CPI CPI Innovation Metrics & Performance Measurement 2

Question 1

Which framework categorizes innovation projects by horizon to help allocate measurement resources?

Accepted Answer

McKinsey Three Horizons

Answer

McKinsey's Three Horizons framework separates core, emerging, and transformational innovation so teams can apply appropriate metrics to each horizon.

Question 2

What is 'innovation batting average' used to measure?

Accepted Answer

The ratio of successful launches to total innovation attempts

Answer

Innovation batting average is a metaphor for the success rate — how many innovation attempts result in commercially viable outcomes.

Question 3

Which leading indicator best predicts future innovation output in a US firm?

Accepted Answer

Number of cross-functional collaboration sessions

Answer

Cross-functional collaboration frequency is a leading indicator because diverse team interaction drives idea generation and problem-solving before results appear.

Question 4

A CPI professional wants to benchmark their innovation performance against industry peers. Which data source is most appropriate?

Accepted Answer

Industry innovation benchmarking reports (e.g., Booz/PwC Global Innovation 1000)

Answer

Published benchmarking studies like the PwC Global Innovation 1000 provide normalized industry data for comparing R&D investment and output across companies.

Question 5

What does a 'discovery-driven planning' approach add to traditional innovation measurement?

Accepted Answer

It replaces financial forecasts with assumption tracking and milestone-based learning

Answer

Discovery-driven planning treats key assumptions as checkpoints, measuring whether assumptions prove true rather than tracking fixed forecasts.

(CPI) Certified Professional Innovator Practice Test

(CPI) Certified Professional Innovator Practice Test

CPI CPI Innovation Metrics & Performance Measurement 2