Abstract: This paper presents an overview of studies that describe the emergence of innovation project performance measurement. It is dedicated to the issue of economic indicators and focuses on the metrics that can be employed to evaluate a single innovation project. These metrics are divided into two groups, financial and non-financial. Comparisons are made between these indicators using methods of analysis and synthesis. This includes the establishment of their pros and cons, and a discussion on the revealed shortcomings. The main findings of the paper refer to the importance of innovation project performance measurement within the framework of a corporation. However, a one size fits all solution does not exist. Every innovation project is unique and specific. This paper should therefore motivate researchers to conduct more large scale studies into the area of innovation project performance measurement in different business sector and areas.
Authors: Ondřej Žižlavský
Keywords: innovation, innovation project, performance measurement, management control, financial indicators, non-financial indicators