Does Your Company Actually Need Innovation Accounting?

Posted by Dan Toma
On 21/03/2023

Many companies complain about the lack of innovation metrics but in many cases the lack of innovation accounting is not the most important thing the company needs to focus its efforts on.

Three Things Your Company Needs to Have in Place to Implement Innovation Accounting

Posted by Dan Toma
On 07/03/2023

You ability to measure innovation is tightly connected to the maturity of your company's innovation system. There are certain things you have to have in place to be able to implement and benefit from innovation accounting.

Innovation is a Team Sport

Posted by Cris Beswick
On 01/03/2023

At OUTCOME, we believe innovation is a system game, meaning it’s a team sport. The challenge is that many organisations have lost sight of the true definition of a team. As defined by Professor Leigh Thompson of the Kellogg School of Management, “a team is a group of people who are interdependent with respect to […]

Three Organizational Designs for Innovation

Posted by Dan Toma
On 30/01/2023

The design/structure of an organization can help or hinder its progress toward its goals. Independent of size and industry, organizations can achieve their goals by properly matching their needs with the structure they use to operate. Here are three ways in which innovation can be organized.

Why is a Career in Innovation Management a Bad Idea. And What Can You do About it.

Posted by Dan Toma
On 10/12/2022

In most companies that don't have an embedded system for innovation or don't take innovation management seriously, following a career in innovation management is advisable if you want to make it to top management later in life. But there are still things one can do.

Five Innovation Accounting Indicators that are Telling you if your Middle Managers are Stifling Innovation

Posted by Dan Toma
On 21/11/2022

It is a well established fact that middle management plays a crucial role in driving innovation. But in the absence of clear indicators for innovation performance it is difficult to say if middle management is actually driving innovation or stifling it.

Managers drive innovation from the heart.

Posted by Cris Beswick
On 15/09/2022

This is a piece about and for managers. They could be line managers, middle managers, or team leaders; in a way, the title is immaterial. But in any organisation, these individuals sit at its heart, interpreting the vision, delivering the strategy, and ensuring that the engine runs smoothly, and the business stays on track. You […]

Why build a system for innovation

Posted by Dan Toma
On 07/07/2021

While the debate of innovation being art or science is still raging on we have to admit that not everyone in a large company is going to be a ‘Steve Jobs’. And nothing’s wrong with that. Also, independent of how much your HR department is struggling to attract the best innovation talent, the company will […]

The 9 Mistakes Venture Boards Make

Posted by Dan Toma
On 31/08/2020

Although in principle everyone agrees that corporations need to get better at mimicking the venture capital world when it comes to taking investment decisions in ventures, in reality this is proving harder to apply. One of the vehicles corporations created internally to be able to make better and faster decisions with respect to their innovation […]

The Venture Boards

Posted by Dan Toma
On 16/07/2020

Measuring innovation at product team level is not enough to have an innovation accounting system. Innovation has become an important activity for the survivability and future profitability of a company. Therefore more and more stakeholders are drawn to the process of building the company’s future offerings. Keeping one group of stakeholders in the dark is […]

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