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.
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.
A lot has been invested in the name of innovation over the past years – even before the pandemic. The pandemic however, highlighted once more the importance of innovation and the importance of an established innovation system & culture able to constantly bring to life successful new business models. Companies that haven’t necessarily considered innovation […]
Today all industries go through changes, making an understanding of the factors that influence purchase decisions highly important. With every firm attempting to gain a desired share of the market by providing the highest quality products that are readily available at a reasonable price – the competition is fierce. However, in an abundant world where […]
I was partially wrong promoting ‘experiment velocity’ as an important Innovation Accounting KPI. I’m gonna tell you why and what’s the fix. But first let me briefly tell you how I initially concluded that ‘experiment velocity’ was the Innovation Accounting KPI to rule them all. Financial KPIs should not be used to measure new businesses. […]