Innovation Accounting blog

Traditionally, there are many ways to measure the future impact of an individual investment. Most businesses measure them using proforma financial statements. The challenge is the future part … how can we predict it with any accuracy? That’s where Monte Carlo financial modelling becomes your secret superpower. If Monte Carlo

This article was originally posted on The Future Shapers where I’m a regular contributor. Although in principle everyone agrees that corporations need to get better at mimicking the venture capital world when it comes to taking investment decisions in ventures, in reality this is proving harder to apply.  One of

This article was originally posted on The Future Shapers where I’m a regular contributor. 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

This article was originally posted on The Future Shapers where I’m a regular contributor Measuring innovation at product team level is not enough to have an innovation accounting system. Innovation has become an important activity for the survivability and future profitability of a company. Therefore more and more stakeholders are

An interview with Thomas Vogth-Eriksen, CFO DNV GL, on how innovation is changing the CFO’s role This article was originally posted on the Thinkers50 Blog Recently, Dan sat with DNV GL’s CFO, Thomas Vogth-Eriksen, to discuss the changes brought about by the digital economy to the CFO role. DNV GL

Although a driving force for growth in most industries, innovation differs from company to company. But be it in banking, in automotive or FMCG, the uncertainty associated with innovation is still something that needs to be managed. And in order to be able to manage something, it first needs to