words, not only technological (product, service, and process) innovations when discussing profit-oriented innovations are taken into account, but also organisational and marketing innovations. Innovation studies show that it is more of an exception than a rule to introduce technological innovations without organisational innovations and in many cases marketing and market innovations are also required. Moreover, the latter ones are vital for the success of the former ones.
Beers, C. van; Havas, A. and Chiappero-Martinetti, E. (2015) Overview of existing innovation indicators (CRESSI working papers ; 24/2015), Oxford, Creating Economic Space for Social Innovation (CRESSI) project.
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