V-Leader

Developing Entrepreneurial Leaders for New Ventures and Radical innovation Projects

Innovative Ten3 Training Course

Training Focus

Venture Strategies, Entrepreneurial Creativity, and Radical Project Management

The Purpose

To help corporations speed-up their top-line growth by developing Entrepreneurial Leaders and Venture Managers for their Radical Innovation Projects and Venture Businesses.

Key Benefits to Corporations

Stronger venture strategies, management team for radical innovation projects; discovery of hidden internal talents; improved corporate culture for innovation and entrepreneurial creativity.

Filling the Rapidly Growing Need for Entrepreneurial Leaders

Leadership Capabilities as a Source of Sustainable Competitive Advantage.

In today’s rapidly changing innovation-driven world, sustainable competitive advantage of a firm is defined not by their reproducible capabilities such as finance, technologies or explicit knowledge, but by their distinctive difficult-to-reproduce capabilities, such as entrepreneurial leadership, teamwork and tacit knowledge.

Venture Strategies as a Key Source of Top-line Growth

Durable corporate venture strategies include internal investment in innovation, new product/service development, and in-company ventures, new business creation though spinouts, and external venture investing in new technologies and emerging markets. The most successful companies are those that have developed aggressive venture strategies and have made ventures critical components of their strategic and operating success. For today's corporations, traditional internal expansions, efficiency improvements and "synergistic" acquisitions are no longer sufficient sources of growth in most industry segments that had grown crowded and hypercompetitive. The new challenge is to search for emerging "white space" opportunities, new-business creations that would meet the unmet, unserved needs of customers in emerging markets.

Growing Need for Entrepreneurial Leaders. New ventures and radical innovation projects are characterized by high level of uncertainties related to technology, market, organization, and resources. Management of new ventures and radical innovation projects requires a lot of experimentation, adaptation, entrepreneurial creativity and entrepreneurial leadership arts and skills. It is fundamentally different from managing business operations and incremental innovation projects. As corporate venturing is expanding rapidly, the need entrepreneurial leaders for managing new ventures will grow at the same speed.

Innovative Sandwich Event: Training – Practice – Training

“I hear and I forget. I see and I remember. I do and I understand.” – Confucius

Before training: Trainees are given an outside-the-box product idea and are requested to draft venture strategies and a business model

Day 1-2:  Training on Entrepreneurial Creativity, Entrepreneurial Leadership, Venture Management, Venture Strategies, Competitive Strategies, Radical Innovation Project Management, and New Business Models

Day 2-3:  Trainees improve the venture strategies and business model they’d drafted based on the new knowledge gained. Innovative solutions are discussed in a group. Interactive feedback and training.

 Training With a Difference

Traditionally, the end of a training course is the end of the guidance by the trainer.

Our Ten3 courses are different! The end of our training course is just the beginning of our guidance and your exciting journey.

Better learning

Trainees are more receptive to new knowledge and ideas during the training as they've applied their mind to the subject while preparing the draft venture plans before training and know that they must improve relevant chapters of these plans after each training session.

Better understanding

“I hear and I forget. I see and I remember. I do and I understand,” said Confucius. The best kind of quality oriented learning is just-in-time-style learning, that is, learning that happens on the job and knowledge which is applied immediately as needed. The sooner you can apply the material you learned, the better you will understand it and the longer it will be retained. We achieve this by asking trainees improve relevant sections of their venture plans and business models after each training session.

Better Outside-the-box Thinking

Thinking outside the box is a vital skill of a venture leader in today's complex and rapidly changing world. Trainees are encouraged to challenge assumptions and stretch their imagination while preparing venture strategies and business models for outside-the-box new product ideas before and during the event. Winning innovative solutions are further inspired in the process of cross-pollination of ideas during the last session of the training course.

Better implementation

The training provides the necessary bridge between Strategizing to Design and Implementation. Trainees will gain a better understanding of the total competitive arena and learn to anticipate competitive developments and moves. Building  "prepared minds" is necessary to make sure that decision makers have a solid understanding of the venture, its strategy, and the assumptions behind that strategy to be able to respond swiftly to challenges and opportunities as they occur in real time.

Post-training support

The participants will be given a CD with the latest version of Ten3 Business e-Coach, your 360º achievement catalyst, and Ten3 SMART screen savers that will provide them with continuous 24/7 inspirational e-coaching.