Course Info
Code MG2-148
Duration 5 Days
Format Classroom
Course Summary
Open innovation has emerged as a compelling trend embraced by leading corporations worldwide. This course introduces a business management model for innovation that champions collaboration with external organisations. Participants will explore how open innovation challenges conventional corporate mindsets and fosters a culture of collaboration and creativity. Through this course, attendees will gain insights into administering open innovation principles and cultivating a corporate ethos conducive to innovation.
Upon completion of this comprehensive 5-day course, participants will be able to:
- Apply open innovation principles to drive organisational growth.
- Advocate the benefits of open innovation and engage stakeholders effectively.
- Navigate challenges inherent in open innovation initiatives.
- Foster a corporate culture that embraces open innovation practices.
- Stimulate innovation through strategic implementation of open innovation methodologies.
This comprehensive course caters to a diverse audience, including:
- Team leaders and supervisors seeking to enhance innovation practices within their teams.
- Managers tasked with driving organisational growth through open innovation strategies.
- Members of senior leadership teams interested in fostering a culture of innovation and collaboration.
- Professionals committed to advancing their understanding and implementation of open innovation principles.
Course Content & Outline
Section 1: Understanding Creativity and Innovation
- Exploring the cognitive processes underlying creativity and innovation.
- Assessing the strengths and weaknesses of lateral and vertical thinking approaches.
- Methods for evaluating and prioritising ideas for feasibility and relevance.
- Identifying and overcoming obstacles to creativity in thought and workplace environments.
Section 2: Introduction to Open Innovation
- Defining open innovation and distinguishing it from closed innovation models.
- Tracing the evolution and emergence of open innovation practices.
- Exploring different types of open innovation and real-world examples.
- Analysing the benefits and challenges associated with open innovation.
- Methods and frameworks for implementing open innovation initiatives effectively.
Section 3: Strategising Open Innovation Initiatives
- Setting clear goals and defining target audiences for open innovation projects.
- Selecting and building partnerships with external collaborators.
- Assessing corporate compatibility and establishing strategic alliances.
- Designing and executing pilot projects to test open innovation strategies.
Section 4: Managing Change and Fostering Innovation Culture
- Understanding the psychological and physical dynamics of change management.
- Addressing the psychological impact of change on individuals and teams.
- Motivating and inspiring performance amidst innovative changes.
- Communicating the imperative for change in a positive and engaging manner.
- Cultivating an organisational culture that embraces open innovation principles.
Section 5: Leadership in Open Innovation
- Roles and responsibilities of leaders in driving open innovation initiatives.
- Empowering team leaders and supervisors to champion open innovation.
- Providing guidance and support to managers and senior leadership teams.
- Creating an environment that encourages experimentation and risk-taking.
- Fostering collaboration and knowledge-sharing to accelerate innovation.
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