MCD 1 - The Director As An Innovation Driver
A key step in strategy formulation is to understand a company’s twin components for competitive success: distinctive competency (inside the firm) and competition (outside the firm).
A distinctive competency is a unique or superior capability. This capability allows the company to offer a distinctive value proposition to stakeholders and thus an unassailable competitive advantage. To establish distinctive competency so that the firm can outdo its competition requires boards to be bold in embracing innovation.
For innovation to take root, mindsets must change and this change begins with the board. Boards that make innovation a part of their overall strategy often lead their companies towards substantial returns. In fact, a company will possess an enduring capacity to innovate only if its people (top to bottom) are mentally prepared to discover new opportunities and its accompanied risks.
This course is a one-day interactive workshop to enhance directors’ understanding of innovation, what is required to build an innovation strategy and culture, and the board’s role in innovation governance. The session will be facilitated by experts in the field who will share their perspectives and experiences on embracing innovation in today’s business environment.
Course Objectives
1. To provide an understanding on innovation, and how innovation can be a driver of change and progress.
2. To discuss the barriers to innovation.
3. To discuss the importance of the participants’ role in driving innovation.
4. To educate participants about managing innovation portfolio.
CPD Hours : 8
| SID Member: |
S$720.00 (excl. GST) |
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S$770.40 (incl. GST) |
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| Non-SID Member: |
S$990.00 (excl. GST) |
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S$1,059.30 (incl. GST) |
Terms and Conditions for SID Courses/Events
Online registration not available.