Tools Covered in this Course
Course Details
The Certified Chief Innovation Officer program is aimed at executives and entrepreneurs interested in questioning the rules and challenging the status quo. Anyone who wants to be a part of this changing world, with a desire to get a strong grasp on innovation and work towards excellence is eligible to join the Rocheston’s CCIO program.
Benefits of Innovation Training
Innovation is the light at the end of the tunnel. It is the future of global markets, sustainability, and productivity. Successful businesses do not focus their actions on the present but instead on the possibilities of the future. Rocheston’s Innovation Training Program is designed along similar lines.
Most of the time, we find ourselves so weighed down by the intricacies and problems of today in the world of economics and business, that we often miss the bigger picture.
Innovation Training can pull one’s head out of the water, and into the world of endless possibilities.
Target Audience
- Executives, CEOs, CTOs, COOs
- Entrepreneurs
- Creative think tanks
- Innovation Officers
- Team Leaders
- Innovative Brand Managers
- Anyone who wants to be a part of this changing world, with a desire to get a strong grasp on innovation and work towards excellence is eligible to join Rocheston’s CCIO program.
Course Objectives
- Problem Statement – Educational Drawbacks
- Game-Changing Innovations
- Innovation Companies – Examples and Case Studies
- Ideas, Creativity, and Innovation
- Idea Generation Tools
- Innovation and Disruptive inking
- Innovation and Leadership
- Discipline on Innovation
- Innovation Killers
- Creative Thinking Techniques
- Design Thinking, Aesthetics and Look & Feel
- Building Creative Brands
- How to Be Creative – Skills and Lessons
- Building the Internet of Things (IoT)
- Intellectual Property – Protecting Your Inventions
- Patenting Your Ideas
- Reinventing Business Models
- Kickstarter and Crowd Funding
- Innovation in Enterprises and Corporate Creativity
- How to Build a Start-up, Challenges, and Opportunities
- Billion Dollar Ideas
- Government Funding, Grants, and Legal Process
- Lawsuits, e‑s of intellectual Property and Legal Rights
- Exercises and Brain Storming
- How to Create a Start-up Business Plan
How a CIO will impact a business?
Now more than ever companies have started to treat innovation with the same discipline as other functions. Successful companies are generating profitable revenue by managing innovation as a business process. This business process includes-setting achievable goals, giving employees resources, and building accountability.
Organizations are aware that most ideas and prototypes fail but they are duly acknowledging innovative ideas. Successful innovators distinguish themselves from others is not by their level of spending but rather by how they manage innovation. Successful innovators adhere to uniform structures, processes and embrace a return-on-investment focus.
Innovation needs to be treated as a major corporate function that requires rigorous and uniform management of processes and procedures by a dedicated officer. Making innovation systematic is of the utmost importance.
Roles of Chief Innovation Officer
The role of the CIO in a modern organization that seeks to get ahead of the competition is of primary importance. It involves looking at numerous arenas and donning many hats.
The Harvard Business Review (HBR) identified seven key roles in the CIO’s mission.
1. Supporting best practices: This involves scouting and standardizing market research methods for novel ideas and insights; strategic innovation; promoting open innovation, and introducing group tools and processes that encourage creative thinking.
2. Developing skills: This is about training company personnel on the skills they need and developing and applying measures to track improvements in innovation and the skills underpinning them.
3. Supporting business units in new product and service initiatives: This means acting as methodology expert and facilitator for the most critical innovation teams across the company, supporting them in “raising the bar” of their aspirations. Training other managers to perform these roles also allows them to support innovation in business units.
4. Identifying new market spaces: This includes analyzing trends and market disruptions and searching for emerging new market opportunities. In some cases, they’ll need to be developed at the corporate level when they do not fit into the current business units’ boundaries.
5. Helping people generate ideas: Setting up and running ideas generation platforms and formats like jam sessions, hackathons, and internal or external crowdsourcing for the benefit of the corporation.
6. Directing seed funding: Owning and allocating a yearly budget to fund “homeless ideas” that are either too risky for the business units, or outside their existing business boundaries, which might not otherwise get funded. This provides an organizational home to nourish and protect new ideas.
7. Designing shelter for promising projects: Designing resource allocation processes (portfolio, stage-gate, Capex, budgeting) to take potentially disruptive innovations forward from the seed stage to the market without getting killed on the way by managers who are invested in the status quo.
Course Outline
Module 1: Innovation Challenges in Education System
- What challenges will an entrepreneur's face?
- How much does socio-culture shape a person’s capacity?
- Why should students Challenge Status Quo?
