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Corporate Innovation Accounting Use Your Budget In The Most Effective Way

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Date:
January 16
Time:
5:00 pm - 7:00 pm
Event Categories:
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Location
River City Labs
315 Brunswick Street
Fortitude Valley, QLD 4000 Australia
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Corporate Innovation Accounting Use Your Budget In The Most Effective Way

January 16 @ 5:00 pm - 7:00 pm

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.