Management KTP

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. 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 38 based all around the UK.

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.

• Growth-oriented SMEs, eager to build and execute their ambitious management strategy by introducing better management practices.
• Businesses seeking significant productivity gains, recognising that good management and leadership can help deliver this.
• Organisations looking to up-skill their people and make step-change improvements in productivity by deploying industry-leading practices and innovation processes.

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:

• Monitoring and target setting
• Communication and motivation
• Organisation, resource planning and strategic thinking
• Problem-solving and decision-making
• Commercial awareness and risk management
• Coaching and mentoring
• Options evaluations, horizon scanning and foresighting

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.

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.