Innovation Accounting: The Failure of the Business Case
By Tristan Kromer & Elijah Eilert In times of uncertainty, we strive for predictability. The relentless pace of change driven by rapid technological advancement has made more and more companies paranoid. They look over their [...]
Innovation Accounting – Ranges are Key
About the Episode Elijah Eilert speaks to Tristan Kromer about the pitfalls of early-stage predictions in startups and corporate innovation initiatives, and how to drastically improve them. “It’s ok to ask [...]
Innovation Accounting – a Historical Perspective
By Elijah Eilert Traditional accounting methods measure and manage innovation efforts but too often they are one of innovation’s biggest disablers. Standard business cases and financial modeling for example are not helpful in funding [...]
Fiction and Innovation Management
By Elijah Eilert Where do the dollars go – which ideas get the dosh? Who’s innovation project wins the funds? And more importantly why? The reality is, that in most cases the best storytellers [...]
The Danger of Corporate Growth Metrics
By Tristan Kromer KPIs can kill you. Or at least it can kill your efforts to create a truly disruptive innovation. And I can’t think of a more deadly KPI than growth. Of course, [...]
Why Innovation Teams Have To Be Measured Differently and How To Do It
About the Episode In this episode, Elijah Eilert is talking to Tristan Kromer about measuring innovation teams. Fundamentally, teams should be measured against something they can control. What does it [...]
Diversity is an Innovation Metric
By Tristan Kromer A lot of tours come through Silicon Valley full of CEOs, CTOs, and board members who want to figure out what makes the region tick. They want to see startups, hear [...]
Innovation Accounting – Presentation
This presentation was given to the Water Services Association of Australia (WSAA) and specifically their Innovation Futures and IoT Network. Watch Tristan Kromer and Elijah Eilert explain how innovation accounting works and what problems it solves. [...]
Engines of Growth: What Is a Retention Rate?
By Tristan Kromer Paid, retention, viral. Those are the three “engines of growth” suggested by Eric Ries in The Startup Way. Companies can pick one of the three to be great at, but they generally can’t manage [...]
From Quarterly to Weekly Learning Cycles or “The Man in the Mirror”
About the Podcast The Innovation Metrics podcast provides insights on measuring innovation, innovation accounting and managing the uncertain process of developing new, sustainable and profitable business models. About the [...]
What Is Innovation Accounting?
By Tristan Kromer Innovation Accounting sounds like one of those semi-humorous oxymorons like “accurate rumors,” “the rules of anarchy,” or “airline schedules.” Innovation sounds exciting! It’s about ideas and novelty. Things we’ve never seen [...]
Why Are You Starting Your Innovation Program from Scratch?
By Tristan Kromer More and more companies are jumping on the innovation bandwagon and starting their own innovation program. It could be in the form of an accelerator, an innovation outpost in Silicon Valley, [...]
Levels of Innovation Metrics
By Tristan Kromer When people say they want to measure innovation or implement innovation accounting, they are often talking about a number of different things, and trying to answer a broad variety of questions: [...]
Innovation Ecosystem Design Using Liebig’s Law of the Minimum
By Elijah Eilert and Tristan Kromer Liebig’s Barrel When governments, corporations, and entrepreneurs start building innovation ecosystems, there’s a flurry of predictable activity. Create meetups! Start angel investor groups! Make sure we have social [...]
