Definition of this KPI:
The average time taken to develop a new product from ideation to launch.
This KPI can be calculated as: Measure the duration (in days, weeks, or months) from concept creation to product launch and calculate the average across all products developed within a specific period.The KPI will be measured as: time (e.g. years, minutes)How to interpret the KPI: lower is betterThe strategic objective to measure with this KPI: Accelerate product development cycles to bring innovative solutions to market faster and respond promptly to customer needs.
