Professor David Edgar

‌Date: Wednesday 15th April 2015
Time: 1pm
Room: 1.5
Topic: Value creation through innovation: How to make it work for your organization?

Professor David Edgar

‌‌Speaker: Professor David Edgar

Speaker biographies

Dr Edgar is Professor of Strategy and Business Transformation and member of the Department of Management at Glasgow School for Business and Society. His main areas of research and teaching are in the field of strategic management, specifically dynamic capabilities, business uncertainty and complexity, and innovation. He has worked with a range of organisations on Business Transformation projects, in particular, relating to e-Business strategies, innovation, and knowledge or talent management. David’s interest in innovation relates to innovation as an element of dynamic capabilities. Professor Edgar has successfully supervised 18 PhDs and currently has nine more PhD students nearing completion. He is currently on the editorial board of four journals and regularly reviews for a further seven. In addition, he regularly contributes to conference organising committees and acts as a reviewer for a range of conferences.

David’s consultancy experience is in the area of soft systems methodology, organisational analysis, managing innovation, business processes analysis and design, scenario planning and strategic planning/reviews. He has worked with a wide range of large private, SME and public sector organisations on consultancy projects in the area of strategy, innovation, process improvement, sustainability and change. The consultancy expertise is supported by and complemented by Professor Edgar’s research interests. In recent years these have started to be contextualised around the strategic development of innovation and organisations in complex and transitional environments and have involved working with colleagues in a range of countries and industry sectors. David has recently been involved in the completion of two EU funded projects, Success Through Succession (INTEREG IV) which provides support for family businesses with Succession Planning, and Kickstart II (Afla 2)which focuses on Innovation in Latin America. He is currently working on further innovation projects and EU funded projects.

Seminar brief

A firm’s prosperity and survival often depend on its ability to design and create “successful” products and services, and ultimately sell them at a “profit”! The ongoing challenge of finding new customers for such offerings in current markets, as well as opening up new markets, is an integral part of the business process. Consequently, a firm’s ability to generate new ideas and commercialise the products and services, that is innovation, plays a crucial role in its success. In this respect, innovation is about seeing connections, recognising opportunities and taking advantage of them, inside and outside the firm. The ability to innovate is therefore key to the success of most companies and is especially difficult to realise in developed economies with more mature markets.

Firms of all sizes race for the customers’ favour in the quest to satisfy their increasingly demanding needs and experiences. Despite this, most innovations fail and thus account for high innovation costs and associated innovation risk. Moreover, globalisation tendencies in the form of labour mobility, and easier access to knowledge and markets, intensify competition and make intellectual property more difficult to protect. So, while expert knowledge workers provide for a sustainable source of competitive advantage they also need to be thoughtfully managed with an emphasis on their creativity, encouraging retention. The former combination of factors leads managers to need to ensure innovation, not only adding real value but also unlocking employee creativity and talent.

During this talk, we take an informed but light-hearted journey through the concept of innovation, value creation and creativity. I hope you leave with some new ideas, feeling refreshed and engaged, and with an alternative perspective to innovation and the innovation process.