Innovation and Strategy

Course Objectives:

By the end of the course, participants will be able to:

• Analyze your business reality and make strategic decisions that are directly applicable
• Develop an innovative mindset and design systems and procedures that unlock innovation in your organization
• Design and implement strategies that leverage greater value for your customers, help you capture new markets, and enable you to tackle strategic challenges
• Apply principled ideas that enhance your strategic choices and compound your results
• Create a winning company culture that fosters innovation, collaboration, and high performance

Course outline

Fundamentals of Strategic Management

• The essential components of strategy
• Strategic problem solving
• Framing the challenge and formulating a strategic hypothesis
• Strategic analysis and the Industry Environment
• Strategic sources of power and multipliers
• Introduction to delegate’s particular core strategic challenges

Strategic Innovation

• Fundamentals of Innovation
• Gaining insights: tools and techniques
• Trend curation and analysis
• Business innovation
• Implementing innovation in the organization
• Bringing innovation to market

Unlocking Strategic Value

• Unlock strategic value
• Scenario Planning
• Value Pricing
• Unlock customer opportunities
• Become a “category of one”
• Compound your results in a virtuous cycle of action

Strategic Leadership

• Principled Decision-Making
• Leadership systems to enhance strategic choices
• Creating and stimulating a conscious organization
• Aligning organizational structure with strategy
• The role of leadership and culture in strategy implementation

Strategic Implementation, Evaluation, and Control

• Implementing strategy in the organization
• Evaluation and control in strategy implementation
• The use of balanced scorecard, bench-marking, and other strategic tools
• Apply continuous improvement
• Set up systems for ongoing feedback