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Innovation Management at Rutgers Business School
 
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http://www.business.rutgers.edu/thought-leadership - Innovation entails integrating technologies and other knowledge into a whole product, a whole technology platform, a whole business, a whole company and a whole ecology of enterprises. Innovation management focuses on the linkages and synergies among people, work units, knowledge systems, alliance partners, and inter-organizational associations that are necessary to create streams of new products and services. Innovation management is about creating and managing all these links. Tear down those silos. Professor Deborah Dougherty Profile: http://www.business.rutgers.edu/faculty-research/directory/dougherty-deborah Department of Management & Global Business: http://www.business.rutgers.edu/mgb
What is INNOVATION MANAGEMENT? What does INNOVATION MANAGEMENT mean?
 
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What is INNOVATION MANAGEMENT? What does INNOVATION MANAGEMENT mean? INNOVATION MANAGEMENT meaning - INNOVATION MANAGEMENT definition - INNOVATION MANAGEMENT explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. Innovation management is the management of innovation processes. It refers both to product and organizational innovation. Innovation management includes a set of tools that allow managers and engineers to cooperate with a common understanding of processes and goals. Innovation management allows the organization to respond to external or internal opportunities, and use its creativity to introduce new ideas, processes or products. It is not relegated to R&D; it involves workers at every level in contributing creatively to a company's product development, manufacturing and marketing. By utilizing innovation management tools, management can trigger and deploy the creative capabilities of the work force for the continuous development of a company. Common tools include brainstorming, virtual prototyping, product lifecycle management, idea management, TRIZ, Phase–gate model, project management, product line planning and portfolio management. The process can be viewed as an evolutionary integration of organization, technology and market by iterating series of activities: search, select, implement and capture. Innovation processes can either be pushed or pulled through development. A pushed process is based on existing or newly invented technology, that the organization has access to, and tries to find profitable applications for. A pulled process is based on finding areas where customers needs are not met, and then find solutions to those needs. To succeed with either method, an understanding of both the market and the technical problems are needed. By creating multi-functional development teams, containing both engineers and marketers, both dimensions can be solved. Innovation management is based on some of the ideas put forth by the Austrian economist Joseph Schumpeter, working during the 1930s, who identified innovation as a significant factor in economic growth. His book “Capitalism, Socialism and Democracy” first fully developed the concept of creative destruction. Innovation management helps an organization grasp an opportunity and use it to create and introduce new ideas, processes, or products industriously. Creativity is the basis of innovation management; the end goal is a change in services or business process. Innovative ideas are the result of two consecutive steps, imitation and invention. By utilizing innovation management tools, management can trigger and deploy the creative capabilities of the work force for the continuous development of a company. Common tools include brainstorming, virtual prototyping, product lifecycle management, idea management, TRIZ, Phase–gate model, project management, product line planning and portfolio management. The process can be viewed as an evolutionary integration of organization, technology, and market, by iterating series of activities: search, select, implement and capture.
Views: 5810 The Audiopedia
John Bessant on Managing Innovation
 
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Interview with John Bessant of University of Exeter taken at the ISPIM Innovation Summit in Brisbane, December 2015
Views: 1838 ISPIM Videos
How to Manage Innovation in Your Organisation | Dr. David Cropley | Live Webinar
 
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For Free Live Webinar : http://webinar.gbntc.com To Read Blog : http://blog.gbntc.com/4-ways-of-sustaining-innovation-at-workplace/ To Download the Presentation : http://www.gbntc.com/contact-information?link_id=98 Imagine that you are responsible for an organisation whose core business depends on fossil fuels – an airline, for example. Imagine that your airline spends, let’s say, $1 billion per annum on fuel. If you could find a way to save 3-4% on your fuel costs (i.e. $30-$40 million dollars per annum) would you be interested? Or imagine that you run a global fleet of delivery trucks. What if you could make one simple change in how your trucks are routed that would save you millions of dollars each year? Lastly, imagine if you could reduce the take-off weight of your fleet of aircraft by as little as 20Kg per flight. Across an annual schedule of thousands of flights per year, this could represent a net reduction of hundreds of thousands of kilograms. Would you be interested? These are all real examples of creative ideas that have been applied in real business organisations to achieve massive increases in efficiency and decreases in operating costs. All of the ideas are themselves simple, but required the combination of an identified need, and a creative solution concept. All business problems are like diseases! They have symptoms, and they have root causes. A common mistake that we make is to identify and treat only the symptom, and not the underlying cause. This is like taking aspirin to treat a toothache. It masks the pain for a while, but doesn’t fix the problem. Innovation is about identifying the right problem – the underlying cause – and finding effective, novel and elegant solutions. In this webinar, you will learn about the importance of innovation for modern business organisations. We will discuss the role of managers and business leaders in supporting creative problem solving and business innovation. This will include how to get the best out of the individual staff, and how to create a company culture that favours innovation. We will look at tools that support organisational innovation, and how to measure your company’s capacity for innovative problem solving. [6:00:16 PM] kn.kashif Sarfraz: Why is innovation critical to business growth and survival? What individual and organisational parameters determine innovation success? What tools and processes support effective organisational innovation? How is an organisation’s capacity for innovation measured and improved
Views: 3017 GBNTC Official
Manage Innovation, not Technology
 
