Managing Innovation, Change and Growth
People promoting innovation are typically creative. Leaders combine creativity with strategic skills, broader business acumen and change management skills to deliver growth. This program addresses these areas through providing participants access to best thinking in an engaging and challenging program.
You will learn all the tools utilised in the various functions of the business needed to mobilise resources towards growth fuelled by innovation.
Increasingly, innovation is at the centre of organisation's growth strategies. Moving onto a new growth platform may involve entering new markets, launching new products and services, introducing a new business model or developing different distribution channels.
While we understand the importance of innovation, both organisations and individuals can struggle with successfully implementing such initiatives. A key reason is that innovation requires different organisational capability to managing business as usual. Managing today requires control, discipline and processes; building tomorrow requires insight, strategic thinking, broad business understanding and both influencing and change management skills.
New growth platforms can arise from meeting or developing market needs, or by leveraging internal resources to find opportunities. The Managing Innovation, Change and Growth program explores the innovation imperative and why old business models can constrain growth. Strategic models from Five Forces, Hamel's Innovation Revolution, Blue Ocean Strategy and Prime Mover / Fast Second through to Disruptive Innovation will be explored. You will come to learn the tools needed to look at your marketplace differently.
Not all organisations can re-invent themselves to exploit new market opportunities. This program discovers how to leverage organisational competencies to create new opportunities. The presenters will discuss organisational value chain analysis, identifying competencies and converting these assets into opportunity.
Innovators are those in the organisation who are responsible for developing creative initiatives. This program provides innovators with the tools to translate innovation opps into financial plans. We delve into fundamental financial tools such as financial statement analysis, profit & loss and net present value. The presenters will also cover financial modelling, scenario planning, valuing options and budgeting within uncertainty.
Developing innovation ideas is a skill which can be acquired. This program provides an interesting approach to gain insights, brainstorm new ideas and develop new value propositions.
Topics
- Market Led Innovation
- Resource Led Innovation
- Financial Tools for Innovation
- Opportunity Identification
- Selling your Business Plan
- The Challenge of Change
- Implementing Innovation
The Managing Innovation, Change and Growth program will of particular interest if you:
- Are a senior manager or high potential manager within your organisation
- Are playing a key role in leading an innovation or growth initiative
- Wish to enhance your strategic thinking, leadership and commercial acumen skills around innovation
- You will learn to leverage internal resources to seek out opportunities
- Develop the creativity, strategic & change management skills needed to broaden your business acumen to deliver growth
- Mobilise business resources to successfully implement innovation initiatives
- Understand how to translate innovation into financial terms
- Become more tactful in managing resistance to change by inspiring others
- You will have the opportunity to engage in discussion forums with your peers and gain insight into best practice
- You will be given practical and relevant guidance from authoritative speakers
Dr Chris Clark
Dr Chris Clark lectures and consults in the areas of marketing, sales and strategic planning. Chris draws upon his own experience as a senior Marketing Manager within the pharmaceutical and office equipment industries to provide challenging frameworks for growth.
Associate Professor Guy Ford
Associate Professor Guy Ford teaches in the areas of financial management, corporate acquisitions, corporate reconstructions and accounting for management. Guy teaches on a number of corporate program, and is MGSM's Director, Academic Programs.
Professor Richard Badham
Professor Richard Badham teaches and researches in the areas of managing change, organisational politics and leadership, innovation, organisational redesign and organisational culture. He works with leading Australian organisations to assist in implementing change initiatives.
Allan Ryan
Allan Ryan (Program Director) is one of the most respected facilitators in innovation in Australia. He is the founder of the Hargraves Institute which provides a forum for organisations to collaborate and learn about innovation. Hargraves foundation member organisations include Westpac, Caltex, Cochlear and Roche Products. Allan teaches and consults in the areas of innovation, idea generation and leadership.
BRW partnership
BRW Magazine is the pre-eminent business magazine in Australia, and a strong supporter of developing management practices in Australia. BRW Managing Editor, Peter Roberts, is also a highly respected presenter in the area of Innovation Strategy, and will be a keynote Dinner Speaker during the program.
Dates
19 - 21 May 2009, non residential.
Fees
$4,620 (inc GST)
Fees includes tuition, program materials and catering.
Venues
MGSM Executive Hotel & Conference Centre
Macquarie Park, North Ryde, Sydney.
Program Coordinator
Phone: + 61 2 9850 9016
Fax: +61 2 9850 8630
Email: Public-Programs@mgsm.edu.au