Here at The Forshaw Group, we are always looking at ways to challenge, develop and grow as a business. Back in September, TFG was approved for The Innovation Sprint Programme developed and delivered by Edge Hill University.
The project is an in-depth view of every aspect of the business funded by the UK government through the UK Shared Prosperity Fund with Liverpool City Region Combined Authority. According to the UK government, on average, Small and medium sized enterprises (SMEs) who complete the Innovation Sprint growth programme and implement its action plan achieve a profitability increase of 28-45%.
The team from TFG participated in six three-hour sessions throughout November. The six facilitated sessions enable you to fully analyse the requirements and then develop the solutions to then implement a scale-up strategy. The sessions concentrated on the following.
Session 1 – Clarity and focus
Session 2 – Evidence and insight
Session 3 – Evidence and insight, priorities, and objectives
Session 4 – Solutions and targets A
Session 5 – Solutions and targets B
Session 6 – Growth plan and actions
TFG is pleased to announce it has successfully completed the course. The Innovation Sprint encourages organisations to improve their dynamic capabilities to innovate sensing, seizing, and reconfiguring resources to address challenges and exploit new market opportunities for scale-up. The Innovation Sprint process, underpinned by the framework tools and activities, helps organisations to ask the right questions and use evidence-based decision making to understand their challenges and determine optimal solutions. The Innovation Sprint Programme was challenging and rewarding, and TFG has developed tangible solutions which will drive future growth. A report has been produced to summarises the journey TFG has been through, with key insights developed, decisions made, and importantly an agreed actions plan for implementation, which the team will continue to support.
Our managing director, Liam Hanlon said about the program. “I would like to thank all the TFG staff for their support and commitment to the project, and Julie Strahan Business Development Coordinator & Prof. Simon Bolton Professor of Innovation and Director of the SME Productivity & Innovation Centre for their help and support throughout.”
The team will be invited to attend two Connect to Grow, action plan implementation support sessions taking place around 3-6 months following participation in the workshops. TFG look forward to the Implementation workshops and continued collaboration with the University as we drive the business into further profitable growth.