Abstract
The paper presents the explicit and objective measurement method for innovation performances by using the extensive version of Analytic Hierarchy Process (AHP). A hierarchical framework is constructed for the innovation performance criteria and giving the guideline for innovation performance of companies. By applying AHP Expansion framework, the innovation performance measurement factors can be prioritized and descending-order rank list of the performance factors can be made in order to select the best strategies to improve the innovativeness of companies. This new framework of innovation measurement is targeted for implementation at the actual analysis for innovation competitiveness of companies and expected to provide the milestones of measuring the innovation more effectively.
Highlights
Current corporate world understands that innovation is more evident and creating business value is the purpose of innovation
That is the reason why Analytic Hierarchy Process (AHP) is applied for measuring innovation performance as AHP Expansion framework
The survey is about understanding the relationship between the innovation factors and it has been posted around twomonth time periods on Internet and the questionnaire is shared based on SNS (Social Networking Services)
Summary
Current corporate world understands that innovation is more evident and creating business value is the purpose of innovation. The core of AHP is building up a matrix expressing the relative values of the attribute set based on the pairwise comparison. It gives enough flexibility to apply for analyzing the innovation performance measure and guidelines how to handle the real situations. This innovative measuring methodology will provide the more suitable analysis to determine which factors are more important than others for managing the innovation. Because of using pairwise comparison, it has triggered to develop many other MCDM (Multiple Criteria Decision Making) methods and AHP (Expansion) is the mother of modern MCDM methods. That is the reason why AHP is applied for measuring innovation performance as AHP Expansion framework
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