Can you measure and track how successfully your organisation is innovating? This week on the Evolving Leader podcast, co-hosts Scott Allender and Jean Gomes talk to Dan Toma, co-author of ‘Innovation Accounting‘, who says that the traditional management tools available to leaders wanting to understand investments in innovation are lacking, instead proposing a new set of frameworks and tools that go beyond just financial indicators.

Innovation Accounting – A Practical Guide for Measuring Your Innovation Ecosystem’s Performance (BIS, 2021)

0.00 Introduction

2.05 Could you start by sharing your journey?

4.55 Could you tell us why it’s important for an organisation to develop its own innovation ecosystem?

7.24 Is that approach being adopted by organisations or are many sticking with the traditional ‘small innovation team’ approach?

9.23 What are the biggest pitfalls for corporates when they start to adopt this?

13.40 Could you give us a working definition of innovation accounting and also some of your ideas around the different types of innovation and what they look like?

16.34 Can you take us through an example of how an innovation accounting system could be built using the tools and frameworks you provide in your book?

19.42 What mindset shifts does an organisation need to make in order to embrace innovation accounting?

24.30 What is the most useful starting point in order to establish the common ground between finance and innovation teams?

27.09 How do people who are prone to big picture large innovation thinking take those ideas forwards in pragmatic, not over romanticised ways?

30.45 When you go into an organisation that might be lacking creativity and imagination (where the focus is on maintaining past success), what can you do to start them valuing that from an innovation accounting perspective?

33.43 What single piece of advice can you give to our listeners, whether or not they are in formal innovation roles?

35.37 What’s next for you, what are you working on now?

37.25 If an organisation adopts innovation accounting, what looks different and what’s happening in the organisation that’s not happening today?

38.24 How did Covid impact innovation in organisations?

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The Evolving Leader is researched, written and presented by Jean Gomes and Scott Allender with production by Phil Kerby. It is an Outside production.

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