Online Certificate Course on Innovation Management & New Product Development

Bombay Chamber is pleased to organize a Certificate Course on “Innovation Management & New Product Development”, which aims to provide valuable insights into the principles and practices of innovation management and the process of developing new products. We believe that this event will equip participants with the necessary knowledge and tools to thrive in today’s rapidly evolving business landscape.

Program Background & Objective:

• Understand the importance of innovation in driving organizational growth and competitiveness.
• Learn how to manage the innovation process within your organization.
• Gain insights into the types and stages of new product development and best practices for successful implementation.
• Get exposed to the practical aspects of innovation and product development.
• Network and engage with industry experts, researchers, and professionals in the field.

Day I & II – Innovation Management

• What and why of Innovation
• Different attributes of Innovation
• Innovator’s DNA
• Customer Needs: Identifying and Acting on them
• Idea Cross-over
• Open Innovation
• Types of Innovation
• Technology Innovation
• Business Model Innovation
• 3N’s of Innovation
• Drivers of Innovation
• Internal Marketplace and its significance
• Idea Management Process
• Elements of Innovation Strategy
• Innovation Culture
• Innovation Antibodies
• Rewards & Recognition
• Innovation as a System, Return On Innovation (RoIn)
• Company-specific Innovation Initiatives
• Frugal & Reverse Innovation: Brief Idea
• Innovation Case Study & Discussion

Day III & IV – NEW PRODUCT DEVELOPMENT

• What is a Product? What is Product Development?
• Types of Products/New Products. Their link with different categories of industries
• Product Life Cycle?
• Product-Market Matrix. Technology-Market Matrix
• S curve for Product / Technology Evolution.
• Market Pull & Technology Push products
• Customer Needs & Need-Finding.
• Critical Success Factors (CFSs) for new products
• Value propositions
• Product Design. What it means NOW
• Brief idea about Aesthetics and related issues
• Design Hierarchy
• New Product Development (Stage-Gate) Process
• Strategic & Operational phases. Various stages
• How to address Competition
• Idea about IP aspects. Relevance of Innovation & Knowledge Mgmt
• Case Study Presentation on real life Product Development

Methodology :

The programme will be delivered in the workshop format. It will be totally interactive & participative, involving case study discussions and sharing of experiences that will help the participants appreciate, understand and be able to apply the tools & techniques learnt during the program.

This program is best suited for:

· Entrepreneurs and middle managers seeking to understand innovation and drive it within their organizations.

· Product managers and developers interested in learning why, what and how of new product development.

· Innovation managers and leaders responsible for fostering a culture of innovation.

· Professionals from various industries looking to enhance their understanding of innovation management.

Speaker Profile:

Kumar Venkatesan is a Global IT Delivery Leader, with over two decades of experience and specialization in Global Delivery Management, Operations Management, Building Capability, managing cross functional teams and digital transformation Initiatives across verticals for some of the biggest brands internationally. Harvard Business School Certified Executive in “Design Thinking & Innovation”, “Data Science for Business”; Certified in AI for Business (Digital Transformation) from Wharton; Leaders Excellence Certified Leader – Harvard Square; Member of Institute of Directors; SAFE Agilist. As a delivery professional and subject matter expert in a digital era, He has a strong understanding of the business and role of business delivery to effectively manage, coordinate and facilitate planning, technology, innovation and account management teams on multiple accounts.

Contact Details :

Revati Khare || Assistant Director – Information and Communication Technology Committee
Email : revati.khare@bombaychamber.com
Tel. (D) + 91 22 6120 0231; (M) + 91 9892029473