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Professor Joe Tidd explains why managing innovation is not just about having great technology. Visit www.innovation-portal.info
Views: 1769 innovation masters
What Is Innovation Management
 
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The term "Innovation" can have many meanings. However, most practitioners can agree on the fact that it involves change. A change of your company's products and services, capabilities, business models and even a change of strategy. Thankfully, this change can be approached systematically.
Views: 3497 HYPE Innovation
Week 7 Managing Change and Innovation
 
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Week 7 Managing Change and Innovation
Views: 5811 Venus F.
Lecture - 37 Managing Creativity and Innovation
 
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Lecture Series on Concept of Management and Evolution of Management thought by Prof. K B Akhilesh, Department of Management studies, IISc Bangalore. For more Courses visit http://nptel.iitm.ac.in
Views: 7811 nptelhrd
MANAGING CHANGE AND INNOVATION
 
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CHAPTER 6, MANAGEMENT PRINCIPLES
Managing Teams for Innovation and Success
 
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When managed well, teams have a vast capacity to drive an organization beyond its boundaries. Join faculty director Maggie Neale and past participants to experience Stanford’s Managing Teams for Innovation and Success program. MTIS approaches team building at the strategic level. Participants evaluate not only the structure and management of high-performance teams but also whether it is appropriate to use teams or individuals to most effectively accomplish a given goal. Participants also explore team dynamics from the perspectives of both team leaders and team members to build a deeper understanding of the implications of management decisions.
Webcast - Managing the Innovation Process
 
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For many, radical innovation is seen as real innovation, whereas incremental innovation is more of a 'must do' for maintaining the existing business. To a certain extent this judgment is true. However, for a healthy innovation portfolio, a balance between both types of innovation is essential. Learn more at innovation.decisionlens.com.
Views: 135 Decision Lens
7 Strategies for Overcoming Resistance to Change
 
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Originally posted: http://forwardfocusinc.com/inspire-leaders/7-strategies-for-overcoming-resistance-to-change-in-the-workplace/ Recently I discussed the challenges and attributes of high performing teams. In modern organizations with flatter hierarchical structures, these high impact teams are smaller, more agile, and themselves structured to benefit from individual specialization without regard for a ‘pecking order’. Even though these teams are designed to provide maximum flexibility in a constantly changing environment, it is likely that an organization will still experience resistance to change. Overcoming resistance to change in the workplace doesn’t have to be a constant battle. Even though change is ever present, both in the market and within organizations transition does not need to be a struggle, especially regarding those that will help the team in the long run. With a forward looking and proactive strategy, resistance to change is first reduced and then eliminated. 7 things to do to eliminate resistance to change Leadership is an organizational imperative when managing change, and leaders who inspire a cultural shift in their staff have the greatest success in managing change. In a 2013 PwC survey, nearly two thirds of staff surveyed felt that a top leader is in charge of change management and almost half felt that top leaders should be in charge of cultural change. The good news here is that the same number of people who felt that cultural change is also their responsibility. The bad news is that only 14% saw any responsibility for change management falling on their shoulders. The harsh reality is that effective change is determined by having in place a corporate culture conducive to change. It is here that inspirational leadership in flat hierarchical structures is, perhaps, at its most potent. Here are seven strategies for overcoming resistance to change in the workplace: 1. Structure the team to maximize its potential Give team members appropriate roles and responsibilities that use skills to their best advantage, while also providing the potential for personal and team development. 2. Set challenging, achievable, and engaging targets Be clear in guidance about goals and targets. Break change projects into smaller milestones, and celebrate achievements. Goals should be seen as progressive and in line with values and beliefs. 3. Resolve conflicts quickly and effectively Utilize the seven methods of care-fronting to regulate and control communicative breakdowns. Encourage openness and honesty and engender an environment of mutual trust and respect. 4. Show passion Communicate passionately and be an example of belief in the future vision. When other people see leaders’ behaviors emulating those required by change, they more quickly come into line with the new behaviors and become change advocates themselves. 5. Be persuasive Engage employees in change by being an energized leader. Focus on opportunities and persuade rather than assert authority. Share experiences as you persuade change through stories that focus on positive change. 6. Empower innovation and creativity Give opportunities for feedback and remain flexible as you alter course toward your change goals. Encourage people to be creative, discover solutions to unfolding problems, and to become part of the change process. The process is difficult for everyone involved, and your team will be more invested with solutions they have created themselves, rather than those dictated to them. 7. Remain positive and supportive People find change unsettling, even though change is a constant in personal lives as well as professional environments. They will need the support of a positive leader who inspires free thought, honest communication, and creativity as personal and team development is encouraged. Employees expect leaders to manage change. Inspirational leaders create a culture where change becomes the responsibility of all. Contact Forward Focus today to discuss our Management Development Series, including our Energy Leadership Program that helps develop high performing managers into inspirational leaders.
Views: 83783 Forward Focus
developing an innovation process
 
