Innovation is one of the great value-creation tools in the modern corporation, but it is also quite difficult to implement properly. In many cases, organizations invest vast amounts of time and money in innovation, and yet do not generate commensurate returns. In the Effective Innovation course, we discuss innovation strategy, the various types of innovation, how to create an environment more conducive to innovation, the management of advanced research, innovation metrics, and much more.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Recognize the different types of innovation strategies.
Specify the outcomes to focus on when engaged in strategic experiments.
Cite the advantages and disadvantages of both closed and open innovation systems.
Specify the actions to take when trying to innovate in a fluid environment.
Describe the characteristics of a successful innovator.
Recognize the techniques used to improve an incremental innovation campaign.
Specify the fundamental issues of product design.
Recognize the steps that management can take to improve an internal crowdsourcing system.
Specify the alternatives available for accessing the talent in cities, as well as the advantages and disadvantages of each one.
Recognize the situations in which a collaborative community might be useful, and its characteristics.
Specify the methods available for improving the success rate for an innovation rollout.
Recognize the negative effects of issuing too many innovations.
Identify the conceptual issues that apply to the measurement of innovation.
Identify the situations to which each of the innovation metrics discussed would be most applicable.
Major Topics
Innovation Theory
Innovation Strategy
Innovation Development
Excessive Innovation Effects
Innovation Metrics
