Traditional accounting methods are used to measure, monitor and manage innovation. However, it is also considered as a major innovation blocker.
PwC's study from November 2018 highlights: ‘there is no statistically significant relationship between how much a company spends on its innovation efforts and its sustained financial performance (Global Innovation 1000 study, www.digitalpulse.pwc.com.au/report-global-innovation-1000-study).’
The job of Innovation Accounting is to change just that, it maximises the bets an organisation can place to create new sustainable business models. It demands meaningful metrics to monitor progress, holds intrapreneurs accountable and gives them the necessary freedom and agility to succeed.
Innovations succeeds when all critical unknowns (known unknowns in the form of assumptions and unknown unknowns) are removed from a project. Progress means to do just that, using the minimum amount of resources. From an Innovation Accounting perspective, unknowns are the innovation debt (risk).
Join us and take your first step to building your Innovation Ledger.
Who is this for?
- Corporate Intrapreneurs
- Innovation Executives
- Startups founders
- Change Managers
- (Digital) Transformation Managers
What will you take away?
- A new approach to funding projects and portfolios
- A new approach to measuring team performance
- The fundamentals of relating learning to financials
About Elijah - Lean Startup Coach (currently based in Melbourne/Adelaide)
Elijah Eilert grew up in Germany and has worked in various industries across six countries, now calling Australia home.
His passion for an evidence-based approach to entrepreneurship evolved from the frustration of applying traditional business planning and project management to his first Startup - which he co-founded in China in 2007.
Elijah has worked with large organisations such as Microsoft, research institutes like Fraunhofer and federal government bodies overseas. The vision and scientific approach that Lean Startup and subsequently Lean Innovation contributes to innovation is where his interest and passion lies.
Today, Elijah coaches startups and innovation teams and assists large organisations in managing their innovation efforts. Solving the problems of innovation management to him is just as satisfying as the end result of a successful project - happy customers.
About Facilitator Joeri (Yuri)
Founder BIGJUMP | Corporate Innovation Mentor @River City Labs | Lean Startup Ambassador | Innovation Practitioner Coach | Senior Project & Program Manager | QUT MBA
Joeri has over 20 years’ experience in the technology industry and has delivered many large complex business and technology projects and programs. He has spent his career helping organisations innovate by closing the gap between business and technology. His aim with BIGJUMP is to 'bring innovation to life'.
This event is co-hosted with Brisbane Agile Meetup and is supported by River City Labs, Lean Startup Coach, BIGJUMP & Elabor8.