Establishing and Managing Corporate Innovation – Lessons From the Israeli Experience
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Several centres in India, particularly Bangalore, have emerged as global Research and Development (R&D) hubs for multinational companies. Indian firms have also ramped up spending on R&D and innovation. There is a clear need to improve the business success of these R&D and innovation initiatives to instill an innovation culture in these organizations, and build capabilities in the innovation ecosystem to translate the vast potential for innovation into successful products or services that address read problems even as they provide corporations returns on their investments.
How is it that some companies are able to innovate continuously? A simple answer to this is by being entrepreneurial. The role of intrapreneurship or the capacity to be entrepreneurial within the company is to transform ideas into actual products and services that add value and ultimately award the organization a sustainable competitive edge. Much of competitive edge that many organizations have is due to access to high technology that was once part of a laboratory. However, taking Intellectual Property that is available in laboratories to usable technology requires scientists, technologists and managers to thinking entrepreneurially.
The objective of this course is to impart the best practices to equip participants with tools and techniques that can be leveraged in order to make their teams, laboratories or organizations more innovative. There will be significant learnings from the innovation and start-up experiences in Israel. The three program directors bring varied experience in the area of innovation and entrepreneurship. They collaborate to manage a course helping Indian companies build technology partnerships with Israeli companies, which provides them insights into the relevance of the innovation experience in Israel to the context of India. This course embodies the learnings derived from over four years of collaboration and insights from the earlier two cycles in which the course was offered.
- Innovation Core Concepts: Innovation Myths and Realities in the Individual space
- Corporate innovation: managing and organizing for institutional innovation
- Creating Value through Digital Innovation: Framework for Connecting Digital Assets and Strategic Innovation
- The venture Eco-system: The Economics of Innovation and Entrepreneurship
- Lean Methodology: Hypothesis driven learning
- Adapting: Learning from failures
- The Global Brain: Innovating through global networks
Who should attend
- Middle to senior level managers who would like to nurture an innovative culture in their organizations
- Scientists and Chief Technology Officers who would like to transform their Intellectual Property into entrepreneurial ventures