Innovation is essential to stay competitive and sustainable in a changing market. In the research report Seven steps to technological innovation: The case of the Australian and Italian wine industry, you will discover how innovation requires finance professionals with a keen eye on risk and financial management. Management accountants are vital to successful implementation of technical innovations. The analysis of the wine industry uncovers seven strategic steps that can lead to successful project management of digital innovation.
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Seven steps to technological innovation: The case of the Australian and Italian wine industry
Apr 30, 2022 · 1.6 MB Download
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This research investigated the drivers, barriers and benefits of technological innovation (including blockchain, Internet of Things (IoT), robotics and Industry 4.0 applications) and the role of management accountants in managing innovation projects within the Australian and Italian wine industry.
This report outlines seven steps which can lead to successful project management of digital innovation and finds that incremental innovation across a portfolio of projects works better than a “big-bang” approach.
It finds that management accountants, with their focus on risk and financial management, play an important role in the implementation of technical innovation. It also stresses the importance of management accountants understanding digital technology and jargon, sustainability issues and how to measure non-financial performance in order to continue to play a leading role in this area.
Download the Seven steps to technological innovation: The case of the Australian and Italian wine industry
File name: wine-industry-research-report.pdf
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