The Future! Understanding Innovation Accounting – a historical perspective – Part 3

The Future By Elijah Eilert The next re-evolution Equally to Sloan’s need for different information nearly 100 years ago, managing innovation requires us to gather information we didn’t need before. We need different information in accordance with a project’s stage within a product life cycle. It is information that, for example, enables a metered [...]

2021-02-27T21:11:34+09:30

The Present! Understanding Innovation Accounting – a historical perspective – Part 2

The Present Accounting is not the problem, but accounting has a problem In this age of big data, extracting information is simple and cheap. The accounting tools we have available today are designed and work very well if we have historical data available. But when it comes to innovation you have little to no [...]

2021-02-11T16:03:00+09:30

The Past! Understanding Innovation Accounting – a historical perspective – Part 1

Traditional accounting methods measure and manage innovation efforts but too often it is one of its biggest disablers. Conventional metrics can't predict and measure progress in a meaningful way. Ironically therefore, current accounting tools, metrics and funding processes can work against a company's goals of future proofing through innovation. The inefficiencies in corporate innovation [...]

2021-02-11T16:03:00+09:30
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