Effective management can transform business performance. Always key, this has never been more important than now as we navigate the changes brought about by the impact of Covid-19 and Brexit. And that is why the Management KTP (mKTP) can be such a powerful tool for businesses.
People-focused, and designed to trigger culture change, mKTPs enable transformational improvement by identifying strategic, management-based initiatives that increase business resilience and agility, and expand management effectiveness.
Management KTPs are being used by a wide range of businesses in all sectors of the economy and right across the UK. For a snapshot of the kinds of projects and companies currently engaged in mKTP, see here. Each one customised to the particular needs of the business engaging in the mKTP, this is a flexible mechanism that can deliver real, positive change.
If you think a Management KTP could benefit your organisation, talk to one of our expert Knowledge Transfer Advisers – we have 34 based all around the UK and you can find your nearest one here.
Just like our highly effective KTP programme, Management KTPs (mKTPs) create a dynamic 3-way partnership between your company, a team of academic experts and a skilled graduate. The focus of a Management KTP is specifically on increasing effectiveness and improving results through better management practices.
Management KTPs aim to enable transformational improvement by identifying key, strategic management-based initiatives to increase business effectiveness. How? Via novel and innovative partnerships with the UK’s world class Business Schools and academic teams.
Management KTPs take a wide view, incorporating a range of leadership and management skills and requirements to build a strategy that drives change and improves business performance.
Spanning all key business functions – from marketing to IT, creativity to strategic management; HR to employment relations; finance to logistics – Management KTPs seek to support strategic management projects across core activities including:
Academic expertise is shared via a Management KTP collaboration to help businesses draft and execute practical plans to radically improve their business processes, boost productivity and increase profitability.
Enabling SMEs and larger companies to activate proven productivity and growth initiatives – such as benchmarking, application of digital tools, and advanced people skills – the Management KTP delivers new capability as part of a comprehensive leadership and management strategy.
Result? Businesses can incorporate company-wide improvements to deliver better business processes and positive impact.
If you think a Management KTP could help your company increase its productivity contact one of our expert Knowledge Transfer Advisers. They can help assess whether your management project is appropriate for funding through Innovate UK and help you with your application. Once your application is approved, your Adviser will be on hand throughout your project to help guide and support it and help ensure its success.
What does a Management KTP cost?
Just like a KTP, the cost of a Management KTP is shared by you and Innovate UK who contributes 50-67% of the project cost via a grant to the Business School (or other academic institution). You make a cash contribution to the remaining project cost.
Like KTPs, Management KTP projects can last between 12 months to three years. To discuss the potential of a Management KTP for your organisation, locate and contact your local Knowledge Transfer Adviser here.
Click the links below to view the series of blogs and vlogs designed to help you better understand Management Knowledge Transfer Partnerships (mKTPs).
Mark Lynch:What are Management KTPs?
Mark Lynch: How does Management KTPs Funding work
Jan Stringer: The benefits of Academic Collaboration
Jim Berryman:What are mKTPs for?
Fiona Nightingale: Why Now is the time to engage in Management KTP
Dr Lorna Howarth and Dr Gordon Jack: Interview Management KTP Associate Dr Gordon Jack, IPIG LTD
Prof David Bamford (Manchester Metropolitan University): Why Academics should engage in an mKTP
"KTP projects pave the way to businesses who want to exploit the latest advancements but do not have the expertise or confidence to do so. Through input from academic experts advising on the latest research in the field, and unrelenting support and guidance from Innovate UK, success is way more attainable."
Head of Data Science, Charles Clinkard
"The KTP not only provided the project management and skilled people....but the support of the University academic supervisors [made] it as current and evidence based as possible. A KTP was one of the only ways to achieve this."
VP Clinical, Oviva UK
"My KTP was challenging but very rewarding at the same time. I have received an unique opportunity to work in the industry and academia at the same time, which is very advantageous. I became a better researcher and worked with different departments at the company, which gave me a great idea of how I want to shape my career path". Find out more about Agneiska's experience in this longer profile piece here.
arbnco / University of Strathclyde
"For me, the KTP role has really been a life changing opportunity.... I hadn’t heard of KTP until I applied for my role, however after the experience I have had I recommend it to anyone - especially graduates as it’s a great bridge between university and ‘real life’. It is certainly a decision I will never regret".
Northumbria Pharma / University of Sunderland
"I am privileged to work both with gifted academics at the University of Cambridge, and bright minds at Vizzuality, a change agency for a sustainable and fair future. I am grateful for this unique opportunity to work in a job that I love and believe in."
Vizzuality/University of Cambridge
"The Management KTP initiative is fantastic for any growth-oriented SME, such as RBP, and we cannot recommend this programme highly enough."
“Through KTP, I’ve found a graduate role which offers both academic and industry experience in equal measure. My role is intensely immersive, which I put down to the considerable degree of autonomy the KTP framework affords. Our project is a win-win for its stakeholders, may lead to job creation and will reduce our Carbon footprint. That’s satisfying.” See a longer profile piece about David Beattie's KTP here.
Davidsons Feeds/James Hutton Institute
"KTP is like a beautiful interwoven fabric of academia and industry."
KTP Associate, Cosmotec Ltd and University of Salford
"KTP provides a superb pathway for knowledge transfer, enabling academic research to be applied to deliver impact to real world solutions".
Strathclyde Institute of Pharmacy and Biomedical Sciences
"The KTP has been a revolutionary programme, enabling the business to completely standardise the design process with the added luxury of achieving high accuracy at a high speed.”
IG Masonry Support Systems General Manager
"Working with OLIO and the University of Nottingham has helped me develop personally and professionally. It has helped me contribute the skills and knowledge I have gained so far, as well as develop new skills in the fast-paced domain of data science. OLIO is dedicated to addressing one of today’s greatest challenges- food waste, and I am grateful to be part of this solution."
University of Nottingham / OLIO
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