What Is Innovation Accounting and How to Structure Innovation Accounting?

Wójcik-Czerniawska Agnieszka (), Grzymała Zbigniew () and Pohulak-Żołędowska Elżbieta ()
Additional contact information
Wójcik-Czerniawska Agnieszka: College of Management and Finance
Grzymała Zbigniew: College of Management and Finance
Pohulak-Żołędowska Elżbieta: Wroclaw University of Economics and Business

A chapter in Eurasian Business and Economics Perspectives, 2025, pp 313-324 from Springer

Abstract: Abstract Innovation accounting is a systematic strategy that overwhelms the shortcomings of conservative financial dimensions to oversee and assess innovation progression within companies. This study studies try to answer for the question: Is innovation accounting an actual instrument that can be used to attain and measure innovation in a way not likely with outdated financial capabilities? The conversation emphasizes the difficulties and issues to be considered while applying innovation accounting, such as integrating it with current measures and dealing with national opposition. Notwithstanding these problems, innovation accounting has much to deal with in decision-making, risk alleviation, and resource optimization. In terms of potential applications in cutting-edge fields like sustainability and social influence, innovation accountings upcoming rests in additional development and integration within initiatives. All things measured, innovation accounting is a potent appliance for directing innovation endeavors and assuring sustained success in today’s rapidly developing business environment. Encouraging open discourse and teamwork between departments enables the collection of diverse ideas and the development of innovative strategies. Open revelation and improved decision-making can also be eased by using graphical instruments like innovation dashboards. By applying an organized policy for innovation accounting, businesses can recover their capability for both creative and sustained innovation.

Keywords: Innovation; Accounting; Business; Company; Manage; Indicators (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:eurchp:978-3-031-80256-0_19

Ordering information: This item can be ordered from
http://www.springer.com/9783031802560

DOI: 10.1007/978-3-031-80256-0_19

Access Statistics for this chapter

More chapters in Eurasian Studies in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().