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Sloan School of Management

Creating High Velocity Organizations

High Velocity Learning - What does it look like at NAVSEA?
Jun 13—14
2 days
Cambridge, Massachusetts, United States
USD 3700
USD 1850 per day
Oct 29—30
2 days
Cambridge, Massachusetts, United States
USD 3700
USD 1850 per day

How it works

Description

What makes some organizations capable of generating and sustaining high-velocity, unparalleled, relentless improvement and innovation? This program will introduce the fundamental principles by which such acceleration occurs, give examples of those principles in practice, and give participants an opportunity to test how those principles can be applied and translated to their own work.

Some organizations achieve such exceptional levels of performance—time to market, quality, safety, affordability, reliability, dependability and adaptability—that it puts their rivals to shame. Though few in overall number, they exist in manufacturing, high tech, heavy industry, product design and production, and services, such as health care delivery. The select few are capable of generating and sustaining such high-velocity, broad-based, relentless improvement and innovation, that they achieve unparalleled levels of excellence. Learn what drives the success of these companies.

The Learning ExperienceCreating High Velocity

Organizations employs several teaching techniques: presentations, case discussions, video dramatizations, and an in-class simulation emphasizing a participatory style to maximize the opportunities for "learning by doing." The program material is organized into thematic modules designed around the four key principles of building the discovery capability in an organization—smart work design, creative problem solving, continuous knowledge sharing, and developing of discovery skills among employees. Each module consists of several sessions, which demonstrate, first, the positive impact through successful application of those key principles, and then provides examples of negative results when those principles were clearly needed but not applied. Each session is punctuated by facilitated small-group exercises, in which participants can actively apply the ideas and examples offered in class to their own specific, real-life situations.

Assignment Required Before Arrival

This program will provide multiple opportunities for participants to explore their own processes. Participants should come prepared to work on an important challenge in their organization.

This program will enable participants to:

  • Create an organization where work is done by harnessing the best-known approaches available and signaling the need for new knowledge.
  • Solve problems as they arise and to develop new understanding that prevents the problems from recurring.
  • Multiply the impact of local discoveries by making them useful systemically throughout the organization.
  • Lead an organization where discovery is encouraged, supported, and promoted at all times.

The MIT Edge

Traditional business-school curricula tend to focus on teaching decision-making skills as a way to success. However, many companies today—especially those in relatively new industries—find themselves lacking the information or the experience needed to make the decisions that could determine their future. That is where the leaders' ability not only to think, but also to behave like innovators, becomes vital to the success of the organization. Known for its commitment to innovation, with this program MIT Sloan offers a rare opportunity for participants to learn how to channel their curiosity into innovators' behavior.

Sample Schedule—Subject to Change

DAY 1 SAMPLE

  • 07:45AM - 08:30AM Registration and Continental Breakfast
  • 08:30AM - 09:00AM Introduction and Program Objectives
  • 09:00AM - 10:30AM How High Velocity Organizations Systematize Improvement, Innovation, and Invention to Discover Their Way to Greatness
  • 10:30AM - 11:30AM Failure Modes to Avoid (video case)
  • 11:30AM - 12:30PM Lunch & Reflection: Applying lessons learned so far to your business critical process (Round 1)
  • 12:30PM - 03:30PM Principles for System Design and Improvement (simulation)
  • 03:30PM - 04:30PM Developing High Velocity Skills in Others; "Table top" Redesign: Applying lessons learned to your business critical processes (Round 2)
  • 05:00PM - 06:00PM Reception

DAY 2 SAMPLE

  • 07:45AM - 08:30AM Continental Breakfast
  • 08:30AM - 12:00PM Perspectives on Organizations; Psychology of Human Behavior and Decision Making
  • 12:00PM - 01:00PM Lunch & Reflection: Applying lessons learned so far to your business critical processes (Round 3)
  • 01:00PM - 03:30PM Creating High Velocity Innovation on a Mega Scale
  • 03:30PM - 04:30PM Reflections & Report Out: Creating High Velocity in Your Own Organization

Who should attend

This program will enable participants to:

  • Create an organization where work is done by harnessing the best-known approaches available and signaling the need for new knowledge.
  • Solve problems as they arise and to develop new understanding that prevents the problems from recurring.
  • Multiply the impact of local discoveries by making them useful systemically throughout the organization.
  • Lead an organization where discovery is encouraged, supported, and promoted at all times.
  • Creating High Velocity Organizations is designed for managers with responsibility for core products, services, or mission-critical processes; subject matter experts on process excellence; and senior leadership, whose understanding and support are vital in developing the discovery capacity within the organization.

Another group that can benefit greatly from participation in this program are entrepreneurs in any industry, but especially in new and emerging fields, where there is little or no established knowledge base required for successful decision-driven leadership.

To get the highest impact of this program, we recommend that participants attend in groups comprising managers and executives from the organization. Please inquire about group discounts for teams of three or more.

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Experts

Roberto M. Fernandez is an organizational sociologist who currently serves as the head of MIT Sloan’s Behavioral and Policy Sciences area, and as co-director of its Ph.D. program in Economic Sociology. His executive teaching duties include the management of innovation, change, and human resources...
Steven Spear is a Senior Lecturer at the MIT Sloan School of Management and at the Engineering Systems Division at MIT. Spear is a well-recognized expert on how select organizations manage complex development, design, and delivery efforts to create unmatched rates of internally generated, broad-...

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