Fall - Winter
Evidence shows that generating and sustaining innovation is among the most daunting challenges business leaders face. You will explore concepts for generating breakthrough innovation and tools for making innovation real. Dive into the dynamics of innovation and learn how leading teams hold the key to succeeding at innovation, and what we can learn from the innovation process, with examples of different organizational designs that stimulate innovation. Explore the characteristics that distinguish successful leaders, including ambidexterity, i.e. the ability to exploit existing knowledge and explore new knowledge, tolerance to ambiguity, and above all persistence.
Disruptive Business Models
Increasingly, business model innovation is the most critical form of sustainable competitive advantage. Yet all too often, companies attempt to compete and bring new products and services to market with outdated business models, a certain recipe for failure. Learn how to effectively manage creativity in the process of generating high-potential ideas and converting them into disruptive new business models. The focus is on drawing and synthesizing concepts, practices, and techniques from the functional areas of entrepreneurship, strategy, sales and marketing, and business process design, and implementing them.
Explore how digital technology impacts existing business practice in disruptive ways, threatening and invalidating existing business models. At the same time, digital technologies offer new opportunities for the creation of innovative business models for entrepreneurs to compete in a wide range of industries. How can a company protect its business from the negative effects of digital disruption and take advantage of the opportunities brought in by the development of digital platforms with network effects, artificial intelligence and machine learning, robotics and intelligent autonomy, tying into the emerging Internet of Things and the Fourth Industrial Revolution? You will focus on finding the answer to this question and will also address broad industry change brought about by digital platforms in such industries as music, mobile communication, and advertising.
Explore innovations resulting from co-creations of partners in knowledge networks and the relationships and technologies that facilitate these networks. You will address a variety of open collaborations, including university partnerships, innovation contests, and research consortiums. Examples will be drawn from a variety of industry sectors, including financial services, power generation, and medicine.
Managing Emerging Technologies
Learn about how the global economy looks to innovation hubs to help industries drive growth through technology innovation. Technology industries often have distinctive features which challenge conventional wisdom regarding economic, market, and organizational dynamics. Success in commercializing new technologies often requires these interrelated mindset shifts: from diminishing returns to increasing returns logics, from market environments which seek consistency to those which promote constant disruption, from tactics to achieve market share to winner-takes-all tactics, and from understanding consumer purchase behavior to understanding the dynamics of diffusion.
A new business does not have the financing opportunities of an established business. You will learn about effective financial and business techniques necessary for a successful business startup. You will gain the essential tools and know-how you need to build a sturdy financial foundation for a profitable business. A practical road map is developed to guide you in crafting a meaningful business plan, fundraising, business execution needed to bring the business to the next level, and developing an exit strategy. You’ll also discover methods for how entrepreneurs can keep financial control of their enterprise and insightful tips for avoiding the multitude of financial barriers that may block their entrepreneurial dream.