Bottom Line Innovation

Course Overview

• Innovation is the one key business competency that can quickly separate the winners from the rest in this fast-paced competitive environment. The sustaining value for more and more organizations is a prime focus on their intellectual capital as creators of innovation. This is becoming an organization's most important and valuable asset.
• "Value innovation is not defined as outpacing the competition; it is end-running the competition by creating new value propositions and thus having no competition for an initial period." (World Economic Forum)
• The Bottom Line Innovation program provides a proven process for the discovery of dozens of new, unexpected, and useful ideas targeted at important organization.

Benefits for the Individual

• Expanded thinking abilities beyond limited, traditional approaches
• A clear focus and approach for tackling business issues in innovative ways
• Generation of many more ideas and better scrutiny of selected ideas
• A more results-oriented method for selling ideas internally
• Understanding of and ability to immediately apply pattern-breaking techniques which increase the capability to generate innovative ideas

Benefits for the Organization

• A systematic process for innovation to address business needs and issues
• Translates vision, mission, and organizational imperatives into an actionable process
• A means for building and leveraging your organization's intellectual capital
• A process for making innovation repeatable and sustainable
• Improves the quantity and quality of innovative ideas

Target Audience

Course Objectives

What You'll Learn

• Employ eight different strategies to establish the right environment for innovation
• Focus on key challenges and formulate a powerful challenge statement to focus your efforts
• Use the Bottom Line Innovation process map to guide the creation and implementation of innovative ideas and solutions
• Identify the ideal future and develop opportunity statements to shape and open possibilities
• Brainstorm individually and collectively to begin idea generation
• Go beyond brainstorming by using five pattern-breaking techniques to generate hundreds of new ideas
• Pool ideas and select key ones using consistent evaluation criteria
• Assess the relative risks and benefits of each idea to determine feasibility and establish priorities
• Build action plans and gain commitment from the implementation team
• Obtain support from others for your ideas and implementation plans

Course Prerequisites

• There are no prerequisites for this course

Follow on Courses

• There are no follow-ons for this course