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Leonard N. Stern School of Business

Driving Growth Through Innovation

Apr 23—28, 2020
6 days
New York, New York, United States
USD 6460
USD 1076 per day

How it works

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Description

In today’s business environment of technological advancement and rapid globalization, executives must constantly look to the future. The two courses included in this bundle will help you learn to identify opportunities for innovation and organizational growth, and implement successful changes that ensure continuous strategic viability. Utilizing a blend of lectures, group work, and case studies, this course bundle will instill executives with confidence to lead their organizations through increasingly complex business environments.

Program Takeaways

  • Theories of Change – Acquire deep understanding of the phenomenon of change learning and the theories, challenges and strategies of effecting change management in organizations
  • Importance of Leadership – Examine the central role of strong leadership in implementing organizational changes that stick and develop awareness regarding your personal capacity to lead change
  • Change Toolkit – Understand how to identify and diagnose change needs within your company, and learn the practices of developing an effective change plan
  • Breakthrough Innovation Opportunities – Use exercises to see the “big picture” of your industry, revealing its most important breakthrough innovation opportunities. You will also use an exercise to identify those innovation opportunities you find most intrinsically motivating to help you prioritize your best moonshot ideas.
  • Habits for Reaching Your Breakthrough Potential – Learn how to better nurture the breakthrough innovation potential of yourself and others through developing routines and habits that nurture creative insight, self-efficacy and resilience.
  • Moonshot Opportunity Roadmap – Create a step-by-step game plan for pursuing your best moonshot opportunity.

Agenda

Day 1 – Change Leadership

Session 1: Mapping the Change Management Territory

  • Global trends, changes in industry environments and the emergence of the knowledge economy
  • Implications these trends have for management in general and change management specifically

Session 2: Theories of Change

  • How do we think of change?
  • Is change really possible?
  • How often do change initiatives fail and why?
  • Key literature and cases

Session 3: Diagnosing the Need for Change: Strategic Transformation of Organizations

  • The first of three steps to manage change: “Diagnosis”
  • Practices and methodologies used to effectively diagnose organizational change needs

Session 4: Inventing a Change Worth Pursuing: Strategic Transformation of Organizations

  • The second step to manage change: “Invent”
  • Future-oriented foresights, forecast developing, future scenarios planning and the role of vision in mobilizing change

Change Leadership Day 1 Conclusion and Evaluations

Day 2 – Change Leadership

Session 5: Transition of Organizational Infrastructure: The Recipient of Change

  • The third step to manage change: “Implement”
  • Building flexibility and the capacity of the company to adapt and adjust
  • Aspects of change deployment and the barriers to successful implementation

Session 6: Designing a Change Plan

  • Step-based approach to change plan development
  • In-depth review of critical actions for each stage of the plan development process

Session 7: Best Practices of Leading Change in Organizations

  • The ‘right’ approach to change plan development and deployment – who’s done it right, why, and what can we learn and benchmark in our own change plans?

Session 8: Leadership Capacity for Change

  • Change leadership practices that work best in proactively and effectively leading organizations and people through uncertainty and transitions

Change Leadership Program Conclusion and Evaluations

Day 3 – Breakthrough Innovation

Module 1: What makes some people spectacularly innovative? How can we nurture breakthrough innovation in our organization?

This module will focus on the individual and organizational practices that help to foster (or hinder) breakthrough innovation. We will discuss some of the surprising commonalities among serial breakthrough innovators and how those commonalities helped facilitate their generation of creative ideas and intense perseverance. We will then use that understanding to gain insight into how we can nurture breakthrough innovation in ourselves and others.

Module 2: Understanding innovation types and patterns. Leverage, Information, and Incentives

Though innovation often seems surprising or unpredictable, it actually has some very reliable patterns that we use to anticipate when an industry will be disrupted, the path innovation will take, and the types of players who are likely to dominate the new technological era. In this module we will cover some of the main patterns in technological change, and explore what their implications are for your industry.

Breakthrough Innovation Day 1 Conclusion and Evaluations

Day 4 – Breakthrough Innovation

Module 3: Digitization and platform strategy

Digitization is transforming all kinds of industries, including pharmaceuticals, consumer products, music, news, travel, food service, and more. In many industries it has helped to give rise to platforms such as Spotify, iOS, Facebook, Amazon, Kickstarter, and others that mediate the relationship between customers and multiple kinds of producers. In this module we will look at the way digitization helps to transform industries, when and why industries are likely to be dominated by platforms, and how a firm can design its own platform strategy.

Module 4: What’s your best innovation bet? Leverage, Information, and Incentives

In this module we will harness some of what we learned in the previous modules through an exercise that will help you get a better “big picture” perspective of the dynamics in your industry. This exercise helps managers identify where the biggest payoff areas are for innovation, where disruptive innovation is most likely to occur, and which players are positioned to lead it. It culminates in the creation of a prioritization matrix of the areas in which your organization should focus their innovation efforts.

Breakthrough Innovation Program Conclusion and Evaluations

Who should attend

Although there are no formal education or background requirements, this course is designed for executives who meet the criteria below. While we strongly encourage global participation, please note that all courses are taught in English. Proficiency in written and spoken English is required.

  • Years of Experience – Designed for professionals with 5+ years of work experience
  • Job Functions – Ideal for executives across job functions who are responsible for or interested in driving innovative change for their teams and organizations
  • Prerequisites – Intended for individuals with existing leadership responsibilities who want to enhance their ability to develop and implement transformational change
  • Professionals with a desire to learn new tools, habits and methods that they can apply to achieve their life-changing goals and innovation ideas
  • Professionals who wants to harness their own breakthrough potential
  • Managers who want to nurture the breakthrough potential of their teams

Experts

Biography Melissa A. Schilling is the John Herzog Chair Professor of Management at New York University Stern School of Business. She received her Bachelor of Science in business administration from the University of Colorado at Boulder. She received her Doctor of Philosophy in strategic manageme...
Biography Anat Lechner is a Clinical Associate Professor of Management and Organizations at NYU Stern. Professor Lechner earned her Ph.D. in Organization Management from Rutgers University in 2000. She is also the recipient of the GE Teaching Excellence award. Professor Lechner's research focus...

Next dates

Apr 23—28, 2020
6 days
New York, New York, United States
USD 6460
USD 1076 per day

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