Remove GAAP Remove Innovation Remove Intangible Assets Remove Technology

GDP Is a Wildly Flawed Measure for the Digital Age

Harvard Business

New workers embarking on their careers are finding that their education is incomplete in many areas essential to our technology-driven lives today. While all of these are contributing factors, the major factor, in our view, is the deflationary effect of technology, which our measurement systems fail to account for. It struggles to account for today’s intangible assets—services, insights, and networks. HBR STAFF.

GDP 44

On Creative Accounting: Two Creativity Myths

Harvard Business Review

Wall Street's " financial innovations " of recent years seem to have given creativity a bad name. Hitler's human extermination empire was quite new in its scope, organization, and technology. As long as the new ideas cohere with ethical standards, and generally accepted accounting principles ( GAAP ), they can yield immense benefits. Tags: Creativity Ethics Innovation GAAP "Creative accounting" is really bad. Except when it's good.

GAAP 17