A critical element of a best practice business model is to be “innovation ready” and it is important that there are strong policies and practices embedded across the organisation that support the culture, development and delivery of innovation.
Participants are exposed to topics such as climate, culture and leadership, product and technology strategy, portfolio management and assisted with the creation of an” ideas to launch process” through mentoring, visits to research facilities and workshops conducted by industry experts. You understand innovation is important, but understanding something’s importance does not always make us capable of successfully achieving it on our own. Sometimes, it is useful to have a system and an external perspective.
Successful companies use innovation to create a competitive advantage, secure higher margins and avoid having to compete solely on price. Therefore, all new members are encouraged to undertake a free “innovation readiness” health check..