Recognizing the value of our innovation-related assets is where the ‘smart money’ should go. To gain growth and to improve productivity is through innovation. We need to translate knowledge into new values.
When you pause and consider the make-up of Innovation Capital you realize it makes such an economic contribution and in a report from McKinsey & Co, they have…Continue
I’ve just returned from an extremely exciting and stimulating trip to Chile hosted by Smarter-Companies partner firm Akloe including Arturo Alba, Rodrigo Leon, and Tomas Viveros. Besides getting to know a lovely city and its citizens, I was thrilled to have such a warm and interested reception for our message around…Continue
Added by Mary Adams on July 7, 2014 at 1:26pm — No Comments
Itaú Unibanco's Integrated Report 2013 provides a clear insight into the company's capitals.
To guide readers, the report uses navigation icons, which represents the company's capitals throughout.
The report also provides its own interpretation of the six capitals, based on the International <IR> Framework, and the relation of those capitals to the organization's business model.
Each features a dedicated section offering contextual information, key…Continue
In a report commissioned by the B20, the business forum that advises G20 governments, the six largest global accounting networks¹ have endorsed <IR> as a key innovation that will make corporate reporting more conducive to long-term investment.
The report highlights the urgency with which policymakers must tackle the structural gap in infrastructure investment, estimated to be US$500 billion annually, and says that corporate reporting has a vital role to play in…
Added by Paul Hobcraft on June 29, 2014 at 7:09am — No Comments
Added by Mary Adams on June 13, 2014 at 2:00pm — No Comments
Exciting news came to 9yahds last week! Providing our users with a 'community folder' of shared processes will take just 72 hours of development. Hence, we are running full steam ahead to populate the folder for when it goes live!
What does that mean? It means we are taking expertly authored business processes and placing them in a folder that all users of 9yahds can copy and use. This gives users a chance to see what a process should look like, compare it to how they may do things…Continue
Added by Pamela Simpson on June 9, 2014 at 3:16pm — No Comments
It was fascinating to read the NYTimes story about the decision process behind the creation of Harvard Business School’s new on-line offering called Business School Disrupted. The offering, called HBX, teaches “pre-MBA” classes via an elaborate multi-screened platform and is the business school’s answer to education and the…Continue
A good morning or good evening to you all. My thought for today, well actually for all my days.
All the capitals ‘fire’ innovation. They make…Continue
Added by Paul Hobcraft on May 28, 2014 at 8:30am — No Comments
As soon as the NCAA lacrosse tournament is over, my freshman at Trinity College, will return home to Western Ma. for a very short stay before heading to Boston for 2 months where she will become an unpaid intern for two different organizations. The first will be a PR firm (2 days a week), and the remaining days, she will be working on a political campaign.
As the PR firm asked her to participate in writing a curriculum, I became interested in the 'curriculum' aspects of unpaid…Continue
Added by Pamela Simpson on May 15, 2014 at 3:36pm — No Comments
In the latest BVWire newsletter, there’s something of a bombshell (if you’re into this kind of thing):
Fair value is on hold at the FASB, observes Adam Smith (FASB), due to concerns over the BV profession. Up to now, the FASB has been a proponent of fair value in financial statements. This trend will not continue, according to Smith, because of the fragmented nature…
Ideas can be powerful but are often hidden. Case in point: the conceptual model of intangible capital as the driver of economic growth is becoming fixed in the public discourse. Whether people know it or not, they are implicitly using the concepts without explicitly referencing the model. An example is a recent speech by Chairman Jason Furman, Chairman of the President's Council of Economic Advisers…Continue
I wrote two blogposts in the last few days, partly in preparation for some discussions, partly to reaffirm some thinking
I'd like to share these within this community, if you have time to read them- wonderful, if you feel like commenting on them- even better.
Are we measuring what really matters?…Continue
Maybe it’s just a coincidence but I received two messages today. One from a contact here in the Boston area. And another from Europe. I thought I would share the questions and my answers as a way to start a conversation about intangibles, intangibles measurement and “hard” business results. I would love to hear your thoughts....
Question 1: Is there any evidence that evaluators consider seriously the findings of an intangibles assessment in acquisitions or…
When I read this part of Paul Druckman's speech (the MD of IIRC) I felt a very distinct value proposition had been articulated at a forum in Singapore attended by around 120 representatives from Singapore’s leading business, investor, accounting and academic organisations.
Druckman said, “We are living in an age when Apple has a higher market capitalisation than the world’s seven largest car manufacturers combined. That fact reveals how much our economy, and the concept of value,…
Added by Paul Hobcraft on April 30, 2014 at 11:46am — No Comments
"Europe is sending a strong signal to the rest of the world, advancing the global move towards Integrated Reporting" Richard Howitt MEP
The European Commission, which this month passed legislation that will require around 6,000 European entities to disclose on non-financial and diversity information, has hailed <IR> as a "step ahead". In its…
Added by Paul Hobcraft on April 30, 2014 at 11:30am — No Comments
Those of you interested in Integrated Reporting might like to view the three short You Tube interviews with the CEO made in the last weeks.
Added by Paul Hobcraft on March 28, 2014 at 8:36am — No Comments
I like to say that performance measures should be “actionable,” in that they are useful for a decision that needs to be made. To be useful, the measures need to provide information useful to, fit the decision style of, and be easily understandable by a decision-maker. When I develop performance measures, I first work with the decision-makers to understand the decisions they face and what information will be useful for their…Continue
„e-mentor” (polish scientific journal) just published interesting article entitled as this post. Here is its english summary:
„In the last decade the development of the discipline of knowledge management has slowed compared to the previous successful period. Currently, this development can be accelerated again, because a new branch of post-industrial financial accounting adopted the concept of intellectual capital. The purpose of this article is to present the innovatory…Continue
Recent comments released from IIRC in their February 2014 Newsletter
Managing Director of the International Monetary Fund, Christine Lagarde, has spoken of, "the breakneck pattern of integration and interconnectedness that defines our time”, bringing with it tensions in economic sustainability and global interconnections. <IR> is an important mechanism for driving the new way of thinking and behaviour needed in the ‘hyper-connected’ world that Lagarde has described. It focuses…Continue
What we need is to recognize is the real “nesting effect” from all of our capitals. Each of our capitals performs a particular function and the overhaul make-up of their understanding becomes our eventual code to perform innovation.
Each organizations uses it mix of capitals to accomplish and generate innovation. It is in this mixture of combinations brought together constantly in different ways , this ‘nested effect’ that innovation occurs. The…Continue
Added by Paul Hobcraft on February 27, 2014 at 5:30am — No Comments