Enterprise Leadership for Transformation - Digitalization and Innovating to drive Growth
About This Course
This course provides an in-depth look at digitalization, innovation, and invention, helping participants understand these key concepts. It focuses on the challenges Small Medium Enterprises (SMEs) face in digitalization and innovation, offering strategies for competitive advantage. The course highlights open innovation, guiding SMEs to create value through collaboration. Participants will learn to align strategic initiatives and use S-Curve technology for innovation forecasting. It covers intangible assets and Intellectual Property Rights (IPR) for protecting innovations, and explores strategies to profit from innovations, including handling industry disruptions. The course also addresses organizing for innovation and fostering an innovative culture, preparing participants to lead growth.
Designed by Chief Executive Officers (CEOs) and academia for CEOs and growth leaders, the programme combines classroom learning with ‘doing’, right from the start. The programme comprises three integrated streams, weaving together learning that is relevant to a Small and Medium Enterprise (SME) leader’s growth learning needs with guided mentoring at every juncture to support the development of viable business growth plans, and peer learning.
SME CEOs and growth leaders participating in these programmes will have the opportunity to learn from best practices, leverage their strengths, and build on growth ambitions.
Participants will be applying the key concepts learnt to their businesses immediately in an iterative process with the guidance of expert advisors, constantly revisiting their business growth plans at calculated intervals – emerging with a viable business growth strategy to elevate their enterprise to the next level.
What You'll Learn
- Understand the differences between digitalization, innovation and invention.
- Understand the different types of digitalization and innovation challenges for Small Medium Enterprises.
- Appreciate the different approaches to digitalization and innovation which are advantageous for SMEs and start-ups.
- Define open innovation and understand how SMEs could create value using the tools taught
- Understand the hierarchy of strategies.
- Learn to use the technology of S-Curve as a forecasting tool, and for predicting innovation adoption.
- Learn about intangible assets and intellectual property rights.
- Learn how different strategies can be deployed to capture value and profit from innovations
- Understand the concept of industry disruption and learn how companies have dealt with them.
- Appreciate the key challenges in organising for innovation.
- Learn to cultivate an innovative culture.
Entry Requirements
Experienced founder / owner / successor / top leadership roles in Singapore Small Medium Enterprises with annual revenues of 5 to 100 million