Rejuvenate Your Business Through Entrepreneurship
How can local businesses use entrepreneurship and innovation to stimulate economic growth? Ms Hanadi Jabado, Entrepreneur in Residence at the University of Cambridge, works with companies around the world and shows them how they can reinvigorate their business practices through nurturing entrepreneurial flair.
Hanadi addressed the potential benefits of nurturing such entrepreneurial behaviour, and also the associated challenges of managing entrepreneurial employees.
This lecture was aimed at established organisations and businesses, start-ups, government bodies, policy makers and anyone who is interested in stimulating the local economy.
How companies can manage technological change through innovation in order to stay ahead of the competition was the central theme that Professor Christopher Tucci discussed during his InterTradeIreland Innovation Lecture at Queen’s University Belfast. The lecture entitled Managing Technological Change Through Innovation: What's an Incumbent to Do?, was delivered on Monday 2 April 2012 in Riddel Hall.
Professor Christopher Tucci is Chair in Corporate Strategy & Innovation at the École Polytechnique Fédérale de Lausanne (EPFL) in Switzerland. He is co-author of the books Nurturing Science-Based Ventures and Internet Business Models and Strategies, and has many years of experience advising businesses of all sizes on how to use innovation as a means to increase their market share.
The innovation lecture was aimed primarily at members of the local business and industry community who are interested in exploring innovative ways to develop and grow their businesses, as well as academics specialising in innovation and local policy makers.
Aidan Gough, Strategy & Policy Director at InterTradeIreland, who introduced Professor Tucci said: “For the ambitious firm, achieving sustainable, innovation-led growth is both a complex and challenging imperative. Internal capabilities are no longer sufficient to gain and sustain competitive advantage as companies must draw on external resources and expertise across the island and beyond to be successful.”
Professor Tucci’s lecture examined how some of the world’s leading companies stay ahead of their competition when faced with new technology that threatens to destroy them. Using examples from the energy, military, entertainment and ICT sectors he demonstrated the innovation response strategies that incumbents need to adopt if they wish to grow and prosper. He also outlined the distinction between radical and incremental innovation and referenced his latest research on how businesses can manage and thrive throughout the process of ‘creative destruction’.
Speaking in advance of his lecture Professor Tucci said, ‘My advice to local businesses that wish to prosper and grow, especially in the current economic climate, is to think not only about current product offerings, but about a continuing stream of new products and services and the best way to commercialize them’.
Professor Tony Gallagher, Pro-Vice-Chancellor for Academic Planning, Staffing and External Relations at Queen’s University Belfast, who welcomed the speaker to the University lecture commented: ‘Professor Tucci’s visit provides a fantastic opportunity for the local business community to get first-hand insight into business development from a world-class expert in this field. We are delighted to host such a prestigious event at Queen’s University’.
Professor Tucci also gave three masterclasses for business representatives during his two-day visit to Queen’s entitled: Open Innovation: Best Practices; Design Thinking and Innovation the IDEO Way; and Exploiting Web 2.0 to Boost Innovation.
Thomas Lawton is Professor of Strategy and International Business at EMLYON Business School, a French grande école and one of Europe's top ten business schools. He is also a Visiting Professor at the Tuck School of Business at Dartmouth in the United States and a visiting faculty member at Imperial College London. He is a Fellow of the Royal Society for the encouragement of Arts, Manufactures and Commerce (RSA). An Irish national, Thomas lives in London and Lyon.
Prof Lawton holds degrees from University College Cork and the London School of Economics and has a doctorate from the European University Institute in Florence, Italy. He has previously held full, part-time and visiting faculty positions at Cranfield University, Imperial College London, Trinity College Dublin, the Athens Laboratory of Business Administration, the London School of Economics, Royal Holloway University of London, the University of Warwick and IESEG Université Catholique de Lille. He has been a Visiting Scholar at the University of California, Berkeley, EU Human Capital Mobility Fellow at the University of Essex and a Research Fellow at INSEAD. Dr Lawton's research expertise focuses on business model innovation, strategic political management and organizational capabilities, political risk and internationalization strategy and strategy process and practice. He is also a leading global authority on strategic management in the airline business. He has published more than 30 papers and book chapters and is the author or editor of 6 books, including Strange Power (2000) and Cleared for Takeoff (2002). His last book, Breakout Strategy: meeting the challenge of double-digit growth, was published by McGraw-Hill Professional, New York, 2007 and has been widely commended for its global focus and relevance to practicing managers and aspiring leaders. His next coauthored book, Aligning for Advantage: business strategy for the social and political arenas, will be published by Oxford University Press.
Thomas Lawton has spent more than 15 years consulting for and advising leaders and managers on business development and market growth. He has worked with a wide range of international companies and organizations in developing their present and future strategic leaders and charting their strategic trajectories. Clients include
the Arab Air Carriers Organization, Bank of New York Mellon, Bombardier Transportation, EDF Energy, Environmental Agency Abu Dhabi, IBM, International Air Transport Association, Lincolnshire Police Authority, LSE Enterprise, Singapore High Technology Association and WYG Group. He has also been Academic Director of the global Executive MBA in International Financial Services Management for JP Morgan Asset Management. He has facilitated senior management and board level workshops and led executive and graduate programs on corporate strategy, leadership, and international business dynamics at universities and corporations in North America, Europe, the Middle East, and Asia.
In his innovation lecture Prof Lawton provides an insight into the trajectories and techniques that you need to move toward the 'sweet spots' that exist in your industry. He emphasises the need to harmonise the hard, financial and technology processes with the softer, leadership and people factors. The result is an inclusive picture of successful strategy formulation and execution.
He also considers:
Click here to download Dr Kelly's presentation