Tag Archives: innovation

Average age of company patents

Definition:
The age of patents from the company. A higher average age means that the organization was less innovative in the recent history since there are more old than new patents.

Calculation:
Average of patent ages

This KPI is measured as: Time (e.g. Years, Minutes)

Interpretation of results: Lower Is Better

Strategic objective:
Innovation

Percentage of hours spent on R&D

Definition:
Part of all the working hours within the organization that have been spent on Research & Development.

Calculation:
(R&D hours / total spent hours) * 100%

This KPI is measured as: Percentage (%)

Interpretation of results: Depends On The Goals

Strategic objective:
Innovation