Want to transform business performance through more effective management?
Posted on 12/12/2019
As outlined in the KTN’s recent Webinar on Management Knowledge Transfer Partnerships (mKTP), this is an initiative designed to create transformational change within companies by introducing major improvements to management practice. The dedicated funding competition for mKTP opens today and closes on 19 February 2020, so now is the time to think about whether this programme could help your organisation increase management effectiveness. And if you think it might, talk to one of our expert Knowledge Transfer Advisers. They’re based all over the UK and can help assess the feasibility of your idea in the first instance.
“We would encourage any company with a strategic ambition to expand management capability to talk to us about a mKTP. This programme is all about helping companies develop the kind of processes and practices that can deliver a real step change in management performance, and transform their ability to grow” said Mark Lynch, one of the Knowledge Transfer Network’s specialist Knowledge Transfer Advisers (KTA) who help at every stage of a mKTP.
Like the successful Knowledge Transfer Partnership (KTP) programme which has been helping companies innovate for growth for over 40 years, a mKTP links companies with one of the UK’s leading business school academic teams and a talented graduate or post-graduate. This collaborative partnership lasts between 12 months and three years and aims to help translate research insights and expertise into real business impact. How? By injecting significant management expertise that expands business capability, increases efficiency and enables lasting change and growth.
The first two companies participating in a mKTP were recently announced: Resistant Building Products Limited in partnership with Queen’s University, Belfast; and Glasgow-based glass specialist, IPIG, in partnership with the University of the West of Scotland.
The objectives for IPIG’s mKTP are to “undertake a market-led strategic change and business development project, underpinned by optimised business processes, management systems, customer-centric culture and strategic agility”. Jim Berryman, another specialist KTA at the KTN who helped put the application together commented that “This mKTP has the potential to be transformative for the host company and will extend the real-world impact of the expertise being applied by UWS. IPIG has an enviable reputation for delivering award-winning projects, and we intend to build on this by enhancing internal management capabilities to secure the long-term competitive advantage of the business”.
For Resistant Building Products, their mKTP aims to develop and embed an effective R&D capability to improve their product performance and range. Ken Frame, the KTA who facilitated this partnership application, said “I am thrilled that this application has been successful. The mKTP initiative more generally promises to make a real difference, both within SMEs and larger organisations, and we look forward to working with a lot more companies who want to improve their management practices and processes via the mKTP programme”.
As with all KTP projects, mKTPs enjoy the expert input of a Knowledge Transfer Adviser from the KTN who is with you every step of the way, from scoping the initial project idea and making the funding application, right through all stages of the project and its assessment and evaluation once complete.
The funding competition for mKTP opens on 12 December 2019 and closes on 19 February 2020 alongside the KTP funding competition.
If you think a mKTP could help your organisation expand its management capability, talk to one of our expert Knowledge Transfer Advisers today!
About Knowledge Transfer Partnerships (KTPs)
Knowledge Transfer Partnerships (KTPS) create a three-way collaboration between a forward-thinking organisation, a team of UK academic experts and a suitably qualified graduate or post-graduate (the KTP Associate). Together the partnership works to realise a strategic innovation idea.
Since the programme was introduced over 40 years ago, more than 12,000 companies have participated in KTPs, and today there are nearly 800 companies, over 100 Knowledge Bases (UK universities or research institutions) and over 850 KTP Associate places involved in these unique collaborations. (You can find some current KTP Associate vacancies here).
Applications for funding are available throughout the year and are welcomed from organisations across all sectors of the UK.
Knowledge Transfer Partnerships (KTPs) are funded by UKRI through Innovate UK with the support of co-funders, including the Scottish Funding Council, Welsh Government, Invest Northern Ireland, Defra and BEIS. Innovate UK manages the KTP programme and facilitates its delivery through a range of partners including the Knowledge Transfer Network (KTN), Knowledge Bases and Businesses.
For more information about KTPs and mKTPs, click here.