Demystifying Innovation

Overview

Innovation is about challenging assumptions, questioning the current rules of the game. It is not about being competitive, but being different, not playing the game, but creating a new game. Innovation is about experimentation and learning to fail often in order to succeed sooner. It is a comprehensive concept that goes beyond the development and successful commercialisation of new products, but as well includes innovation in processes, consumer experiences, business models, and the way the organisation is managed.

Sustainable innovation is a product of deep social and cultural evolution which ties the aspirations of employees to the expectations of the company. Innovation therefore, goes beyond just a new product or service. It implies a new conceptualisation of reality. The big challenge is not to make innovation an event, but rather a routine. Innovation must be predictable and systematic. It must be part of a daily, measurable and evaluated activity within the business.

At the end of the day, strategy is the synthesis of several factors. It is information implosion, the pattern of decisions within a series of actions, the organisation's philosophy, its style, its view of its surroundings and the way in which it decides to determine its future: adaptation vs. innovation. This innovation workshop will enhance the success of an already successful business by identifying innovation challenges worth pursuing.

This programme will also provide you with the tools, techniques and perspectives that will help you to more effectively develop new products. Incorporating cutting-edge thinking and best practices in new product development, this programme will help you to both create and modify your organisation's new product development process.

The programme objectives of this 2 day workshop include:

  • To identify the drivers of development and innovation
  • To explore the cognitive and behavioural challenges that innovation represents
  • To discuss potential sources of innovation
  • To learn how to innovate

Target Audience

Persons who will benefit from attending this workshop include:

  • Marketing Specialists
  • Business Development Specialists
  • Design and Manufacturing Personnel
  • Customer Service Individuals
  • Front Line Managers
  • Product Development Officers
  • Sales Personnel

Learning Objectives

At the end of the workshop, participants should be able to:

  • Identify the different inhibitors and drivers of business development with a focus on innovation.
  • Apply management models that drive and structure their organisation around radical, non-incremental improvement that balances the forces of efficiency with exploration and experimentation.
  • Describe organisational and operational problems, the challenges of innovation, as well as the process of brainstorming.
  • Develop a new product strategy
  • Develop a new product development process that is based on cutting-edge frameworks and approaches

Programme Outline

DAY 1

  • Strategies for growth
    • Internationalisation
    • Organic growth
    • Corporate venturing
    • Innovation
  • The orchestration of innovation strategies
    • From the chain of value to the value network
    • Design of disruptive business models
    • Creation of inter-organisational collaboration systems
  • Organising for innovation
    • Champions of innovation
    • Dynamics of Innovation
    • Extraordinary behaviors
    • Organisational structures geared toward innovation
  • The discipline of innovation
    • Identifying problems relevant to the business
    • The exploration process
    • The experimentation process
    • Visionary perspectives
  • Innovation: focus on the individual
    • Inspiration phase
    • Ideation phase
    • Execution phase - Darwin and Innovation - Case Study: IDEO
  • Introduction: How to innovate?

DAY 2

  • First Cycle- Challenges to Innovation
    • Identifying the challenges to innovation
    • Reframing and measuring the challenges to innovation
    • Management of Brainstorming sessions
    • Brainstorming
  • Second Cycle- Challenges of Innovation
    • Reframing the challenges to innovation
    • Brainstorming session
    • Selection of ideas
    • Generation of prototypes
    • Presentation of prototypes
  • Developing a New Products Strategy
    • Strategic Goals
    • Product Portfolio Management
    • Firm Innovativeness

Facilitator: Dr. Miguel Carrillo

Dr. Carrillo holds a Ph. D. in Strategy from McGill University in Montreal Canada. His latest management positions were:

  1. Dean, School of Business, Adolfo Ibañez School
  2. Dean, School of Business, ITESM Mexico City
  3. Finance Manager, Hewlett Packard, Palo Alto California
  4. Associate Consultant, Mckinsey & Co.

He provides consulting services in the area of strategy and innovation for firms such as Ernst & Young, Coca Cola FEMSA, CEMEX, FEMSA Cerveza, Volkswagen, Pfizer, Novartis. He has lectured in 12 different countries including China and India, and he has been a visiting professor at MIT, Adolfo Ibañez School of Business, University of Massachusetts, and University of Texas in Austin. He has published in several international journals.

Recently, he has been named Executive Director of the Arthur Lok Jack School of Business, of the University of West Indies in Trinidad and Tobago.

Details

Date View Event Calendar
Time 8:30 pm – 4:30 pm
Duration 2 Days
Cost TT $4,00.00 (inclusive of training materials, refreshments and Certificate of Participation) 
Please note that prices are subject to change without notice.
Venue Arthur Lok Jack Graduate School of Business
Max Richards Drive,
Uriah Butler Highway, North West,
Mt. Hope

Contact

Tel: 645-6700
Fax: 662-1411

Coordinators:

Brent Cassim - ext. 330
Sunil Nowbutt - ext. 343

E-mail:  openenrolment@lokjackgsb.edu.tt

Certification

Certificates will only be issued to participants who have attained a minimum attendance rate of 75% for the duration of the course.

Course Cancellation/ Reschedule Policy

Arthur Lok Jack GSB (ALJGSB) reserves the right to cancel training at any time. If ALJGSB cancels the training due to unforeseen circumstances beyond the control of ALJGSB, you are entitled to a full refund of the course fee, or your course fee can be credited toward a future training, based upon availability (providing payments have been made before original advertised date).

ALJGSB reserves the right to reschedule training at any time. If ALJGSB reschedules training due to unforeseen circumstances beyond the control of ALJGSB, the training will take place at the next available time. Participants will be informed via phone and/or e-mails.

 

  

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