New Delhi, Oct 26 (KNN) The Indian School of Business (ISB) jointly with Gesellschaft fuer Internationale Zusammenarbeit (GIZ), Ministry of Micro, Small and Medium Enterprises (MSME) and Steinbeis, Germany is launching a new training programme on “Managing Innovation in Small Businesses”.

The first training which is offered at an attractive subsidized rate will start on 11th November with 5-days practical training till 15th November followed by a 4-weeks implementation break and ending with a 2-day finishing school on 16-17 December 2016.

The workshop aims to enhance the innovation management capacity of SMEs and is also designed to equip the participants with hands-on tools to start or manage product, process or business model innovation in their enterprises. It includes excercise based sessions, practical case studies and an opportunity to work on individual innovation ideas/projects - supported by experts and facilitators from Germany, USA and India.

The training format which was piloted in August 2016 in Bangalore with 25 SMEs participating from across India has shown first successes.

An Indore based SME went back after the training to work on its portable toilet to reduce cost for transport and packaging. In the six week break with the support of Steinbeis experts the SME owner developed a foldable frame for the toilets which is now half of the original size thus consuming less packaging.

A Pune based SME initiated an idea competition among their employees after the training course. Formats for evaluation were developed and the idea competition was integrated in the KPI of their employees. In the first month the management team received 25 ideas out of which half can be implemented in real time.

The training has been initiated within the framework of Indo German Bilateral Development Cooperation programme “Innovation Promotion in MSMEs” being implemented by GIZ and office of DC-MSME, MSME Ministry, Government of India.

ISB - Business School is among the top notch management institutes in India providing MBA and PGPM courses in India. It has evolved from the need for a world-class business school in Asia. ISB is committed to creating such leaders through its innovative programmes, outstanding faculty and thought leadership. Funded entirely by private Corporations, foundations and individuals from around the world who believe in its vision, ISB is a not-for-profit organisation. With a rich experience in conducting Executive Courses for Corporates as well as Government, ISB has the expertise to carry out tailor-made capsules with rich global as well as localized content that cater to the exact needs of SMEs. Currently ISB has the biggest practice of conducting training of executives in Asia.

For further information on the training and to register go to: http://www.isb.edu/managing-innovation-in-small-business  (KNN Bureau)