Agenda: Day 1 (5 March)
Why: the new reality - industry pressures reshaping the industry
- Open innovation in and beyond the financial industry
- The emergence of disruption in markets, behaviours and geographies
- Group discussion - your business drivers for open innovation
Exploring the open innovation ecosystem
- Look deeper at the full range of Open Innovation methods
- Selection - which do you choose based on your desired end goal
- Group activity – mapping what do you currently do and why?
Innovation models: frameworks for industry change and organisational adaptation
- Case studies of open business models in and beyond financial services
- Dissecting, designing and developing new business models
- Group activity - Templates for industry competition and cooperation
Open innovation engagement - what can you do?
- Integrating external partners into your innovation process
- Improving your ability to work and co-create with the external ecosystem
- Group exercise – developing your open innovation blueprint
Agenda: Day 2 (6 March)
Enhancing open innovation & building the adaptable organisation
- Obstacles and stumbling blocks on the road to open innovation culture
- Addressing, the people and cultural issues needed to successfully change
- Group activity - Developing your open innovation capabilities
Building your open innovation toolkit
- Obstacles and stumbling blocks on the road to open innovation programme
- Addressing, the process, and systems needed to successfully change
- Group activity - Developing your open innovation tools and processes
Practical case studies: thoughts of success and failure across the sector
- Big Bank
- Challenger Bank
- Regulator
- Start-Up
Practical group exercise: applying what you know
- Small group focused case study and proposal development
- Apply different models discussed in day 1
- Develop a strategy proposal for directing the company in the face of industry level pressures
Project presentations
- Teams present their different proposals
- Group analysis and feedback of proposals and their strengths and weaknesses
So what? Reflections & considerations
- Developing your action plan
- Looking at tangible next steps for your innovation activities
- Key takeaways