In an era of rapid technological advancements and evolving market dynamics, our client (a global general insurance company) recognized the critical importance of nurturing leaders who could spearhead innovation and drive the company forward.
Situation
As part of their strategic objectives, they sought to develop a leadership development program specifically tailored for high potential people managers. To ensure the program’s success, they embarked on the quest to find a training vendor specializing in innovation.
Action
After extensive research and consultations with several companies, they hired the Innova Solutions team, whose proposal perfectly aligned with their objectives. Innova Solutions demonstrated a deep understanding of the organization’s needs and crafted a tailored approach that incorporated cutting-edge innovation methodologies.
The Innova Solutions team devised a hybrid Innovation workshop that introduced the high potentials to the transformative concepts of Design Thinking and Agile Project Management. Recognizing the value of hands-on experience, they complemented the workshop with an intensive Action Learning program spanning six months. This program challenged teams to develop real-world, work-based innovations that could positively impact the client’s organization.
Results
The results exceeded expectations. Thirty-one high potentials participated in the program, and each one showcased their ability to think innovatively by presenting a unique innovation project concept. The level of engagement and commitment from the participants was truly remarkable.
Over the course of the program, 19 innovation projects were executed to study their feasibility and potential value. These projects covered various aspects of the insurance business, ranging from operational enhancements to customer experience innovations. The teams crafted detailed proposals, thoroughly assessing the market potential, implementation requirements, and projected outcomes of their respective projects.
The culmination of the program came when the teams presented their innovation projects to the top management. The impact was immediate and tangible, as several projects were approved and allocated the necessary funding to bring them to fruition. The organization’s leadership recognized the tremendous value these projects held and embraced the entrepreneurial spirit that had been fostered among the high potentials.
Notably, a few of the projects were already completed by the end of the feasibility study period without requiring additional funding. These self-funded innovations have not only generated significant value for the business but also served as inspirational examples of the transformative potential residing within the client’s organization.
Conclusion
Through this partnership with Innova Solutions, the client was able to successfully develop a leadership development program that empowered their high potential people managers to drive innovation within the organization. By combining the power of Design Thinking and Agile Project Management, the program instilled a mindset of creativity, adaptability, and customer-centricity among the leaders.
The results were remarkable, with 19 innovation projects making tangible contributions to our business, both financially and operationally. The success stories emerging from this program have inspired a culture of innovation across our organization, fueling ongoing transformation and positioning us as a leader within our industry.
At Innova, we believe in the power of tailored solutions and strategic partnerships. By collaborating closely with our clients and leveraging our expertise in innovation, we enable organizations to unleash the potential within their teams and drive sustainable growth. Contact us today to embark on your own journey of transformative leadership and innovation.
