About the Course
The course provides a blueprint for leading growth that is sustainable, strategic and does not compromise the stability or brand integrity of the existing business. It addresses the critical challenge of simultaneously pursuing ambitious new ventures (innovation) while rigorously maintaining the quality, efficiency and performance of the core business (focus). The content focus is on the practical application of leadership models that successfully balance 'exploitation' (optimising the present) and 'exploration' (creating the future).
Purpose of the course
The primary purpose of this course is to equip you with the mindset and tools to manage the paradox of sustained innovation; the necessity of change, coupled with the need for business stability.
Upon completion, you will be able to:
Opportunity Alignment
Identify innovation opportunities that align with your business strategy and address the most pressing customer pain points.
Idea Testing
Master the art of running low-risk experiments to test new ideas quickly and cost-effectively, minimising resource drain and distraction.
Innovation Investment
Discover proven methods for prioritising innovation investments, ensuring your efforts deliver maximum impact without jeopardising core operations.
Innovation Discipline
Build systems to institutionalise innovation discipline, enabling your team to innovate consistently while staying focused on business goals.
Leadership Advice
Apply actionable leadership tips, such as separating innovation from core operations, killing weak ideas quickly.
Innovation Roadmap
Participate in hands-on exercises and expert-led session to develop a practical innovation roadmap tailored to your business needs.
Key topics include:
Ambidextrous Leadership
Strategies for building a culture and structure that can execute existing models flawlessly while simultaneously incubating disruptive ideas.
Strategic Portfolio Management
Techniques for identifying, evaluating, prioritising, and funding a balanced portfolio of innovation projects, from incremental improvements to radical, horizon three ventures, to ensure they align with the core mission.
The 'Innovation Budget' (Time, Talent, and Cash)
Defining and protecting the dedicated resources needed for high-risk exploration without starving the core business.
Metrics for the Unknown
Developing tailored key performance indicators (KPIs) and stage-gate processes for nascent projects that value learning and failure, rather than prematurely judging them by core business metrics.
Your Instructor
TBC
