Details
1-day course
CPD Credit: 7 hours; Competence/s: 4
Course Delivery Options
Open Course: Available on scheduled dates. Contact cpdtraining@engineersireland.ie or call 01 665 1305, or check our CPD Calendar here.
Course Overview
Whether you are working within a large or small company environment, or even as an independent engineer, this workshop will help you to identify innovations in your department/organisation, or for your clients. It will show you how to identify material problems and generate ideas and solutions with commercial possibilities, validate them and turn them into viable and scalable realities. It will also explore how AI can assist throughout the innovation journey.
Course Aim
The course will equip attendees with the knowledge of how to implement systematic innovation across their company/business. Topics covered will range from corporate culture to idea generation, validation and implementation, to innovation budgeting.
Programme
Theory and Culture
- The importance of an innovation culture
- The Intrapreneur vs the Entrepreneur
- Innovation thinking vs design thinking
- Psychological safety vs intellectual honesty
- Dealing with failure
The Ideation Phase
- The innovation source map
- Trigger questions
- How AI can assist
- Project selection criteria and weighting factors
The Validation Phase
- Validation methodology
- Business models and the Business Model Canvas
- Practical applications of business tools
- Rapid analysis using trigger sheets
- Financial forecasting and break-even analysis
- Business case/Business plan/Pitch deck/Request for funding
The Implementation Phase
- Implementation roadmaps
- Metered funding, competition and staying lean
- H&S and Compliance
- Innovation Management Systems
- ISO56002
Learning Outcomes
- Upon successful completion of this course, delegates should be able to:
- Address any organisational culture problems that have a negative effect on innovation
- Put together a diverse innovation team that systematically generates commercially sound innovative ideas
- Understand the Systematic Innovation Process from start to finish
- Use a variety of business tools to assist in the innovation process.
- Make compelling arguments for the funding and implementation of innovative projects
Who Should Attend?
Engineers and managers with an interest in all things Innovation, or who wish to follow a career in innovation or are already planning new product or service launches.
Trainer’s Profile
Liam Fennelly
Liam Fennelly is a Chartered Engineer and has worked for several multinationals both home and abroad. He holds an MBA from Warwick Business School and has been involved at founder/director level in seven start-ups. He has been a mentor and business consultant for over 15 years and is co-author of Countdown To Launch, the highly-recommended manual for start-ups based on the BMAP© process.
Please contact the CPD Training Team for further information on scheduled course dates and In-Company options.