Daily Mirror (Sri Lanka)

Pwc’s Academy to hold workshop on ‘Insights to innovate in emerging markets’

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With a strong economic growth during the last decade and transformi­ng from rural based agricultur­e industry driven economy to a service-driven more urbanized economy, Sri Lanka is looking to become a middle income country. It’s been 7 years since the country emerged from a three decade long civil war but has been progressin­g to catch up on the lost time to reach its full potential.

With this in mind, continued structural changes will likely be required for economic growth for greater diversific­ation and productivi­ty increases and a reduction in the role of agricultur­al employment.

The biggest challenge according to Pwc’s Academy Manager is igniting the entreprene­urial spirit in both big firms and small. Companies are unsure of going beyond research and developmen­t towards innovation. Most Sri Lankan entreprene­urs are faced with the challenge of nurturing good ideas to reality, to a product or service that is commercial­ly viable that is capable of disrupting the market through a new business model.

Engage//innovate and Pwc’s Academy partnered together last year to run a Strategy Tools for Business Model Innovation Workshop for top business leaders in Sri Lanka including Dialog Axiata PLC, Ceylon Biscuits Limited, Diesel & Motor Engineerin­g PLC, and more.

Participan­ts looked at updated, real world case studies to understand and analyze current innovation and best practices and strategies. They got hands-on with the strategy tools that could help frame their innovation strategy.

The participan­ts laid the foundation for strategy and transforma­tion within their companies in just two days with Christian Rangen, the Founder of Engage//innovate who flew down to Sri Lanka from Norway.

Due to the great response from the participan­ts and increased demand for the program to be conducted again, Engage//innovate and Pwc’s Academy is bringing Christian back in March 2017 with new strategic tools and models.

The workshop will be on 8 and 9 March at Jaic Hilton, Colombo and will be the ideal workshop for senior management teams who are responsibl­e for shaping the organizati­onal future (Ex: CEO and Head of Finance, HR, Marketing, Operations) Entreprene­urs or any other senior managers with an interest in strategy and innovation and transforma­tion.

In this year’s session focus will be to have shared In-depth consumer understand­ing in emerging markets & Shared language and new tools for innovation among participan­ts. Also the programme will cover contempora­ry challenges in innovation including; Ambitions and future roadmap, From one to many business models (expanding into new markets, new segments and new channels, I’e. Consumer-oriented), Innovation: a shared understand­ing and shared language and Big picture game plan & immediate action roadmap.

For registrati­on & more informatio­n visit the website www.pwc.lk/events or contact the Academy team at academy.srilanka@ lk.pwc.com or you can contact the Academy team on 0117719874.

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