M500 February 2017 Innovation

How to Innovate for Profit Growth

Innovation. It’s one of those buzz words that isn’t going away. What is it? What does it mean? Why does it matter?

With Prime Minister Malcolm Turnbull’s $1 billion innovation agenda, innovation should be firmly on everyone’s agenda during 2017. But what does this really mean for your business? How do we ensure that it doesn’t become a distraction?

We will explore:

• Why you need to embrace an innovative culture and mindset
• What you need to consider as you investigate your idea
• How to execute your innovative ideas ensuring they are the catalyst for growth

Every business owner should be considering areas for innovation, with outcome based thinking, considered research and planning.

Meet two guests who are developing strategies through Innovation to
build their businesses

Leslie Barry – Head of Innovation at Sportsbet
Leslie is currently the head of innovation at Sportsbet, Australia’s largest online booker with $117M operating profit in 2015. He was previously the head of innovation at Thoughtworks Australia and has founded several companies. Leslie will share how his experience helps create the ability to innovate and drive change through innovation labs, open innovation and organisation design approaches.

Champions in Business Interview – Leighton and Julia Morley, Septic Systems Australia
Established in 2003, SSA’s core business is the installation, servicing and repairs of domestic, commercial and industrial wastewater treatment plants and pumping stations. Husband and wife duo Leighton and Julia will share how they have worked through innovative ideas to increased their monthly turnover by 500% in two years, whilst managing team growth of almost 300%.