Incorporating innovation in your business is essential to get the competitive advantage. Implementing new ideas and improving the business can be achieved through innovation which acts like a catalyst for growth and success.
Innovation should be an integral part of the business strategy. Successful innovation results in efficient work processes and productivity.
Understanding what is Innovation
-Understand what innovation is and is not.
-Traditional vs current approaches for innovation.
Identify Innovation Cultures prevailing
-Understand what innovation culture is.
-Understand barriers to creating a culture of innovation
-How to create the culture within the organization which supports innovation
The Innovation Process
-Identify the drivers for innovation.
-Need for Innovation
-Innovation in terms of ideas and visions
-Identify any restraining forces for innovation
-Identify areas for innovation
-Product, process and strategic
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Techniques for generating ideas.
Structuring the Ideas for Innovation
-Recording ideas through various brainstorming techniques.
-Discuss and expand the recorded ideas
-Group ideas and visions as per business process and requirements
-Create accurate statement to represent each group of visions and ideas.
-Identify all stakeholders impacted by each idea group
-Review and finalize the innovation statements
Develop the Strategic Innovation Plan
-Identify benefits of each innovation statement for various stakeholders
-Categorize the qualitative and quantitative benefits of the idea statement
-Estimate the business potential for each innovation statement
-Identify blockages to Innovation
-Overcome barriers toInnovation by identifying and developing options/solutions to overcome these barriers to the innovations.
-Measure the impact of going with the final decision or not going with it.
Prioritize the innovations to ensure those with the highest impact are realized first.
Develop the Business Effectiveness Strategy for innovation implementation
-Identify all the requirements for innovation implementation.
-Identify the action steps and resources required to ensure the innovations are successfully implemented.
-Estimate the time required to implement each innovation.
-Finalize the cost-benefit analysis of the innovations
Innovation for Effective Business Strategy Training Course Schedule
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