Accelerating Strategic Innovation
Innovation is both the biggest challenge and the biggest opportunity that modern businesses face. 84% of executives say that innovation is important to their organization's success (1), and 75% say it is one of their top three initiatives (2). It used to be that only tech companies and advanced consumer retail businesses needed to focus on innovation. Today, across all industries and sectors, if you are not innovating, you're probably falling behind
The problem is that innovation isn't like the other functions at your organization. The better you are at what you do now, the more difficult it will be to pursue novel ideas and opportunities. This is the heart of the Innovator's Dilemma.
In this program, you'll directly experience the challenge of innovation in organizations, uncovering the structural and cultural barriers that hinder creativity. You will see examples of policies and processes to facilitate innovation across the business. You will learn and practice specific tools and systems that you can implement immediately, as well as the core principles of innovation to implement a comprehensive innovation system for the long haul.
(1) Accenture "U.S. Innovation Survey: Clear Vision, Cloudy Execution" 2015
(2) Boston Consulting Group "Overcoming the Innovation Readiness Gap" 2021
Who Should Attend
This program will help any manager or leader expected to support and facilitate innovative processes and outcomes. Functional managers, divisional leaders, and executive leaders will benefit from an improved understanding of the unique challenges of managing a system of innovation.
Continuing Education Units
This course provides 1.4 Continuing Education Units (CEUs)
How You Will Benefit
- Identify and experience the barriers to innovation in your own organization
- Understand why innovation needs to be managed differently than other organizational functions and activities
- Identify the principles of an effective organizational innovation system
- Learn and practice tools and techniques that lead to creative, breakthrough thinking in your organization
- Explore experimentation and validated learning as a key framework for making decisions under uncertainty
- Improve your ability to harness the creativity and innovative capacity of your team
- Understand how to generate a culture of creativity and the policies and incentives to encourage innovative behavior
Day 1: The Innovation Challenge
- The Innovation Marketplace: Dr. Bock's national award-winning activity allows you to experience how innovation fails in organization
- Why innovation matters
- The structural and cultural barriers to innovation in organizations
- The Innovator's Dilemma: Innovation is different than all other organizational functions
- Linking innovation to stakeholder needs
- Creating stakeholder journey maps
Day 2: Building a System of Innovation
- Developing a portfolio approach to sustainable innovation
- The challenge of creativity in the organization
- Using structured brainstorming to generate breakthrough thinking
- Leveraging prototyping for all types of organizational innovation
- Understanding the cognitive biases that hinder calculated risk-taking
- Identifying and utilizing the principles of effective innovation
- Creating systems to encourage low-cost, low-risk experimentation
Adam is an award-winning academic, serial entrepreneur, and experienced strategy consultant. Adam has co-authored three books on business models and entrepreneurship. He has published more than 20 peer-reviewed articles and book chapters.
He was a strategy consultant with Michael Porter’s Monitor Group, serving clients such as AT&T, Hewlett-Packard, Heineken, and the State of California. Adam co-founded four university spin-outs in the life sciences: Nerites Corporation, Stratatech Corporation, Virtual Incision Corporation, and Cellular Logistics. He served as CFO of all four ventures and interim CEO of two of the companies. He has served on organizational Boards and mentors entrepreneurs around the world.
Adam provides executive education and coaching in strategy, entrepreneurship, and innovation through the Center for Professional & Executive Development at the Fluno Center. His CPED clients include international pharmaceutical companies, global consumer packaged goods businesses, regional and national technology companies, and state government entities. He has taught courses on strategy, entrepreneurship, and innovation at universities around the world. He has also developed a series of online entrepreneurship courses in use in the UK and the US.
He won the 2018 National 3E Award from the United States Association of Small Business and Entrepreneurship (USASBE) for the best experiential entrepreneurial classroom activity.
Adam is a Fellow of the UK Higher Education Academy. He was selected as a Member of the Royal Society of Edinburgh Young Academy in 2012. Adam served on the World Entrepreneurship Forum (Lyon, France) from 2011-2013.
Adam holds bachelors’ degrees in Aeronautical Engineering and Quantitative Economics from Stanford University, an MBA from the University of Wisconsin-Madison, and a Ph.D. in Innovation and Entrepreneurship from Imperial College London.
Program: 8:15 a.m.-5 p.m.
Lunch and Breaks are Included with Program Registration
Program Check-In will be 7:30-8:15 a.m. on the first day of the program.