Advanced Innovation Training, Principles and Methods
Business innovation is when an organization introduces new processes, services, or products to affect positive change in its business.
The goal is to reinvigorate a business, creating new value and boosting growth and productivity. This can include improving existing methods or practices, or starting from scratch.
Leadership professionals believe innovation is crucial in order for a company to survive and should be included in business plans. Successful business innovation means finding new revenue opportunities, optimizing existing channels and, ultimately, generating higher profits. It should also give companies an advantage over their competitors.
A business plan that includes the need for innovation can benefit an organization in several ways. For example, it can increase productivity. In order to work smarter, think creatively. Focus on what things you should streamline and what things you need to cut out. Also, focus on the programs and workflows that you can use to increase productivity.
Various creative ideas and innovation should be tapped into to make an organization stand out from its competition. In order to make people remember your business, you need innovative ideas. You can create a new brand, develop a quirky business or can work with a nonprofit organization.
Once an organization develops a unique aspect in their business, they should market it. Just innovate a marketing plan that suits your business’ personality. Stand out from all other businesses and this will help you make a unique identity among customers.
An innovative company also moves forward by coming up with creative answers to solve certain problems in business. Many times you’ll face problems that don’t seem to go away. You need to think outside the box to find an answer you’ve never come up with.
Innovative organizations are excellent at gathering info from various sectors then turning the data over to leadership for analysis and eventually brainstorming sessions. You never know when the “big idea” will come from something you didn’t pay attention to at the time, so being able to go back and review ideas at a team is very valuable.
Innovation training programs like those offered by Tonex can also help companies get on track with innovation. Innovation training programs are a worthwhile investment of time and energy for many organizations.
Advanced Innovation Training, Principles and Methods Course by Tonex
Advanced Innovation Training, Principles and Methods is a 2-day Capstone-based training workshop. Organizations can create new products, services, or technologies constantly, but without a structured plan, the chances of success are low.
In this Advanced Innovation Principles and Methods course, participants will learn how to develop an innovation strategy that aligns with their organization’s goals. Participants will complete activities that allow them to create and iterate on various aspects of a successful strategy, including identifying an executive champion and other supportive stakeholders as well as developing an overall vision, SMART goals (specific and measurable, attainable, relevant, and time-bound).
Participants will also explore two main questions: Why do great product ideas fail; and what are some macro-environmental factors that cause change within the organization?
You will investigate the innovator’s dilemma and try to find out if adoption of technologies is speeding up (or not). You will use tools to help you consider macro factors and the impact that these would have on your organization (PESTLE analysis). Additionally, you will apply tools that will help you determine if your next technology is likely to be disruptive: Passion is the fuel, and pain is the hidden ingredient.
Learning Objectives
Upon completion of this course, students will possess a greater understanding of the tools that every innovative organization needs to succeed.
- A wider and deeper set of innovation skills
- A greater understanding of the best and most current research on innovation
- Deeper insights into customer/client/user needs
- Learning best practices from commercial vendors experiences
- Personal feedback and advice from innovation coaching
- A greater capacity to keep honing innovation skills
- How to take the many ideas you generate and determine which ones are likely to produce specific, desired outcomes
- How to use design thinking to generate innovative ideas
- Apply strategic thinking and tools to evaluate relative advantage
- Lead strategic decision-making about innovation in order to compete
- Learn how to design and govern a team, project, and organization
- Demonstrate an understanding of a range of disruptive technologies and their implications on organizations, industry sectors and societies
- Develop strategies and approaches to manage disruptive technologies by creating new business models
Course Content
Innovation Principles and Methods
- The Essence of Innovation
- Language, culture, and problem-solving
- Convert problems to ideas
- Innovation and system thinking
- Innovation systems
- Driving innovation in your organization
- Effective exchange and to physical proximity between people
- Sustaining innovation process
- How to leverage Differences
Developing Innovation Strategy
- Innovation placement road map
- Tools to align organization’s goals and innovation strategy
- Principles behind SMART goals
- M.A.R.T. goal setting: Specific
- M.A.R.T. goal setting: Measurable
- M.A.R.T. goal setting: Attainable
- M.A.R.T. goal setting: Relevant
- M.A.R.T. goal setting: Timely
Building Innovation Competencies
- To create and sustain a culture of innovation and entrepreneurship
- Establish an environment that supports certain mindsets
- Competencies that convert ideas to impact
- Three (3) key innovation competencies
- Lean startup, maker culture, and design thinking
Preparing Your Mind for Innovation
- Design thinking
- Process, tools, and people
- The physics of innovation
- How prepared is your mind?
