Research on Innovation Ability Evaluation Based on Gray-Related Balance Factor

As the complexity of the process of technological innovation, there is no uniform standard on how to measure technological innovation at home and abroad. Evaluation of technological innovation, however, is an important management tool in the process of technological innovation. Therefore, the author introduces the Balanced Scorecard on the base of summarizing the research on technological innovations at home and abroad, and then intends to build a technological innovation evaluation system, which takes balanced scorecard as a tool for the evaluation. The author also builds innovative capability assessment model with the application of gray relational analysis method and on this basis, introduces a balanced factor, taking into account of not only the capacity dimensions weights but also the overall innovation capability. Finally, validate that by means of case study.