Predictable Innovation: How to Use a 'Rapid Innovation Cycle' to Drive Breakthrough Results

90 percent of innovations fail, and for most organizations, there's a disconnect between the demand for innovation and the ability to execute successfully. Learn how to apply a predictable and systematic approach to design or redesign process, product and business models.

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Overview

You read about innovation in the news every day and there are dozens of books published on the topic each year. Business management gurus have jumped on the innovation bandwagon, stating that innovation is essential for businesses to survive. Yet research shows that 90 percent of innovations fail!

It’s clear that for the majority of organizations, there’s a disconnect between the demand for innovation and the ability to execute successfully. In this two-hour online training session, you will learn how to close the gap by conducting a Rapid Innovation Cycle. This approach is one anybody can use and follow to design or redesign a product, process or business model.

A Rapid Innovation Cycle consists of four key events, with focus on the innovation opportunity, discovery of ideas, development of solution design and demonstration of the innovation. Covering a step-by-step approach to how to lead each of these events, this session will guide you from a nebulous understanding of “innovation” to a crystal clear picture of when to use it, why and how.

Attendees of this two-hour session will learn:

How to apply a predictable and systematic approach to design or redesign process, product and business models
How innovation differs from traditional continuous improvement activities
Why most ideas are worthless and what to do about it
How to spot innovation opportunities, generate breakthrough ideas, create a design and test it
Tips on do’s and don’ts of leading Rapid Innovation Cycles
Who to select as team members for a Rapid Innovation Cycle
This training session, presented in partnership with IndustryWeek, will be conducted using a slides-and-audio format. You will also have the ability to ask the instructor questions, and you can participate in polls the instructor pushes to the audience during the session.

After you complete your registration, you will receive a confirmation email with details for joining the training course, as well as your unique password. On the day of the training, use the instructions in this email to log in. (You'll also receive reminder emails a few days before the training starts, with instructions and your password.)

A few days after the live training session is over, you'll receive an email informing you that the on-demand version is available.

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Who should attend

Operations leaders
Process and business model designers
Quality managers and professionals
Process improvement team leaders
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Instructors

Dr. Phil Samuel
Chief Innovation Officer
BMGI

With more than 20 years of technical and management experience with engineering, manufacturing and service processes, Dr. Phil Samuel has led countless performance improvement initiatives. As an expert in strategy, innovation and performance improvement approaches, he has helped organizations insource creativity and increase organic growth potential for over a decade. His counsel is invaluable during the strategy deployment phase of any performance improvement or growth initiative, and he has become a trusted advisor for executives in a variety of industries. His recent book credits include Design for Lean Six Sigma: A Holistic Approach to Design and Innovation and The Innovator’s Toolkit: 50+ Techniques for Predictable and Sustainable Organic Growth -- both focused on the practical methods, tools and steps involved in developing innovation capabilities and putting new ideas into practice. Phil holds a Ph.D. in Mechanical Engineering from the University of Calgary in Canada, and an MBA from Arizona State University.

Mark McMurray
Senior Client Partner
BMGI

Mark McMurray is a skilled and passionate leader who uses his 14 years of experience on behalf of organizations in multiple sectors, from manufacturing through pure transactional services. Mark works with executives, managers and frontline employees in developing and deploying strategic plans that are transformational yet executable. He is highly proficient in performance excellence program deployment leadership, curriculum development and delivery, project replication, change management and strategy execution. Prior to joining BMGI, he was the general manager of a $4.8 million business center branch and the director of a national multi-business unit performance excellence deployment. A certified Lean Six Sigma Master Black Belt, he obtained his Master of Science in Operations Management from Kettering University, and his Bachelor of Science from the U.S. Naval Academy.

 

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