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Innovation Management - Role Of The Accounting Function. "If you ever become
a marketer, then your friend in the company should be ...
... the eyes of its customers, from the standpoint of innovation and continuous ... philosophies,
as well as changes in the management accountant’s role. ...
... to the successful implantation of accounting innovation is that ... An effective knowledge
management system links to the ... line staff, changing the role of the ...
... The most important characteristic of innovation power is the ability of ... 1995: 317)
gives a good description of the role of management accounting in global ...
... 22-6. Tran V. (1998) "The role of the emotional climate in learning organizations",
The Learning ... 96-110. Wright S. (1993) Management of innovation and change ...
Submitted by CUUSUN on April 26, 2008
Category: Business
Words: 859 | Pages: 4
Views: 129
Popularity Rank: 78,457
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"If you ever become a marketer, then your friend in the company should be the accountant"
These were the words of advise given to me by my Marketing professor at Red McCombs School of Business in University of Texas, Austin. I recall this statement every time I think of costs involved in new product development or in every marketing endeavor I undertake.
The above words also applies to all persons leading an Innovation projects: Be it new product development, process improvement or research.
In the world of innovation, accountants & their contribution are one of the least appreciated. A success/failure of an innovation project is credited to the project manager or product manager or the development manager, but rarely the name of finance controller/accountant are even mentioned - sad but true.
The reason for this apathy is really simple: Engineers or product managers or development managers are far disconnected from the world of finance & accounting departments, that they really have no clue about the actual numbers. The problem is more acute in large companies, where functions and roles are so widely distributed that the development/product manager has no clue as where the accountant works! Added to the organizational complexity, there is a natural tendency among engineers to focus on the product - rather than monitor the expense accounts. Many engineers also find it extremely challenging to read an account books.
Accounting is a very important function
The role of the accountant is to maintain records of all expenses, keep financial checks and balances within the organization. All the great innovation ideas and projects can vanish in the wake of an accountant’s recommendation - So never underestimate the power of the accountant. Accountants control the money taps - they can turn it on or off.
Accountant is your partner
I remember a time when...
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