Enterprise Innovation

Organisations that will thrive in an era of global competition will be those that are able to embrace innovation within their business culture, systems and strategy. Successful organisations need to be able to tap into their imagination, knowledge and experience to continuously re-invent, refine or reinvigorate their core business concept.

Research suggests that there are a number of key ingredients required to create and sustain innovation at the enterprise level:

1. Leadership that encourages, recognises and rewards innovation at all levels in the enterprise;
2. A conscious desire for innovation to support growth and profitability;
3. A culture that embraces diversity, tolerance, talent and technology;
4. The foresight to make change that is relevant to companies and individuals, and useful for the world.

Source: Innovation and Business Skills Australia (IBSA), Enterprise Innovation Paper, 2009.

Organisations with a systemic innovation capability can identify new business opportunities that are seemingly invisible to their competitors.

Project Management Development International in partnership with Corporate Development Australia is proud to offer a genuine contribution to increasing the innovation capacity and productivity of Australian businesses through the following suite of high level training products.

The Innovation Laboratory

The Innovation Laboratory is a corporate training program designed for organisations seeking to become more successful by harnessing the knowledge, ingenuity and spirit of their people.

The Innovation Laboratory is designed to help organisations develop a self- sustaining innovation system. Drawing on contemporary strategies and techniques in innovation, the program allows an organisation to develop the capability to:

• actively seek and identify new business opportunities
• rigorously filter and screen new ideas to identify the strongest business opportunities
• frame the new business concept strategically and take advantage of opportunities in the commercial marketplace.

The focus of the Innovation Laboratory is to build a long-term innovation capability within an organisation.

The program is designed to be undertaken as a series of facilitated workshops which can be taken as a consolidated program or as individual modules (see descriptions below).

Environmental Scanning

The first step in the “innovation process”.

INVESTIGATE – the research and investigation phase.

Participants are presented with a future business “environmental scan” of their sector and asked to consider  this in looking at their organisation in a new light consider emerging developments and opportunities in the marketplace.

The intention of this stage is to gather business intelligence and information relevant to the possible future state of an organization.

Business Concept Development

CREATE – the creative phase moves participants through numerous brainstorming and idea-generation processes.The intention of this stage is to develop as many ideas as possible (for new products, processes, management approaches, marketing initiatives etc.).

Opportunity Appraisal

EVALUATE – the divergent processes of the first two phases become more convergent and disciplined as participants utilize relevant screening techniques in order to determine the difference between a ‘good idea’ and a business concept that is likely to be robust and successful.

The intention of this stage is to select only the most robust innovation opportunities and to take these through to business case approval.

Opportunity Activation

ACTIVATE – the final phase of the innovation process is where ideas are turned into reality and the innovation concept is implemented into the business or marketplace.

The intention of this stage is to ensure the innovation concept is positioned for success and activated in a manner that maximizes the opportunities for success.

Program Delivery

Programs are typically delivered to cohorts of 10 to 20 people from the one organisation. This allows the program to be customised to the needs of an organisation and ensures that application to live business opportunities within that enterprise is possible.

Programs can also be delivered to cohorts from partner organizations if suitable synergies exist.

Talk to us about undertaking the whole program or some of the constituent modules.

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