Definition of this KPI:
The percentage of innovation projects or initiatives that do not achieve their intended objectives or outcomes.
This KPI can be calculated as: Divide the number of failed innovation projects by the total number of innovation projects attempted, then multiply by 100.The KPI will be measured as: percentage (%)How to interpret the KPI: lower is betterThe strategic objective to measure with this KPI: Reduce the failure rate of innovation projects by conducting thorough risk assessments, improving project management practices, and fostering a culture that embraces experimentation and learning from failure.