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WORKSHOP
ESTABLISHING INNOVATION
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Duration - 1 Day
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Course Summary
Innovation is more than marketing a new idea. Innovation requires objective
assessments and careful preparations.
Preparing and assessing innovative ideas can be a complex
process, which is often interspersed with unexpected events and challenges
This workshop examines the key components required to successfully prepare
and assess a new innovation. This approach will reduce unexpected events and
help to ensure the innovation is established successfully, allowing it to be
developed further.
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What you will learn
 | The key components required for success in any
innovation |
| How to encourage entrepreneurial thinking |
| How to research the innovation and its
market |
| How to identify the elements needed
to develop the Innovation |
| How to prepare initial
justifications and plans |
| How to assess innovations, from
different perspectives |
The workshop will introduce highlight and discuss relevant topics, including:
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Introduction
What sort of new innovations?
Where do you start with a new innovation?
Risks from poor preparations
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Brainstorming and idea
generation
Obtaining the ideas
Early vision and goals
A better mousetrap, or re-inventing the wheel?
Obtaining more information
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Understanding the environment
Making objective assessments
Competitor analysis
Supply and materials
Social, political and related issues
Publicity & promotion
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Refining the ideas
Strategy, goals and objectives
Timing and schedules
Resources and organisation
Marketing, sales and demand
Production and operations
Legal considerations
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Finance and funding
Financial appraisals
Initial funding steps
Costs and budgets
Making a profit
Cash flow
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Bringing it all together
Detailed assessments
Business plans and business cases
Preparing for presentations
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Presentation method
The workshop is intended to be provided in a workshop format, maximising the
contributions from participants. The workshop will
include a high level of graphic and animated content. A variety of practical
examples and case studies will also be used, which will be current and relevant
to the workshop and the audience. Where possible, instructors will also provide
additional coaching and mentoring to students.
The participants will also be encouraged to play
an active role in the workshop. Participants will be encouraged to take
part in a variety of exercises, as well as discuss various elements
of the workshop and related issues.
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Other information
Participants will receive a comprehensive set of notes
relating to the workshop, together with any supplementary handouts.
Participants will also receive tip sheets, checklists and other
supporting information, to take away for future reference. All of which
can be utilised immediately after completion of the workshop.
This workshop module can also be tailored to the
requirements of the organisation. It can also be adapted to complement
other staff development, or change management related initiatives.
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Cost - £500 for up to 6 participants
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Related courses
Business Planning
Introduction
Establishing new Ventures
Introduction to Business
Models
Understanding key Business
Models
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Frequently Asked Questions
(FAQ)
regarding the workshops
All staff development workshops are subject to Migrators
Conditions of Service.
To book the workshop, please download and complete a Booking Form.
Return to staff development
Introduction
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