Vermont Business Roundtable is a proud partner of VMEC’s 3rd Innovation Engineering Leadership Institute:
Randolph Center, Vermont – The Vermont Manufacturing Extension Center (VMEC) has announced that it will be hosting its third “Innovation Engineering Leadership Institute” on August 23 – 25, 2011 at The Essex in Essex Junction, Vermont. The first IELI training event was held in Burlington in May 2010, followed by the second in February of this year in Woodstock. Innovation Engineering teaches business leaders a proven, systematic approach to leading profitable growth through innovation. It is an intensive 3-day graduate level program designed for senior managers in business, government, non-profit organizations, and academia. Two separate Georgia Tech studies (2008 & 2010) found that innovation is THE MOST profitable primary business strategy compared to low cost, fast delivery, voice of the customer, or quality strategies. In fact, the 3-year average profit margin of companies with a primary strategy of innovation is over 50% higher than for companies competing with a primary strategy of low prices. This training is equally vital to service industries, inventors, entrepreneurs, researchers, non-profits and economic development professionals.
The goal of the Innovation Engineering Leadership Institute is for attendees to learn and apply a proven ‘System’ for leading innovation that can be implemented within their organization. Leaders will gain confidence to implement and lead a profitable business strategy of innovation and how to effectively create ideas for their business or organization that can immediately be used. Valuable connections with other company thought leaders are made and an action plan can be developed to get started with a strategy of innovation.
According to VMEC Director/CEO Bob Zider, “This outstanding training gives leaders powerful tools and the confidence they need to effectively lead innovation in their enterprises. Successful companies have effective SYSTEMS for accounting, quality, Lean manufacturing, customer service, etc., but most do not have a system for innovation that produces a continuous flow or pipeline of quantified ideas and solutions for more profitable customers and markets, services and products, and systems for continuing success. This is our third IELI event in Vermont, and we know first-hand that this training teaches practical tools that significantly increase innovation speed (up to 6X), decrease risk (30-80%) and dramatically build the confidence (over 70%) of leaders to lead the creation and execution of innovative solutions to address their very important problems and very important opportunities. This is a must attend training event for leaders who want to accelerate profitable growth of their organization.”
International innovation expert and entrepreneur Doug Hall will be leading and teaching this event. Founder and CEO of Eureka! Ranch and Eureka! Ranch International, Doug is a highly respected leader who is deeply committed to helping American businesses and organizations succeed in today’s global economy. For more than 25 years, the Eureka! companies have served Fortune 500 clients like Procter & Gamble, Johnson & Johnson, Ford, HP, and American Express, directly through its corporate consulting group. Doug is a best-selling author of five books on courage, creativity, and innovation, including Jump Start Your Business Brain named “One of the 100 best business books of all time” by business book expert, Jack Covert.
Vermont Partners actively supporting and promoting the 3rd Innovation Engineering Leadership Institute in Vermont, alongside VMEC and Eureka! Ranch International, include: The Vermont Business Roundtable, Norwich University, the Vermont Small Business Development Center, the Vermont Training Program of the Vermont Department of Economic, Housing and Community Development, the Vermont Technology Council and Vermont Technical College.
The cost for this conference is $995 per person for small and mid-sized companies (less than 500 employees) and for non-profit, government and academic organizations. For large companies (more than 500 employees) the cost is $1,995 per person. Employees of Vermont companies in Manufacturing, Healthcare, Telecom, Information Technology and Environmental industries may be eligible for a $495 rebate, bringing the registration cost down to $500 per person for small and mid-sized companies and $1,500 per person for large companies. This rebate is available through a working partnership with the Vermont Training Program within the Department of Economic, Housing and Community Development. Organizations of any size not eligible for the VT Training Program rebate can take advantage of a ‘send four for the price of three’ promotion. Research indicates significantly greater company success when organizations have a team of people attend.
The registration price includes all course materials and breakfast and lunch for each day of the conference. Participants will receive three Continuing Education Units (CEUs) from the University of Maine for their participation in the program if they choose to apply.
To register for the August 23 – 25, 2011 conference or for further information, visit http://innovationengineering.info/vermont/ or contact VMEC at (802) 728-1432.
Since 1995, VMEC has operated as a not for profit with a primary mission “To improve manufacturing in Vermont and strengthen the global competitiveness of the state’s smaller manufacturers.” This is done through confidential consulting, coaching, hands-on implementation assistance and training to help Vermont manufacturers achieve profitable growth through innovation, increase their productivity, improve their manufacturing and business processes, reduce costs, improve competitiveness, and create and retain good paying jobs. Through the VMEC PSG business unit established in 2006, VMEC also brings its deep process and strategy expertise to selected non-manufacturing sectors in Vermont, including healthcare, higher education, government, and financial services. Visit www.vmec.org for more information.
Robynn L. Albert, Marketing and Training Manager
Vermont Manufacturing Extension Center
P.O. Box 12, One Main Street
Randolph Center, VT 05061
Office – (802) 728-1457
Cell – (802) 793-2078
Fax – (802) 728-1456