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1 The Business Growth Innovation Collaboratory (BGIC) NC State Executive Education
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Business Growth Innovation Consortium Objectives Develop leaders in roles that identify and drive new growth opportunities Define and implement projects that have a real, positive impact Support partner organizations’ efforts to build a pipeline of leadership talent Create an on-going development program that is directly linked to the organization’s values and expectations of leaders Provide tools that will be disseminated by participants and beneficial to internal teams 2
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3 A three phase process to define, design, and deliver new participant capabilities and apply these new skills to a specific business challenge: BGIC Consortium Optional: Pre-Program – Assessment tools link organizational need to program design Phase 1 – 2.5-day Seminar on analytic skills and project development Intercession Support – Coaching of teams during analytics process Phase 2 – 2.5 -day Seminar on solution design, leadership and motivating change Phase 3 - 45-day Coaching and Project Management support Optional: Assess Analytics Seminar & Workshop Rollout Support 120 days Leadership Seminar & Solution Workshop Intercession Support
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4 Activities and Outcomes: Day 1: Innovation Management – The program begins with a focus on the competencies needed to both ‘do the right projects’ (Idea Management, Market Management, and Portfolio Management) as well as those competencies needed to ‘do projects right’ (Platform Management and Project Management) Participants completing this portion of the program will be able to: Define innovation management. Learn how the five IM competencies: Idea, Market, Portfolio, Platform and Project management link together into a cohesive, end-to-end system for producing winning products and services Understand the tools at their disposal (i.e. organization, culture, process, tools and metrics) at their disposal needed to embed an effective new model for innovation in their organizations. Assess their organization’s IM proficiency Build a strong case for change and measure results Outcomes Improved Internal/External Analytic Skills Engage in Project Process Phase 1
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5 Activities and Outcomes: Day 2: Customer Analysis Equally important, the course will focus on the analysis of customer's wants/needs for the purposes of outlining marketing campaigns, developing new products and refining current offerings and for improving customer service efforts. Appropriate models of consumer behavior and firm behavior (B2B) will be analyzed in a marketing context. Participants completing this portion of the course will be able to lead and build: A customer analysis capability, including quantitative assessments of market size, evaluations of market attractiveness and identification of primary customer requirements by market segment. A competitive analysis capability for reliably gauging competitors’ capabilities as well as where they may be headed next. Phase 1
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6 Activities and Outcomes: Day 3: Project Definition/Planning Workshop (1/2 day) Analytic Skills & Tools – Faculty will share with participants NCSU analytic tools and processes to use in data collection and analysis Project Identification – working with the Faculty and Project Manager, teams will identify core projects to address Phase 1
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7 Activities and Outcomes: Day 1: Solution/Change Plan Workshop (1/2 day) Solution selection – Faculty will take participants through a process of applying data learned to opportunities to improve business models, product offerings, organizational systems, etc. (Faculty selection based on common improvement area) Development of Change Plan – Faculty will teach participants how to develop an effective change plan and (along with Project Manager) work with the teams individually on the development of their plans Outcomes New Influence/Change Leadership Skills Improved Change Plan Phase 2
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8 Activities and Outcomes: Day 1&2: Leading a High Performance Organization Emotional Intelligence in Cross-Cultural Orgs – self- and other-awareness, cultural diversity, adaptive leadership, leading from the front. Driving a High Performance Team – matrix/virtual team management and gaining alignment within teams. Keys to building a diverse, effective team. Creating an Innovation Culture – process for developing agile, adaptable teams that drive innovation and growth. Teams embrace disruption, question and challenge processes, and seek insights from others. Outcomes New Influence/Change Leadership Skills Improved Change Plan Phase 2
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9 Activities and Outcomes: Day 3: Leading Change – session on change management processes, overcoming barriers during execution, and managing key relationships in leading change Influencing/Motivating Others – key skills in motivating the behaviors of others including: managing up, managing knowledge workers, effective negotiation/collaboration, decision-making, and communication. Implementation support – Coaching support for plan execution; tools for overcoming barriers to change and 2 check-in coaching calls with teams Outcomes Solution/Approach to The Challenge Roadmap for Leading Change Phase 2
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10 BGIC Consortium Timeline Pre-Program – optional activity: for those interested individual corporate meetings and assessments will take place throughout August ($5,000 cost) Phase 1 – Mid-September Seminar Project data collection/analysis – September Phase 2 – Late October Seminar Phase 3 - expert project support during sessions and 45-days of coaching Project Readout - 1-day event in early December
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