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Sloan School of Management

Corporate Innovation: Strategies for Leveraging Ecosystem

Innovation Ecosystems: Leveraging their Power for Organizational Success and Strategic Change
Aug 28—Oct 15
Online
USD 2800
Oct 30—Dec 17
Online
USD 2800

How it works

Description

In today’s dynamic and ever-changing economic climate, innovation is less of a choice and more of a business imperative. Similar to entrepreneurship, innovation requires a context of engagement and interconnection between people, stakeholders, and ecosystems in order to flourish — in other words, an innovation ecosystem. This executive program explores MIT’s research on the science of innovation ecosystems, offering you the tools and frameworks necessary to foster a culture of innovation and entrepreneurship in your organization.

Innovation is imperative in the fast-paced landscape of contemporary business. Forward-thinking managers know that a strategy for innovation must become an integral part of an organization’s primary operation. Based on our Innovation Ecosystems: A New Approach to Accelerating Corporate Innovation and Entrepreneurship course, this online executive program offers a unique framework (iEcosystem) designed by MIT faculty to help organizations align internal and external processes, leverage key stakeholders, and innovate successfully to overcome business challenges. The online program offers those who would previously be limited in accessing the on-campus course the opportunity to engage with a portion of content in a flexible and personalized way. Over the course of six weeks, you’ll gain access to this framework along with a range of cutting-edge concepts and tools, empowering you to foster a culture of sustainable innovation in your organization.

Takeaway

Earn a certificate of completion from The MIT Sloan School of Management in this online program and be empowered to:

  • Assess your organization’s capacity for innovation and entrepreneurship
  • Learn how to leverage your organization’s ecosystem to optimize innovation
  • Become familiar with different methods for facilitating meaningful ecosystem engagement, and identify relevant methods for your organization
  • Design a tailor-made strategy for your organization to facilitate innovation

Modules

Learn how to leverage internal processes and liaise with external stakeholders to maximize opportunities for innovation as you follow your learning path through the weekly modules of this online program:

  • Orientation module: Welcome to your Online Campus
  • Module 1: Innovation and its Challenges
  • Module 2: Innovation in Ecosystems, with Stakeholders
  • Module 3: Innovation-driven Entrepreneurship and Experimental Innovation Loops
  • Module 4: Corporate Stakeholders in Innovation Ecosystems
  • Module 5: Innovation Practices as Tools of Engagement: Hackathons, Accelerators, and Prize Competitions
  • Module 6: Leading Innovation in an Ecosystem

Who should attend

This program is designed for decision makers from any industry who want to improve their organization’s capacity to formulate and implement innovative strategies, as well as for entrepreneurs and startup business leaders launching new offerings. Whether you’re in senior management, consulting, business strategy, marketing and sales, or are simply a professional with innovative ideas and seeking tools and frameworks to capture and deliver on those ideas, this MIT Sloan program will be beneficial to you.

Experts

Phil Budden is a Senior Lecturer at MIT Sloan, affiliated with the Martin Trust Center for MIT Entrepreneurship and the TIES Group. He co-teaches a course on entrepreneurial ecosystems known as the 'Regional Entrepreneurship Acceleration Lab' (REAL) with Fiona Murray. REAL combines academic and r...
Fiona Murray is the Associate Dean of Innovation at the MIT Sloan School of Management, William Porter (1967) Professor of Entrepreneurship, and an associate of the National Bureau of Economic Research. She is also the CoDirector of MIT’s Innovation Initiative.   She serves on the British Prime ...

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