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Manage Innovation

Key Concepts

Key Learning Outcomes

Key Learning Outcomes
Through faculty presentations, classroom discussions, and 
small-group activities,you will examine new frameworks and 
business models for developing breakthrough products and 
services. You’ll also begin to create a more customized and 
focused innovation strategy.

Through faculty presentations, classroom discussions, and
small-group activities,you will examine new frameworks and
business models for developing breakthrough products and
services. You’ll also begin to create a more customized and
focused innovation strategy.

Applying

Design thinking methodologies to drive innovation and foster creative problem-solving approaches. Through hands-on workshops and real-world case studies, participants will learn how to empathize with users, define problem statements, ideate solutions, and iterate through rapid prototyping cycles. By mastering the principles of design thinking, participants will be better prepared to lead cross-functional teams, drive user-centered innovation, and deliver impactful solutions that address complex challenges in today's dynamic business landscape.

Considering

Overall positioning in the context of existing product lines to ensure strategic alignment and differentiation. Participants will analyze market segmentation, competitive analysis, and brand positioning strategies to identify opportunities for innovation within existing product portfolios. By aligning overall positioning with business objectives and customer needs, participants will be better equipped to drive innovation that delivers value and competitive advantage.

Exploring

How disruptive business models affect strategy and execution in today's fast-paced business environment. Participants will analyze case studies of disruptive business models, such as platform-based ecosystems, subscription services, and sharing economy platforms, to understand their implications for strategy and execution. By embracing innovation and agility, participants will be better equipped to navigate disruption, seize opportunities, and drive sustainable growth.

Employing

Best practices in prototyping and experimentation to accelerate innovation cycles and validate concepts effectively. Participants will explore various prototyping techniques, such as paper prototyping, wireframing, and rapid prototyping, to quickly iterate and refine product concepts. Through hands-on exercises and collaborative experiments, participants will gain practical experience in designing experiments, analyzing results, and extracting actionable insights.

Keeping

Up with rapid changes in the digital marketplace to stay competitive and capitalize on emerging opportunities. Participants will explore strategies for staying agile, adapting business models, and seizing opportunities in an ever-evolving marketplace. By staying informed and proactive, participants will be better positioned to lead innovation initiatives and drive sustainable growth in the digital age.

Ensuring

That innovation continues in times of shrinking budgets and resources by fostering a culture of frugal innovation. Participants will explore techniques for maximizing value, minimizing waste, and prioritizing projects based on strategic objectives and customer needs. By fostering a culture of frugal innovation, participants will be better equipped to overcome resource limitations, drive cost-effective solutions, and sustain innovation momentum in challenging times.

Assessing

The drivers of new product or service adoption, promoting adoption, and predicting demand and rates of diffusion. Participants will explore frameworks for analyzing market trends, conducting customer surveys, and gathering feedback to assess product-market fit. By understanding the drivers of adoption and diffusion, participants will be better equipped to develop targeted marketing campaigns.

Leveraging

The crowd as an innovation partner to harness collective intelligence, creativity, and expertise. Participants will explore crowdsourcing platforms, open innovation initiatives, and collaborative problem-solving methods to tap into diverse networks and generate novel ideas. By leveraging collective intelligence and expertise, participants will expand their innovation ecosystem, accelerate idea generation, and drive meaningful impact across industries and sectors.

Building

Project teams that can learn and adapt to new information to drive innovation effectively. Focuses on building dynamic, cross-functional teams capable of

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