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 before. It’s ambiguous and full of uncertainty. It’s mysterious and seems utterly unquantifiable. Accounting is the thing you dread doing at [...]
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, or a full, lean digital transformation of the company’s core processes. But too many are falling into bad practices right [...]
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: Is this team succeeding? Is this project going to succeed? How much money are we going to make? Is this [...]
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 media accounts tweeting about entrepreneurship! But all this effort doesn’t necessarily lead to progress. The goal is to increase the [...]
