Making Innovation Policy Work
Learning from Experimentation
This book explores emerging topics in innovation policy for more inclusive and sustainable growth, building on concrete examples. It develops the notion of experimental innovation policy – which integrates monitoring and feedback at the policy design stage, and occurs continuously to improve impact and implementation. This approach should help improve the quality and efficiency of public expenditures supporting innovation policy.
Experimental policy making is particularly important for new and emerging innovation domains, where the scope for learning and improvement is the greatest. To make the discussion as concrete and relevant as possible for practitioners and policy makers, three emerging domains of innovation policy are explored in greater detail: innovative entrepreneurship, green innovation, and pro-poor or base-of-the-pyramid (BoP) innovation.
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Making evaluations count: Toward more informed policy
Performance measurement is receiving more and more attention, but the implementation of good measurement systems and the utilisation of results remain a challenge. This chapter reviews the practices of various organisations drawing on the literature and the author’s own experience working with institutions around the word. It identifies factors that contribute to greater utilisation, including the relevance of evaluations, the credibility of results and the commitment of managers to use evidence to drive decision. This chapter argues that performance measurement needs to be embedded within a broader evaluation system that fosters critical thinking and supports continuous improvement as part of the policy cycle.
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