- What triggers innovation in the new world
- The relation between innovation and development
- Factors affecting innovation in India
- Innovations in business, science, and with the digital age
- Innovation with AI
- Objectives of innovation-centered education
Module 2: What Makes You a Game Changer?
- Who are the game-changers?
- What are the characteristics of game-changing innovation?
- What are the secrets of innovation?
- The three ways game-changers Innovate
- Five key considerations towards understanding the problem
- Innovations in elds like drone technology, gaming, social media,
- entertainment media, etc.
- Innovations in the automotive industry
Module 3: Creative Thinking
- What’s the definition of creativity in innovation
- Problem-solving the traditional way
- How is creativity redefined
- Steps of lateral thinking
- 5 Steps to learn the Skill
- What are the components of creativity
- Identifying the sources of creative inspiration
- What is meant by a creative mindset
- Who are the creativity killers?
- Some aspects affecting creativity
- How to practice creativity
- The input and the output stages involved
- What are the techniques to develop thoughts?
Module 4: Generating Ideas
- What is ideation
- The necessity to create ideas
- How are ideas used and what types of ideas?
- How are thoughts and concepts converged?
- What are the characteristic features of structured ideation?
- Learn the 5-stage process of Ideation
- What are the idea generation techniques?
Module 5: Design Thinking – The Strategies Adopted for Crafting Creative Designs
- Familiarizing with design thinking
- Who are designers
- The staging process in design thinking
- Concepts involved in design thinking
- Becoming a Creative Design Thinker
Module 6: Liberal Arts
- The history of Liberal Arts
- What is e Modern Day’s Take on Liberal Arts?
- How are liberal arts Inspiring Creativity and Leadership?
- Liberal Arts – An Essential Tool for Innovators
- How do philosophy and innovation work
- What are the benefits of pursuing philosophy?
- Understanding aesthetics by design concepts
- How Art and Culture inspires one to Connect with their Inner Ideas and
- become Innovators in business
Module 7: Internet of things (IoT)
- Understanding the Internet of things (IoT)
- What is the future of the Internet of things (IoT)
- The components of the Internet of things Ecosystem
- What are the types of product-service hybrids?
- The role of IoT in various industries
- What are the aims & challenges of IoT
- Seven Ways in Which IoT is changing Business
- What is the Role of CIO in the IoT
- What is IFTTT
Module 8: Building a Startup
- What is a Start-up?
- The guide to building a Start-Up
- Understanding the stages and the points within each stage
- Go about the steps involved in kick-starting the Business
- Approaching Seed Stage Funds
- What are the key points to remember?
Module 9: Building Business Models
- What are Business Models?
- The benefits of Business Models
- Understanding product design methods
- The rules of business model design and innovation
- The challenges in developing the right business model
Module 10: Innovation and Leadership
- Understanding Innovation Leadership
- What is the role of a leader?
- The difference between a leader and a manager
- What are the habits of an outstanding leader who drives innovation?
- Understanding approaches to leadership
- The different styles of leadership adopted by leaders
- Why do you need an Innovation Network?
- How to create an Innovation Network?
Module 11: Building Exceptional Brands
- What are branding and brand creation?
- Understanding the core brand elements
- Tacking brand limitations and impediments
- How to build customer brand loyalty
- Understanding brand audience
Module 12: Entrepreneurship and Innovation
- What is innovation in the enterprise?
- Understanding Intrapreneurship
- What are the skills of an Entrepreneur?
- The benefits of Intrapreneurship
- How to reduce the negative of Intrapreneurship
- Intrapreneurship practices in the real world
Module 13: Crowdfunding
- How Crowdfunding can help your startup?
- What is Crowdfunding?
- The most successful Kickstarter campaigns
- How to successfully crowdfund your innovation through online forums
- Understanding the types of crowdfunding
- The advantages of crowdfunding
- What are the challenges in crowdfunding?
Module 14: Monetizing Your Innovation
- What is Monetizing Innovation?
- The importance of Monetizing Innovation
- The pitfalls of Monetizing Innovation
- What are the five powerful monetization models?
- Understanding the reasons for monetizing innovation failures
Module 15: Patenting Your Innovation
- What is intellectual property?
- The types of intellectual property
- What are the benefits of intellectual property?
- Understanding industrial property
- The types of copyrights
- Why patenting is important
- What are the rules of patenting innovations?
- Patent dispute case studies
Module 16: Keep it Simple
- What is simplication in Innovation?
- Understanding Keep It Simple (KISS) principle
- Exploring the Pros and Cons of the KISS principle
- Understanding the application of the KISS principle
- How to ensure that you that the principle right
