Increase Innovation ROI

Increase Innovation ROI is IRI members’ top and most pressing issue for 2024. Addressing this challenge requires establishing metrics for Horizons 2 and 3, which focuses on medium- and long-term innovation goals while recognizing the importance of nonfinancial metrics in evaluating the true impact of any R&D investment. Additionally, fostering cross-functional collaboration is essential to effectively adopt and scale new technologies while ensuring a comprehensive and sustainable innovation strategy.

IRI has and continues to address these issues in whitepapers, video presentations, community forum surveys, RTM journal articles, and webinar recordings, accessible through our Resource Center.

Transformational:

The Challenge of Horizon 2: Implications for Effective Opportunity Development (whitepaper)

New-Product Portfolio Management with Agile (RTM journal article)

Growth:

Beyond the Metrics: Lessons Learned from Improving Innovation (video presentation)

Strategies to Improve Portfolio Management of New Products (RTM journal article)

How do you measure your strategic portfolio? (IRI Community Forum survey)

How does your company estimate the risk and value of long-term R&D? (IRI Community Forum survey)

Valuing Risky Projects with Real Options (RTM journal article)

Risk Analytics for Innovation Projects (RTM journal article)

Innovation Project Risk Analytics: A Preliminary Finding (RTM journal article)

Foundational: