Effective management can transform business performance.
That is why Innovate UK has introduced a new programme designed to inject significant management expertise that expands business capability, increases productivity and enables lasting change and growth.
The initiative is called a Management Knowledge Transfer Partnership, and it runs alongside the highly successful Knowledge Transfer Partnership (KTP) programme which has been helping companies innovate for growth for over 40 years.
Management KTPs aim to enable transformational improvement by identifying key, strategic, management-based initiatives to increase business effectiveness. How? Via novel and innovative partnerships with the UK’s world class Business Schools. You can download a flyer about Management KTP here
One of the first mKTPs is between Resistant Building Products and Queen’s University, Belfast led by Academic Advisor, Dr Shirley-Ann Hazlett, Senior Lecturer, Queen’s Management School who commented that:
“ I have been involved with a range of KTP programmes for the last 10+ years, but this current programme with Resistant Building Products (RBP) is probably the most dynamic one to date. RBP is a small, successful organisation with ambitious growth plans, However, rapid and very unpredictable changes in the external business environment could impact negatively on the organisation. As a result, this KTP programme will focus on designing, developing and implementing an ambitious stakeholders management strategy. The KTP Associate will get excellent hands on experience in understanding-how an organisation operates holistically. Drawing on both theory and practice in strategic management, marketing, the digital business, stakeholder management, building and enhancing stakeholder relationships measurement and business improvement, the Associate will be able to shape and influence the organisation’s growth plans. This dynamic 3-way partnership can and does drive competitive advantage in organisations like this, by delivering unparalleled and cost effective access to the UK’s world-class knowledge base.
This Management KTP initiative is fantastic for any growth-oriented SME, such as RBP, and we cannot recommend this programme highly enough”.
If you think a Management KTP could benefit your organisation, talk to one of our expert Knowledge Transfer Advisers – we have 31 based all around the UK and you can find your nearest one here.
Just like our highly effective KTP programme, Management KTPs (MKTPs) create a dynamic 3-way partnership between your company, a team of academic experts and a skilled graduate. The focus of a Management KTP is specifically on increasing effectiveness and improving results through better management practices.
Management KTPs aim to enable transformational improvement by identifying key, strategic management-based initiatives to increase business effectiveness. How? Via novel and innovative partnerships with the UK’s world class Business Schools.
Management KTPs take a wide view, incorporating a range of leadership and management skills and requirements to build a strategy that drives change and improves business performance.
Spanning all key business functions – from marketing to IT, creativity to strategic management; HR to employment relations; finance to logistics – Management KTPs seek to support strategic management projects across core activities including:
The expertise held within the UK’s Business Schools is shared via a Management KTP collaboration to help businesses draft and execute practical plans to radically improve their business processes, boost productivity and increase profitability.
Enabling SMEs and larger companies to activate proven productivity and growth initiatives – such as benchmarking, application of digital tools, and advanced people skills – the Management KTP delivers new capability as part of a comprehensive leadership and management strategy.
Result? SMEs can sustainably scale-up and grow; and larger companies can incorporate better business processes to improve productivity.
If you think a Management KTP could help your company increase its productivity contact one of our expert Knowledge Transfer Advisers. They can help assess whether your management project is appropriate for funding through Innovate UK and help you with your application. Once your application is approved, your Adviser will be on hand throughout your project to help guide and support it and help ensure its success.
The first round of Management KTP funding competitions opens on 12th December and closes on 19 February 2020 at midday.
What does a Management KTP cost?
Just like a KTP, the cost of a Management KTP is shared by you and Innovate UK who contributes 50-67% of the project cost via a grant to the Business School (or other academic institution). You make a cash contribution for the remaining project cost with a small-to-medium business contributing 33% and a large business 50% per annum.
Like KTPs, Management KTP projects can last between 12 months to three years. To discuss the potential of a Management KTP for your organisation, locate and contact your local Knowledge Transfer Adviser on our map of KTA locations or from the list here.
The Management KTP initiative is fantastic for any growth-oriented SME, such as RBP, and we cannot recommend this programme highly enough”.
“Through KTP, I’ve found a graduate role which offers both academic and industry experience in equal measure. My role is intensely immersive, which I put down to the considerable degree of autonomy the KTP framework affords. Our project is a win-win for its stakeholders, may lead to job creation and will reduce our Carbon footprint. That’s satisfying.” David BeattieDavidsons Feeds/James Hutton Institute
"I am privileged to work both with gifted academics at the University of Cambridge, and bright minds at Vizzuality, a change agency for a sustainable and fair future. I am grateful for this unique opportunity to work in a job that I love and believe in." Melanie Herrmann, KTP AssociateVizzuality/University of Cambridge
"KTP is like a beautiful interwoven fabric of academia and industry"KTP Associate, Cosmotec Ltd and University of Salford
"KTP provides a superb pathway for knowledge transfer, enabling academic research to be applied to deliver impact to real world solutions".Strathclyde Institute of Pharmacy and Biomedical Sciences
Knowledge Transfer Partnerships were not really on my radar but when I found out more about them I realized it was the precise mechanism we needed to realize our innovation goals. It has transformed our business, taking us in to new markets and bringing in fresh thinking and capability which has made us much better able to develop the kind of ideas which will expand our business for years to come.”CEO, CSols Ltd
Working with OLIO and the University of Nottingham has helped me develop personally and professionally. It has helped me contribute the skills and knowledge I have gained so far, as well as develop new skills in the fast-paced domain of data science. OLIO is dedicated to addressing one of today’s greatest challenges- food waste, and I am grateful to be part of this solution.KTP Associate, University of Nottingham / OLIO
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