Financial and non-financial measures

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Reference no: EM132264538

Scenario:

In your quest to encourage innovation and entrepreneurial behavior in the medium sized medical equipment company you founded five years ago, you see the need to develop specific measures of performance against which innovative products or services can be measured once they are developed

Proposal of Measures:

Propose how the following financial and non-financial measures will be used to assess and evaluate recent innovations:

Financial Measures

Return on investment

Growth in market share

Profitability

Non-financial Measures

Employee loyalty and commitment

Breadth of employee participation

Employee retention

Employee willingness to change

Strategic repositioning

Competitive capabilities

Potential creation of further breakthroughs

Number of potential future innovations

Reference no: EM132264538

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