How to Calculate Opportunity Cost of Innovation

How to Calculate Opportunity Cost of Innovation

When calculating the costs of your innovation program, don’t forget to include opportunity costs — the money you’re not making by doing something else.

Tristan Kromer
9 minute read
Levels of Innovation Metrics

Levels of Innovation Metrics

Successful innovation accounting requires applying the right metrics to the right categories: individuals, teams, projects, portfolios, and ecosystems.

Tristan Kromer
11 minute read
Innovation, Climate Change, and the Economy

Innovation, Climate Change, and the Economy

A carbon-neutral economy is inevitable. If we don’t have an innovation strategy that elevates both the economy and the environment, we will be left in the dust.

Tristan Kromer
8 minute read
Completing a 2×2 Risk Prioritization Matrix

Completing a 2×2 Risk Prioritization Matrix

How to properly fill out a 2×2 risk prioritization matrix.

Tristan Kromer
6 minute read
Customer Validation under Lockdown

Customer Validation under Lockdown

Entrepreneurs serious about making progress need to think like hackers and do whatever it takes to get in front of customers.

Tristan Kromer
7 minute read
Why Are You Starting Your Innovation Program from Scratch?

Why Are You Starting Your Innovation Program from Scratch?

Your innovation program should be the right one for your company, but it doesn’t have to be wholly original. There’s a time to create, and a time to borrow.

Tristan Kromer
7 minute read
Fear the Zebra

Fear the Zebra

Just a helpful reminder to keep yourself honest and data-driven.

Tristan Kromer
< 1 minute read
Applying Innovation Metrics and Objectives by Department

Applying Innovation Metrics and Objectives by Department

To make sure your company’s innovation ecosystem functions at the department level, focus on your innovation KPIs.

Tristan Kromer
6 minute read
Rules of Thumb for Quantitative Experiments

Rules of Thumb for Quantitative Experiments

A quick-and-dirty reference doc for flawless quantitative experiment design.

Tristan Kromer
5 minute read
Innovation Ecosystem Design Using Liebig’s Law of the Minimum

Innovation Ecosystem Design Using Liebig’s Law of the Minimum

Grow your innovation ecosystem by applying Liebig’s Law of the Minimum to help you identify your limits and boundary constraints.

Tristan Kromer
8 minute read