Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
Ever wondered about the downfall of billion-dollar giants like Kodak? This course focuses on understanding the challenges of disruptive innovation and the innovator's dilemma, offering strategies for overcoming these issues. A key emphasis in the course is that the disruption is not about technology, but about business and strategy. Ultimately, the course focuses on aligning product capabilities with customer convenience, which is a crucial aspect of navigating industries experiencing disruptive change.
In a business world increasingly driven by innovation, CPAs play a crucial role in guiding and implementing innovative strategies. This course equips CPAs with the knowledge and tools to lead and support innovation initiatives, ensuring they remain vital contributors in a rapidly changing business environment.
Key Takeaways
By the end of this seminar, participants will understand the following:
- Innovation vs. Disruption: Understanding the balance between maintaining successful business practices and adapting to disruptive technological advancements.
- The 'Innovator’s Dilemma': Exploring how established companies can struggle with innovation, often hindered by their past successes and existing business models.
- Principles of Disruptive Innovation: Delving into the five principles of disruptive innovation, highlighting the importance of market dynamics, customer needs, and growth strategies in shaping business innovation.
- Adapting to Market Changes: Learning from real-world examples such as the steel industry's shift from integrated mills to minimills, illustrating the need for flexibility and adaptation in business strategies to stay competitive.
- Financial Metrics and Innovation Bias: Analyzing how traditional financial evaluation tools, like DCF and payback models, can inadvertently hinder innovation. This takeaway discusses how these tools can create a bias against investing in disruptive technologies, as seen in the case of integrated mills and their reluctance to adopt minimill technology.
- Alternative Views on Innovation: Users will be presented with alternative frameworks to explore, providing a balanced understanding of different approaches to innovation strategy.
Who Will Benefit
Ideal for those interested in strategy and innovation as well as CPAs involved in leadership, management, technology or consulting.
CPA Ontario AI Paper
In our thought leadership paper, Trust in New Frontiers: Putting AI Governance into Practice we examine how CPAs, guided by technical expertise and high ethical standards, can lead the charge in strengthening AI governance and building public trust.
Discover how CPAs can champion responsible AI governance and help organizations to embrace AI with confidence and integrity.
How to Access the Course
This course is a live webinar. You must attend the live course to receive verifiable CPD hours. We recommend you join five minutes prior to the scheduled starting time.
Electronic material can be accessed one week prior to the course and should be downloaded in advance.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.
Speaker(s)
Malik Datardina, CPA, CA, CISA is the Governance, Risk and Compliance (GRC) Strategist for Auvenir. His two decades of experience encompasses audit innovation, audit data analytics (ADAs), risk and security governance. At Auvenir, Malik analyzes disruptive trends and technology like artificial intelligence, blockchain, and big data to build the audit platform of the future. He also wears the GRC hat, where he handles risk & compliance issues. Malik uses his wealth of knowledge in the innovation space to explore the impact of both innovation and exponential technologies on the profession and has authored professional publications on the topic. Malik also teaches the future generation of CPAs within the University of Waterloo’s Master of Accounting program.