About The Future Leaders Catalyst Program:
Peak retail industry body the Australian Retailers Association’s (ARA) had collaborated with the Australian Chamber of Commerce and Industry (ACCI) to support the future leaders of SME retailers to drive productivity levels.
The ACCI Future Leaders Catalyst Program was set to launch in February 2014, and was heavily subsidised through a Federal Government Productivity Education and Training Grant to ensure that the program is accessible to as many retailers as possible. The value of the program was $2500 per participant, however with the support and subsidy this was made accessible with a reduced enrolment of $400 per participant.
This initiative had a clear objective to make strong productivity increases accessible to the retail sector through engaging the mid level leadership channels and skilling them to adopt the role of a productivity catalyst, understanding, embracing and controlling productivity drivers. The program offered face to face workshops and a dedicated online platform of tools, education and communication, ideal for businesses located in regional locations.
HOW THE PROGRAM IS STRUCTURED:
The Future Leaders Catalyst Program was built around three pillars of support
PEOPLE – participants benefit from face to face or online innovation workshops delivered a four day intensive [1 day per month]
BUSINESS TOOLS – participants accessed a practical and effective Business Innovation Kit that supports them to drive change and apply the concepts directly to their business.
NETWORKING TOOLS – participants accelerated their learning by collaborating with other like minded leaders to identify opportunity for their business and industry
The program allowed participants to benefit from the expertise of leading industry educators and mentors who were equipped to support all profiles of retail businesses. These mentors and educators would challenge participants thoughts and inspired their innovation strategy.
To benefit from the Future Leaders Catalyst Program there was a commitment of time to engage in workshops, make change and utilize the Business Innovation Kit. The financial contribution was $400 of the total $2500 value of the program. The significant Federal support funded the gap in making this an accessible and highly valuable program.
The program had been funded to support SME’s leaders in the retail sector with the following characteristics:
- Authority to make decisions and develop and implement business strategy
- Demonstrated experience in leading through change
- Minimum business turnover of $750,000
- Access to accurate and current business and financial data
- Capacity to commit time to implement change
- Access to a current business plan as the basis for change
Further information on the ACCI – Productivity Leadership Program can be found at productivityleadership.org.au