Indicators for Measuring Outputs of Innovative Initiatives in the Czech Republic

Abstract

This paper focuses on the identification of a set of KPIs that are used in Czech compa - nies to evaluate the outputs of innovative initiatives to maintain and improve organiza- tional performance as a goal of implementation of innovations. The empirical evidence is based on a quantitative data, gathered through an email by structured self-assessment tool (check-list) which yielded 194 qualified responses. For the analysis of gained data there was used factor analysis within evaluation by factorial loadings. Results of the factor analysis provide possible groups according their similarity of variability and create new variables. Observed indexes were verified by coefficient Cronbach’s alpha. Findings of the paper serve up suggestions, that especially financial performance indicators are statistical significant in market area and operation management.

Keywords

• innovation
• key performance indicators
• innovation success
• output
• industrial companies
• Czech Republic