Innovation Strategy

Strategic Intuition - The Key to Innovation

In times like these, it’s likely that what you’re doing now won’t work in the future. You need to innovate. But how? You need a creative idea that’s also strategic, that you can take action on right away. Strategic Intuition offers a powerful set of ideas, methods and tools for innovation based on the latest breakthroughs in modern neuroscience, principles from classical military strategy, and surprising truths about how great achievements in business and other fields actually happen.

The key to creative ideas for strategy is a flash of insight: when your mind is relaxed and connects the dots. Modern science now reveals how these flashes of insight happen. It’s a special form of intuition, called “strategic intuition,�because it gives you an idea for action �a strategy. This programme helps you understand how strategic intuition happens and how you can do it better for business problems of any kind.
Key focus areas

Strategic Intuition as a Business Method

Understand how flashes of insight work in the mind to create new ideas
Recognise the four steps of strategic intuition in action
Apply a team tool for strategic intuition to business problems of all kinds
Understand ten lessons of strategic intuition for company culture

Strategic Intuition as a Leadership Skill

Apply strategic intuition to leadership in any field of work
Understand the link between organisational and personal strategy
Apply a method to plan for organisational or personal opportunity
Learn a method for maintaining the right frame of mind to see opportunity

Outcomes

Participants will learn:

to understand how strategic intuition works
how to apply strategic intuition in practice
how strategic intuition can be used effectively as a business method and as a leadership skill.

ar too many companies are overly focused on their operating strategy to provide any time or space to look for opportunities outside of their core business. They are stuck in their sand-box! They have no time for what’s next and what if.

Growth platforms, partners and portfolios help you get out safely into new areas for growth. Market trends are used to create a compelling case for change and to identify new fields-of-play. Attractive, differentiated and actionable fields-of-play (growth platforms) create new avenues for growth. For each growth platform, a specific portfolio of new business concepts and projects must be developed to meet the business growth objectives. To drive speed and reduce risk and cost, companies must develop a partnering mindset versus a not-invented here mindset.

The main objective of this course is to teach the importance of creating an imperative-for-change, identifying attractive new fields-of-play for growth, project portfolios to meet growth targets and partnerships to accelerate capture of value. This is a class on developing your innovation strategy.

The goal of Innovation Strategy: Generating, Testing and Implementing Great Ideas in Your Organization is to maximize leadership effectiveness by providing advanced tools that help you expand your organization’s capacity for innovation.

To help their organizations succeed, leaders in banking need to constantly look for new ideas and new approaches to advance the state of the art, to do more with available resources and to better serve their missions and their stakeholders. Yet, one of the toughest challenges in the banking environment is getting traction for a new idea. It is difficult to win over staff, peers, managers and boards—not to mention customers—with the result that potentially powerful new ideas often get stuck in place. This is especially true in times like these where there is little time, money or appetite for experimentation and risks.

This program takes the view that firms (and groups within firms) must articulate an “innovation strategy" as part of their overall strategy. This strategy will have as its goals to 1) encourage individual behaviors that generate new ideas and new opportunities, 2) to create a mechanism for fairly and realistically assessing the promise (and potential risks) of new ideas and 3) to develop an organizational environment that routinely and constantly evaluates, tests and then implements great ideas.

WHAT YOU WILL LEARN:

More workshop than seminar, this highly interactive program will teach participants to rigorously evaluate themselves, their groups and their environment in an effort to diagnose constraints on innovation. They will also learn to apply a structured process for generating, evaluating and implementing new ideas.

The Context of Innovation
- Using an innovation process model to become intentional in pursuit of innovative action

Creativity and Individual Constraints
- Individuals are the source of new ideas: How to help individuals become better idea generators regardless of their position in the banking organization.

Ideas and Groups
- Groups are the primary vehicle for developing and assessing ideas: How to manage emotion, culture, and interpersonal behaviors to improve innovation outcomes.

Innovation in Organizations
- Organizations are the mechanism for implementing complex change: How size, structure, and strategy can be aligned to support the consideration and implementation of innovation.

Evolution of Industries and Institutions
- The banking industry is the context for innovation: How resource availability, competition, alliances and labor relations affect innovation levels in the banking industry.

Tradition, Risk and Societal Change
- Regulations and consumer behavior are critical constraints on the adoption of innovations: How demographics, culture, societal mores, and the political landscape impacts innovation.

The Innovation Process: Described and Applied
- The process used for innovation can support or block innovation: A systematic process for innovating. Working in teams participants choose an innovation problem and use the framework and process presented to generate, select, and plan the implementation of an innovative solution.

The programme is designed for professionals from different functional areas, from various company sectors and with different levels of experience and responsibility who are faced with the real challenge of carrying out improvements and innovations in various areas: processes, services, products...

What will I get out of this programme?
To familiarise participants with the ideas generating process, both individually and as a team.
To learn how to transform ideas into innovative products and services.
To find out the main mechanisms which will enable managers to implement innovation policies in their companies.
They will acquire an in-depth understanding of idea generating mechanisms.
They will have fun with creativity and find out how to develop ideas as a team.
They will be in a position to involve and promote commitment in their organisation for a culture of innovation.


Methodology
The Programme is eminently practical and provides examples of creative development and of innovative companies. Participants are given the option of preparing an innovation project and presenting it during the last session.

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