Innovation Accounting: A Practical Guide For Measuring Your Innovation Ecosystem's Performance

Innovation Accounting is a practical guide for companies to measure and track innovation, as standard accounting documents offer insufficient and irrelevant data. It provides tools, frameworks, templates, and visualizations that can be easily understood and applied by executives, investors, and managers.

Format: Paperback / softback
Length: 304 pages
Publication date: 09 September 2021
Publisher: BIS Publishers B.V.

When a company is dedicated to expanding through innovation rather than simply leveraging existing business models, conventional accounting documents provide insufficient and frequently irrelevant data. Innovation Accounting is a useful guide for these businesses to assist them in measuring and tracking innovation. While most established organizations have recognized the need to innovate and transition to a more digital model, the management tools available to leaders seeking to understand the investments in innovation are lacking. Financial accounting, in particular, poses challenges in the context of digital innovation. Consequently, a new complementary system for measuring and tracking innovation is required. The book offers a range of tools, frameworks, templates, and visualizations that are easily understandable and applicable. These resources can be utilized by executives seeking a fresh approach to measuring corporate performance in a world where accounting-recognized assets are becoming commodities, by investors seeking better ways to evaluate a company's growth potential, and by managers who need to assess innovation product teams using more than just financial indicators. Innovation Accounting serves as a vital go-to book for anyone seeking to measure their company's innovation ecosystem.

Weight: 972g
Dimension: 242 x 191 x 26 (mm)
ISBN-13: 9789063696207