Managing the Portfolio of Innovation

 
 
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Why would a CEO spend the time and money to have his Managers attend this course?

  • Understand how to create a Culture of Innovation.
  • Looking for a major change in his business.
  • Has a good handle on Innovation but need some structure to manage it.
  • Old ways of handling Innovation don't work any more.
  • Personally need everyone in Management to get re-grounded & re-focused before moving forward with the next phase of his business.
  • Learn how to engage other employees in the process of Innovation.
  • Learn how to honestly look at his capabilities relative to the competition.

What will Management get from this course?

  • A lively forum of interaction that activate a lot of discussion after the class.
  • Highly participative & interactive 2 days where they can speak and be heard multiple times and receive feedback from other managers on this very important subject.
  • The Management Team will have ample opportunity to share their ideas and expertise with other managers who want and need feedback.
  • Opportunity to focus on the future of their company and determine how to get from where they currently are to where they want to be.
  • Learn powerful techniques for organizing their Innovation Ideas.
  • At least three Incremental Innovation ideas ($100,000 benefit/$2,000 cost to implement) will be identified, analyzed, solutions proposed, and metrics defined to solve the proposed problem before the course is completed. A very practical problem solving experience.

What are the benefits of this course?

  • 2 days to work "on" the business not "in" it.
  • Create a clear plan on how to more effectively organize the company’s Innovation Portfolio.
  • Leave with 3 identified incremental innovations ($100,000 benefit/$2,000 cost to implement) and how these may be resolved in the next 2 months.
  • Thoroughly explore current threats from competition in the Innovation arena.
  • Will have reviewed what's working and not working in your business and crafted a game plan for further improvement and changes in Innovation Management.

Format of Course

  • Short introduction to each section ie: sparker sessions, no lectures
  • Brainstorming
  • Group Sharing
  • Facilitated Group Feedback
  • Facilitated Discussions

The Outcome

Three HVLC Opportunities will have been addressed with a plan:

  • Learn a process to identify HVLC opportunities, analyze the quickly, put a plan in place to address the opportunity and learn a few measurement techniques to monitor progress on the implementation.
  • Identify and eliminate bothersome problems.
  • Learn how to get all employees involved in the Innovation process.
  • Evaluate what's working in your company and how to do more of it.
  • Review HVLC Opportunities in products/services, strategies, people, assets, and systems and prioritize plans to address them.

Learn how to develop and manage a Portfolio of Innovation:

  • Learn the Strategy to create the Culture of Innovation
  • Learn the “4 Types” of Innovation
  • Understand the “5 Steps” to take to create the Portfolio of Innovation
  • Learn the “6 Stages” of the Innovation Process
  • Understand the rationalization of Innovation in your business
  • Learn how your company compares to the competition in your industry

The Tools

  • Teaming up with peers and managers in the organization
  • Highly interactive exercises geared to facilitate brainstorming
  • Focused exercises geared towards creating the key words and short phrases that powerfully, yet simply communicate the plan
  • HVLC Innovation process
  • An experienced consultant with over 30 years of business experience who moderates each session