schedule Jul 30th 11:30 AM - 01:00 PM place ATC421 C40 people 36 Interested

Traditional accounting and funding processes are no longer sufficient in dealing with today's fast changing environment. Innovation Accounting fundamentally ties learning and money together. It is a framework designed to generate and capture information about new ways to create, deliver and capture value in the most cost-effective and quickest way. It holds entrepreneurs and managers accountable against relevant metrics.

Statistics is the ‘science’ of extracting the most information from the least data. Innovation Accounting puts these principals at the heart of innovation management. Innovation Accounting uses the right information at the right time to make better decisions about product, investment/resource allocation, people and strategy.

This session will touch on some of the core challenges of innovation management and provides a high-level introduction to the subject of innovation accounting.

 
 

Outline/Structure of the Others

60 minutes

  • A short history of Accounting and today’s challenges
  • The effectiveness of R&D budgets
  • Value and uncertainty/the cost of learning
  • What is Innovation Accounting
  • Innovation Ledger

30 minutes

  • Q&A

Learning Outcome

  • How to Increase the effectiveness of your innovation budget
  • How to budget for innovation
  • How to measure progress without a business plan
  • How to relate dollars to learning
  • Identifying what it means to do the 'right thing at the right time'

Target Audience

Head of Innovation, CFO, CEO, Project Portfolio Manager, Product Manager, Entrepreneurs, Transformation Managers, Agile Coaches, Product Owners

Prerequisites for Attendees

Thinking about any of the following topics questions in relation to innovation initiatives:

  • How do initiatives get funded in your organisation?
  • How do you choose one initiative over the other?
  • How do you determine the amount of funding?
  • Who typically gets funding?
  • How do you measure progress?
  • How do you decide when to kill an initiative?
schedule Submitted 4 months ago

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