Metrics & KPIsIdea conversion rate
Definition
The idea conversion rate measures the rate at which new ideas are assessed and implemented successfully through improvement initiatives or directly on at the point of operations. It is important that organizations proactively seek feedback and suggestions in order to improve performance. The Develop Products and Services process and the Fulfill Demand process should both include mechanisms to encourage and facilitate the provision of ideas and feedback from all possible sources. Suggested
Tags
conversion, idea, demand, performance, feedback, improvement