In the current rapidly changing business environment, innovation is no longer optional – it’s a critical driver of growth and success. Today, corporate innovation encompasses a range of activities, from developing disruptive new products and services to implementing cutting-edge technologies and optimising internal processes. To enable this, boards play a pivotal role in fostering a culture of innovation within their organisations. However, navigating the ever-evolving landscape of innovation while maintaining strong financial performance presents unique challenges.
The Challenge: Balancing Innovation and Performance
While most boards recognise the importance of innovation, effectively translating this awareness into actionable strategies can be difficult. This gap creates the risk of missed opportunities and underscores the need for innovative business models to stay competitive.
Empowering Boards for Strategic Innovation
This 4-hour course unpacks the intricacies of corporate innovation and explores various approaches to future-proof your organisation. Get ready to delve into practical strategies and frameworks that will help board members further refine their expertise in navigating the dynamic landscape of innovation. Since innovation is a key ingredient to a successful corporate strategy, the board must find ways to include it in some capacity onto their organisation’s boardroom agenda.
Learning Outcomes
- Identify key types of corporate innovation relevant to board oversight and decision-making
- Recognise the critical role that innovation plays in long-term company success and analyse how boards can contribute to achieving this.
- Evaluate potential risks and opportunities associated with different innovation strategies.
- Develop the necessary mindset and tools to effectively assess and influence corporate innovation efforts
- Understand how successful boards integrate innovation into their strategic decision-making processes
Who is this Programme For?
- Open to all board of directors
- Senior Management Team
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