Welcome to a series of blogs and vlogs designed to help you better understand Management Knowledge Transfer Partnerships (MKTPs).
Management KTPs are a funding opportunity aimed at helping UK businesses improve the way they work.
They are built on the highly successful Knowledge Transfer Partnership model – the UK’s longest running knowledge exchange programme which has helped more than 14,000 businesses innovate for growth.
Like KTPs, Management KTP’s link you in a collaborative partnership with specialist academics who have the know-how to help you transform the way your business operates.
BLOG: THE BENEFITS OF WORKING WITH ACADEMICS IN A MKTP
“No-one knows your business like you do, but learning from research about what works in many other businesses can add tremendous benefit as you plan to grow and overcome new challenges and exploit new opportunities.
My name is Jan Stringer and I’d like to tell you about a tried and tested mechanism – that provides fresh techniques and insights from experts in UK Universities – could benefit your business. That mechanism is a Knowledge Transfer Partnership or KTP – and it’s recently been joined by the management KTP or mKTP which has a skills and people focus.
Both programmes enable fresh insights from a wide range of academic experts working at one of our great UK Universities or other research organisations. They have done in- depth study on how to improve a specific area of business operations or technology. And they are there to support your business to innovate and grow.
KTP also provides a talented “ Improvement Champion” (the KTP Associate) based in your business for 12 to 36 months, to lead the activities that enable improvements across many areas of your operations in a way that is adapted to your unique company culture.
For example, in a Management KTP, one academic could transform your people management practices using expertise in human behaviour, whilst another applies cutting edge digital marketing research to differentiate your online presence.
The academic team works with you on a one to three year project plan, specific to your needs, which delivers your strategy and also implements the solutions, enhancing innovation within your business. The academics dedicate around half a day a week to support the implementation of the plan.
But who is going to lead on that project plan delivery? The KTP grant provides for a talented, usually post graduate, “Improvement Champion”, called the KTP Associate, who is based in your business, but employed by the University, and chosen by you both. Thus you can still concentrate on day to day operations, whilst steering the longer term transformation of your business by the Associate, working alongside you.
The cost of the KTP is subsidised by the Government, which works out costing less than directly employing a highly qualified person. Effectively, the input of the academic experts are free. And, via the KTP Associate, knowledge is embedded within your business. Your own Knowledge Transfer Adviser, such as myself, also supports you all the way on the KTP journey. Interested?
This is one in a series of V/blogs about Management KTP
Mark Lynch: Introducing MKTP
Jan Stringer: Why Work with Academics?
Jim Berryman:What are MKTPs for?
Fiona Nightingale: Why Now is the time to engage in Management KTP
Dr Lorna Howarth and Dr Gordon Jack: Interview Management KTP Associate Dr Gordon Jack, IPIG LTD
Prof David Bamford (Manchester Metropolitan University): Why Academics should engage in MKTP
Use Management KTP to:
Management Knowledge Transfer Partnerships are funded by the UK Government Department for Business Energy and Industrial Strategy through Innovate UK and delivered by KTN in partnership with Knowledge Bases.
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