Professional Certificate in Innovation

This certification programme provides An Innovation Framework & Methodology from unifying the best of business strategies & innovations gurus with systematic ideas generation methods to ensure successful realization of innovation and differentiation for higher profits.

Objectives

Participants will get to learn how to conjure new breakthrough businesses through mastering the metrics of innovation, both in terms of depth & breadth.

Participants will learn:
To know how to have breakthrough ideas
To know the trends and predict the future
To defend against disruptive competitors
To know how to convert ideas to a market success
To create new market without competitors
To create an innovative culture for sustained innovative ideas & innovations
To have system to support innovations
To execute your innovation strategy with precision using Strategy Map driven balanced scorecard

Course Outline

Module 1 - Understanding Innovation to Assess Its Potential & Making it a Success. The role of innovation in ensuring your corporate long term performance. Cover the types, range, levels of innovativeness, the impact and where the business value multipliers are. Making ideas stick. The obstacles to Innovation. The process. Protection of IP & risk management.

Module 2 - Methods to Unleash Your Innovative Power. Don't leave creativity to chance, but learn and improve your innovative skills for systematically creating break-through innovations on demand. Cover Triz (Theory of Inventive Problem Solving), BVITS (Business Value Innovative Thinking Symbols) & other creative techniques

Module 3 - Knowing the Trends and Seeing Future Inventions. Understanding the Laws of Evolutions of Technology Systems of Triz to predict future inventions and Applying the Theories of Innovations by Clay Christensen to dethrone market leaders or to defend against disruptive innovators

Module 4 - Cross the Chasm, Ride the Tornado, Trace the Life Cycle for Sustained Success. Understanding the market growth of your innovations, how to bring your innovations to cross the chasm , ride the Tornado to main market success, sustaining the leadership and cross the fault-line to next cycle of success using the works of Geoffrey Moore

Module 5 - Creating Your Differentiated Market Place without Competition. Break free from the red ocean of copycat economy of competition, commodization and low margins to create your Blue Ocean of a New Market where you dominate with growth and profits based on the work of W. Chan Kim & Renée Mauborgne

Module 6 - Develop the Innovation Process & Innovative Culture. Understand how to put the innovation process in place to ensure continued innovations and successes. Learn how to create the culture for long term innovation. How to run a successful suggestion system. The supporting system and rewards for innovations.

Module 7 - Successful Execution with Strategy Map Driven Balanced Scorecard. Execute your Innovation Strategy well with Strategy Map Driven Balanced Scorecard. Looking at Innovations from four perspectives. Learn how to draw the cause-effect strategy map of objectives, define the innovation metrics, pick the Key Performance Indicators, set the targets and create the initiatives.

Course Structure

The entire programme can be completed by attending all the 7 modules (total of 7 full days and successful completion of a mini-project (see project requirements). In order to facilitate attendance by working professionals, the 7 modules are organised as a 3 days + 4 days formal. Interval after the initial 3 days is to allow for project work.

Project Requirements

Purpose of the project assignment is to allow participants to apply the knowledge learnt to create an innovation for the benefit of their company/organization. It helps the instructor to assess the knowledge gained by the attendee and also strengthens the delivery process of this certification programme. The project assignment will involve the submission of a report for an innovation project spanning the following dimensions: 1. Creation an invention in product, service, process, strategy, market or business models. 2. Assessment of the impact of the invention 3. A Project Plan to roll out an invention Group size for the project can comprise of one, or two, or up to maximum of 3 members. (members from the same company can form a team to have a project to benefit the company, and this is encouraged) Project assessment will be a pass or fail grade. Assessment criteria will be based on the depth and coverage of the plan, as well as the size of the project team. More is expected from larger teams coming from the same organization.