Level: Intermediate
Course Intro
The Innovation Strategy Course aims to help you better understand and apply various consulting methods. These frameworks are ones that top management consultants use when guiding their clients through innovative and technological opportunities.
While completing a project, a consultant would initially develop an external and internal environment analysis to define the right strategy for a business. Next, they would define a powerful innovation strategy that will help their client adapt or get in front of changes in the market.
Now, the Innovation Strategy Course will cover some of the most well known frameworks and strategy models. You can use these when determining if your client should implement innovation into their product or service catalogue.
To begin, you will learn about frameworks such as the 4 Types of Innovation, the S-Curve, Technology Adoption Curve, Company Lifecycle Model, and Red and Blue Ocean Strategies.
So, let’s dive into it!
What will I learn?
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First, you will learn all about consulting frameworks and how to choose the correct one for a given business situation. As a consultant, clients are ultimately hiring you to solve a problem or a pain point. Frameworks are a tool that consultants use to analyze an issue, structure thinking and to communicate recommendations. Of course, they are a blueprint for success.
You can take a framework and tailor it to the client's needs. Frameworks give you a starting point and vocabulary that you can use across almost every client project.
Who is this course for?
- Aspiring consultants, who would like to move into consulting and want to learn the fundamental consulting frameworks to get ready for client projects
- Consultants, who enjoy amplifying their portfolio of frameworks and analysis models to use for future projects
- Managers, who would like to apply strategy methodologies to their own business projects or would simply like to understand how strategy consultants work
- Business enthusiasts, who are interested in everything related to business and innovation strategy, and the tools to develop these
After this training, you will know
- Evaluate different innovative approaches
- Apply some of the best known frameworks towards an innovation strategy
- Recite practical case examples that illustrate your strategy knowledge
- Approach business problems in a structured way
How is this course set up?
- This introduction to strategy frameworks is our biggest, yet! It consists of 6 modules. To get warmed up, you will first learn about: The 4 Types of Innovation, S-Curve, Technology Adaption Curve, Company Life Cycle Model, Red Ocean Strategy: How to Overcome the Competition, and Blue Ocean Strategy.
Each module is essential to understand the fundamentals of these strategy frameworks. Additionally, each module will also walk you through examples of how these frameworks can be applied. You will then have the opportunity to test your knowledge in follow-up quizzes. Finally, you will have access to adaptable templates to use on your future client projects.
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Course Transcript
Welcome to our Strategy Consulting Bootcamp Part 6, focusing on Innovation Strategy.
This Innovation Strategy Course aims to help you better understand and apply the tools and methods that top management consultants use to develop business strategies for their clients.
After initially developing the right strategy, a management consultant should focus on guiding decisions on resource-allocation. These should meet a client’s business’ objectives for innovation and technological opportunities.
Companies rely on Innovation Strategy as a framework for reacting to changes and discovering new opportunities. Additionally, Innovation Strategy can also foster a competitive advantage, since it encourages building better products and services.
In this Innovation Strategy Course, we will cover some of the most well-known frameworks and strategy models that you can use, as a consultant, to innovate your client’s business offerings. These include the S-Curve, the Technology Adoption Curve, the Company Life Cycle Model, and the Blue & Red Ocean Strategies.
The course is practical and interactive which means that we will apply real-life examples, for each of the frameworks, so that you can see their application in practice.
You will have the opportunity to test your gained knowledge via quizzes, and we provide additional materials, like practicable PowerPoint templates, that you can use for your own analysis or projects.
So, you may be wondering… is this course right for ME? Well, the answer is yes if you are:
- an Aspiring consultants looking to grow you consultancy method tool kit in order to become a strong strategy consultant
- or you are already working as a consultant, and would like to refresh or amplify their portfolio of frameworks and analysis models that you can use in future client projects.
- or you are a manager who would like to apply strategy methods to your own business and projects or you simply would like to develop a better understand how strategy consultants work
- or finally, if you simply interested in strategy and would like deepen your knowledge
Now that you know this course is for you, you probably want to know what you will get out of this course? Well:
- You will gain an overview of the most innovative strategies that can be used to design a system that will match companies’ specific competitive needs, and – you will then be able to implement them into client projects.
- You will be able to structure your analysis by applying some of the most renowned frameworks used by the top strategy consultants
- And you will have full access to download templates which we have created so that you can easily conduct these analyses yourself for client projects
Sounds exciting?
Well then, let’s dive in!
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