- Storytelling tool
- Idea generation
- The idea generation process
- Mind mapping tool
- Experimentation
- What wows & what works?
- Learning launch tool
- Reviewing lessons learned
- Strategic opportunities
Innovation Tools and Technologies
- Tools to implement innovation at your organization
- Tools to increase cultural and financial ROI, please customers, and improve operational efficiencies
- Conducting employee training
- Hosting hackathons
- Implementing design sprints to more complex methods
- Establishing an external incubator
- Founding a center of excellence
- Partnership with other organizations
- Mobile Apps
- Artificial Intelligence (AI) and AI-enabled platforms
- Machine Learning (ML) and Deep Learning (DL)
- Autonomous Driving
- Drones
- Blockchain
- Biometrics
- IoT
- 5G, Wi-Fi, Bluetooth, ZigBee, RFID ad NFC
- Sensors and sensing cities
- Serverless computing
- Robotics
- Robot dexterity,
- Augmented reality
- Smooth-talking AI assistants
- Agile and Scrum
- Lean manufacturing
- 3D printing
- Custom cancer vaccines
Implementing Innovation
- Innovation strategy and a vision
- SMART goals
- Outcome measures
- Competencies
- Lean startup, makerspace, and design thinking
- Selected tools to build an innovation culture
- implement your strategy
- Map key internal stakeholders
- Devise a campaign plan for your strategy and build a dedicated team
- Different motivations of your innovation shop
- The performance engine
- Learn to work effectively with performance engine team members
Evaluating and Scaling Innovation
- Devise a strategy to manage a portfolio of innovation projects
- Best practices for portfolio management
- Establish a plan to spread your innovation and innovation culture
- Examine typical risks to your scaling your strategy
- Methods to establish a sustainment plan
- Pitch your innovation placement at your organization
Design Thinking for Innovation
- Introduction to design thinking
- Business model innovation
- Challenges best-suited for design thinking
- Managing innovation and design thinking
- Innovation management
- Strategic management of innovation
- The impact of technology
- Innovation and emerging technologies
- Digital transformation in DoD
- Digital competition in military
- Innovation strategy: developing your innovative strategy
- Change and disruptive innovation
- Boosting creativity for innovation
Strategic Management of Innovation
- Making strategic decisions about innovation
- Innovation in shaping the strategic decisions
- Methods to source innovation
- Types and patterns of innovation
- Protect innovation
- Crucial question of timing
Organizational Design and Management
- Value-creating potential of your business idea
- Design the business model to capture this value
- Manage talent and creativity
- Structuring the right incentives for existing employees
- Design strategies to retain and attract the very best talent
- Design formal organization structures that fit with the strategy of your business
- Recognize and manage bottlenecks hampering organizational growth
Capstone Project
- Use ideas to help your organization to solve a problem
- Use any of these technologies to help
- Mobile apps
- Artificial Intelligence (AI) and AI-enabled platforms
- Machine Learning (ML) and Deep Learning (DL)
- Autonomous Driving
- Drones
- Blockchain
- IoT
- 5G, Wi-Fi, Bluetooth, ZigBee, RFID ad NFC
- Sensors and sensing cities
- Serverless computing
- Robotics
- Robot dexterity,
- Biometrics
- 3D printing
- Augmented reality
- Custom cancer vaccines
- Smooth-talking AI assistants
- Agile and Scrum
- Lean
Advanced Innovation Training, Principles and Methods