Innovation Management - Role Of The Accounting Function

Essay specific features

 

Issue:

Business

 

Written by:

James B

 

Date added:

December 22, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 840

 

Was viewed:

5151 times

 

Rating of current essay:

 
Essay content:

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...
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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...
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