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Last updated:

November 16, 2022

Duration:

Unlimited Duration

FREE

This course includes:

Unlimited Duration

Badge on Completion

Certificate of completion

Unlimited Duration

Description

This course discusses the basics every manager needs to organize successful technology-driven innovation in both entrepreneurial and established firms.

We start by examining innovation-based strategies as a source of competitive advantage and then examine how to build organizations that excel at identifying, building and commercializing technological innovations. Major topics include how the innovation process works; creating an organizational environment that rewards innovation and entrepreneurship; designing appropriate innovation processes (e.g. stage-gate, portfolio management); organizing to take advantage of internal and external sources of innovation; and structuring entrepreneurial and established organizations for effective innovation. The course examines how entrepreneurs can shape their firms so that they continuously build and commercialize valuable innovations. Many of the examples also focus on how established firms can become more entrepreneurial in their approach to innovation

Course Curriculum

    • Dynamics of technological innovation Unlimited
    • Industrial implications of technological innovation Unlimited
    • Competitive implications of market and technology dynamics Unlimited
    • Systematizing innovation; “What’s the Big Idea;” IDEO Unlimited
    • Scoping technology: Advanced Inhalation Research Unlimited
    • Organizing innovation teams: ‘The Bakeoff’ Unlimited
    • Incentivizing and organizing innovators: GSK Unlimited
    • Organizing innovation between firms and communities; One Laptop Per Child, innovation communities (Visitor: Mako Hill) Unlimited
    • Incentivizing and organizing external innovators: D-Wave Unlimited
    • Negotiation innovation work between firms and academia (SpudSpy & negotiation exercise) Unlimited
    • Dynamics of the market for ideas; designing the value chain Unlimited
    • Leveraging portfolio development: A123 (Visitor: Ric Fulop, Founder A123 Systems) Unlimited
    • Wrap-up Unlimited

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Massachusetts Institute of Technology
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