Innovation and Its Management
While many businesses view innovation as a competitive necessity for future success, only a few have a robust and ingrained innovation strategy and implementation plan to guide their efforts.
This hands-on module is designed for businesses who believe there is always a better way, and are engaged in innovation, product/service improvement, engineering or Research and Development (R&D) activities.
The module covers immediately actionable guidance on (1) setting innovation priorities (2) increasing the efficiency and effectiveness of your innovation and R&D activities, (3) the management oversight of these activities to maximise value and Return on Innovation Investment (ROII), and (4) creating a persistent innovation culture within your business.
You will gain practical know-how to start implementing persistent innovation capabilities and culture within your business. The follow-up optional coaching sessions will be tailored to support your specific innovation needs and will guide you in progressing with your innovation roadmap.
Over the course of a day, the module will cover:
- The three Horizons of Innovation.
- Establishing purpose and strategy driven innovation priorities.
- Allocating resources and monitoring progress.
- Establishing an Innovation Portfolio and a stage-gate process of managing it.
- Capturing voice of customer and forming insights of latent needs for innovation opportunities.
- Ideating concepts.
- Consumer validating emerging concepts.
- Translating concepts into technical specifications.
- Developing solutions and prototyping.
- Scaling up to production.
- Creating a self-sustained innovation culture in your business.
You will walk away with:
- Practical know-how to start implementing persistent innovation capabilities and culture within your business.
- Management processes and templates to set innovation priorities driven by your overall business strategy .
- Techniques, processes, and templates for systematic multi-channel capture of Voice of Customer.
- Tools and processes to ideate innovation concepts.
- How to establish and manage your Innovation Portfolio balanced over the three Horizons of Innovation.
- Stage-gate processes and templates for managing your innovation for value creation.
- Performance management for innovation and R&D activities in manufacturing businesses
- Tools and methods of prototyping and validating emerging solutions.
- Seamless transition from R&D to Production.
- People, environment, resources, communication, and collaboration methods for an empowered innovation culture.
Participant Profile
This training is suitable for business owners and managers who have R&D, product and service development responsibilities.
Participant Eligibility
To qualify as an eligible participant, individuals must meet the following criteria:
- Be an employee within a small, medium, or large manufacturing business in Queensland.
- Work in an industry where manufacturing involves the transformative process of converting a resource or commodity into another product or consumable item.
- Manufacturing capabilities include, but are not limited to:
- General Manufacturing and Engineering
- Aerospace and Defence
- Food and Beverage
- Chemicals, Hydrocarbon, and Refining
- Furnishings and Other Products
- Meat and Seafood Processing
- Textiles, Clothing, and Footwear
- Printing and Graphic Arts
- Pulp, Paper, and Packaging
- Polymers, Plastic, and Rubber
- Pharmaceuticals and Medical Technology
- Renewables and Low Carbon
- Timber and Wood
- Supporting Capabilities including Laboratory Operations, Sustainability, and Process Plant Operations
- Not be an apprentice or trainee.
Eligible Participants:no cost
Non-Eligible Participants:$250
Presented in partnership with Manufacturing Skills Queensland and Ai Group
The Leadership Excellence Series is an initiative of Manufacturing Skills Queensland, designed to support emerging and current leaders in manufacturing. The Leadership Excellence Series is funded by Manufacturing Skills Queensland through the 2024-25 Annual Training Plan.
