Boards and Innovation: Creating Sustainable Growth Through Business Model Innovation
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As companies and businesses operate in an increasingly VUCAD (volatile, uncertain, complex, ambiguous and disrupted) environment, the capability and agility to stay competitive through innovation is vital to sustainable growth. Traditional innovation strategy that revolves around product innovation such as designing new products or services that address unmet market needs or leverage new technology to satisfy existing market needs is no longer sufficient. Organisations need to have a systematic approach to review their business model and identify innovation opportunities.
Facilitated by Professor Serguei Netessine and based on his recent book "The Risk- Driven Business Model: Four Questions that Will Define Your Company", this interactive session will introduce board directors to the concept of Business Model Innovation - the frame of thinking, the tools involved and implications for board directors. Professor Netessine will work with eminent practitioners drawn from TMS Academy's and INSEAD's extensive networks, to address the following topics:
- How to innovate without new products or new technology
- Should organisations focus on defending the old business model or building a new one?
- Building blocks of a business model: new levers for innovation
- How to initiate and conduct a Business Model Audit
- Business model risks and how to turn them into innovation opportunities
Who should attend
Chairmen and board directors of privately owned and public listed companies, government agencies, as well as social enterprises