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This document discusses measuring innovation and its relationship to organizational performance. It argues that there is no single best measure of innovation and different measures work better for different industries and technologies. The document also notes that while innovation can contribute to competitiveness, empirically linking innovation inputs and outputs to firm performance has proven difficult. Many traditional accounting measures may undervalue innovation, and establishing a strong relationship between innovation and performance remains challenging.
This document discusses measuring innovation and its relationship to organizational performance. It argues that there is no single best measure of innovation and different measures work bett…