Definition of this KPI:
The total amount of money spent on research and development activities.
This KPI can be calculated as: Sum of all expenses related to research and development projects.The KPI will be measured as: financial value (e.g. €, $)How to interpret the KPI: depends on the goalsThe strategic objective to measure with this KPI: Invest in R&D activities to foster innovation, develop new products or services, and gain a competitive edge in the market.