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Innovation Management - Role Of The Accounting Function
Essay specific features


Written by:
James B
Date added:
December 22, 2016
Level:
University
Grade:
A
No of pages / words:
3 / 840
Was viewed:
5231 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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