Innovation valuation: Guesswork or formalized framework? A literature review

Abstract

This chapter deals with different methods for valuating an innovation as presented by the available academic literature, mainly articles in peer-reviewed journals. It aims at building up a typology and at assessing the pros and cons of the various methodologies, whether quantitative, qualitative or mix. It concludes that there is no ideal innovation valuation model and that a specific composite scoreboard approach seems to be the only way to approximate.