Good management practices have the potential to play an important role in enhancing the level of R&D spending undertaken by firms. Building capabilities of future R&D leaders in India will help complement the R&D spending by industry, leading to an increase in innovation output for firms and in turn the overall economy.
The ‘Transforming R&D in Indian Firms’ is an executive learning programme designed for individuals considering a career as future R&D heads. The programme aims to train future leaders to deal with various technical and management challenges that are likely to come their way, and also enhance the quality of R&D expenditure their organisations undertake.
What are the challenges an R&D leader is likely to face?
Credibility & Trust
Operational bottlenecks/Functional Silos
Identifying and retaining talent
Uncertain demand for innovation
Managing multiple R&D projects
Embracing and tackling risk and uncertainty in innovation
Commercialisation of R&D
Balancing between exploitation and exploration
Coordinating R&D and firm strategy
What are the skills that an R&D leader would need?
Understanding business needs and strategy
Collaboration & Compromise
Speaking the Language of Senior Management
Understanding market dynamics and competitive environment
Proactive Financial & IP Management
Keeping a track of future trends
Agility and Adaptability
What are the roles an R&D leader is likely to play?
Innovation Portfolio Manager
Successful participants of the programme will be awarded with a certificate of completion signed by Ahmedabad University and CTIER.