Measuring innovation capabilities – the fourth generation indices

Abstract:

This article aims to show the issue of benchmarks for innovation and restrictions on use. There are many metrics available to use for measuring innovation. Some of the metrics are well-known and globally widespread (Innovation Union Scoreboard, 2015). Eurostat manages and unifies the methodology for measuring the intensity of innovations in enterprises in many regions, including the Czech Republic. This ensures consistency and commensurability methodology. The aforementioned rankings are objective for comparing the intensity of innovation among themselves, their inputs are complex and hard data from the past. However, these indices provide businesses with virtually no information about what they should do differently, or where the limitations are in terms of innovative potential. Metrics based on data of soft nature- subjective inputs are developed for this purpose. Their outcomes are not completely commensurable, but give companies enough feedback. This article analyzes the SAII index thus created in the Czech Republic.

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