|Overview: New Revenue Rate|
The percentage of your revenue that results from innovative new products and services.
New Cost Rate
What is New Revenue Rate?
John Spacey, updated on July 09, 2023
New revenue rate is an innovation metric that is calculated as the percentage of your revenue that comes from products and services that didn't exist 3 years ago. Depending on your industry, the time span used in the calculation may be shorter or longer. The goal of innovation is to create products that represent improvement by an order of magnitude. Therefore, minor upgrades to existing products are typically excluded from the calculation of new revenue rate.
InnovationThis is the complete list of articles we have written about innovation.
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A list of common innovation principles.
An overview of fail often innovation.How to measure innovation including early stage, late stage and overall program metrics.
The basic types of pilot used in business, science and entertainment.
A definition of lead user with examples.A definition of moment of truth with a few examples. A definition of user innovation with examples.
The common types of proof of concept.
The common types of commercialisation.
The common types of innovation objectives with examples.A list of thinking approaches and types. A few logic terms explained. A list of common cognitive biases explained.
A few dangers of being too abstract.
The difference between objective and subjective.A definition of intellectual diversity with examples. The definition of creative value with examples.
The definition of anecdotal evidence with examples.
The definition of benefit of doubt with examples.
The definition of pessimism with examples.
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