Innovation Management
Innovation Management is the system by which organizations can foster a culture that supports the methodical management of human capital, information, and knowledge to transform new ideas into successful products, processes and services. The pillars of innovation include the collective knowledge, experience and other attributes of organizations and their work force that allow them to convert ideas into viable processes, products, and services that bring economic value and increase their economic competitiveness in the knowledge economy.
Topics covered
- Models of Innovation
- Social and Economic Dimensions of Innovation
- Traditional vs. Emerging Business Models
- Product vs. Process Innovation – Disruptive Innovations
- The drivers of process Innovation
- Structure & Systems – what makes an organization Innovative
- People and Leadership
- Change Management
- Service Innovation (closed and Open)
- Stages of Product Development
Learning Objectives
1. Understand what Innovation Management is and how it relates to business strategy.
2. Understand how innovation drives economic competitiveness.
3. Understand how macroeconomic indicators play a role in shaping policy.
4. Gain familiarity with the role of organizational structures and strategies in innovation.
5. Understand the enablers and inhibitors of bringing out innovation and creativity of people.
6. Learn the fundamentals of change managements and its relevance to innovation.
7. Learn the fundamentals of intellectual property and its management.
8. Have a high-level overview of innovation in product development and in operations
management.