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Professor Joe Tidd discusses the advantages of adopting an innovation process. www,innovation-portal.info
Views: 20343 innovation masters
Strategic Issues in Managing Technology and Innovation
 
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Subject:Management Paper: Strategic Management
Views: 183 Vidya-mitra
Managing the risk of innovation: How companies take the leap
 
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Innovation Forum 2014 March 27th / Berkeley, California Failure to embrace disruptive ideas with the power to transform a company threatens the long-term survival and growth of many corporations. So organizations need to have a culture that rewards disruptive innovations plus an effective strategy to manage and mitigate the real risks that accompany the development of breakthrough products. This session explored the requisite policies and practices that extend from the C-suite and R&D labs through the sales force and front-line employees. Stephen Hoover Chief executive, PARC Wendy Mayer Vice-president of worldwide innovation, Pfizer Padmasree Warrior Chief technology & strategy officer, Cisco Systems David Tennenhouse Corporate vice president, technology policy, Microsoft Corporation
Views: 1708 WithTheEconomist
Managing Innovation from Idea to Market Introduction
 
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Concept of Integral development of Business, Product and Market using the Stage Gate approach.
Views: 196 André Haverkort
Managing Risk in Innovation Projects (webinar)
 
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This one-hour webinar was recorded in October 2012 for the PMI IT & Telecoms Community of Practice (PMI IT&T CoP). In this webinar, Dr David Hillson, The Risk Doctor, shows how risk management can support innovation projects by focusing on both upside opportunities as well as downside threats. He introduces the Innovation Ecocyle as a framework to address both exploration and learning, and presents practical approaches showing how the risk process allows us to find innovation opportunities, pick the real winners, and make them happen.
Views: 2147 RiskDoctorVideo
Managing the innovation in Medical devices
 
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Recorded with https://screencast-o-matic.com
John Bessant on Managing Innovation
 
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One question for John Bessant, author of a range of books on Managing Innovation.
Views: 376 Jan Spruijt
MANAGING CHANGE AND INNOVATION
 
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Views: 29 Kudeen Faizul
Managing Innovation Portfolios
 
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Managing innovation without suffocating creativity; enabling optimal resource allocation; ensuring pipeline and product portfolio sustainability
Views: 327 Richard Bayney
Managing Innovation
 
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Interview with Miles Cheetham of JAM ICT after presentation on Inspiring and managing innovation in business hosted by the Thames Valley Innovation & Growth Team.
Views: 169 innovationgrowthTV
Lecture - 38 Creativity and Managing Innovation Process -II
 
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Lecture Series on Concept of Management and Evolution of Management thought by Prof. K B Akhilesh, Department of Management studies, IISc Bangalore. For more Courses visit http://nptel.iitm.ac.in
Views: 6519 nptelhrd
Managing uncertainty -- growth strategy, risk management and innovation. Innovation Strategy Speaker
 
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http://www.globalchange.com When world changes -- how long does it take to develop new business growth strategy? Scenario planning and innovation vital to business success, contingencies, risk management, disruption of business, disaster planning, terrorist attacks. Global trends. September 11 and impact on aviation industry / British Airways business models. Rapid response to changes, currency crisis, political crisis. Multiple plans, dynamic leadership, flat leadership structures. Banks and insurance industry planning. Innovative thinking. Keeping business options open. Innovation in Google, experiments. Oil industry risk, fixed infrastructure investment. Strategy, leadership, management, risk, change, trends, scenarios, planning, business, leaders, managers, Patrick, Dixon. Impact on manufacturing, product development, design and innovation. Factory production, distribution, wholesale, retail, logistics and supply chain management. Aviation, airlines, transport and travel, social media, government regulation and global economy risk. Downturn, recession, currency risk and exposure, business disruption, real estate prices, commodity prices. Health strategy, competitor analysis and customer behavior, consumer trends, marketing, management and motivation. Phone companies, IT security risks, hacking. Oil and energy prices.
Managing Technology & Innovation: How to deal with disruptive change | RWTHx on edX
 
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Learn how to lead an organization to success by anticipating and leveraging disruptive change brought about by technology and market trends. Take this program free on edX: https://edx.org/micromasters/managing-technology-innovation-how-deal ABOUT THIS PROGRAM Success or failure? The future of your organization today depends on how well it can adapt to and leverage disruptive technologies and business models. This MicroMasters program enables you to do just that – to deal with disruptive change in the marketplace and take advantage of the shifting landscape to benefit your organization. By combining elements from innovation, entrepreneurship, and strategy research, this program will show you how to use a standard toolkit to judge and assess real life cases and learn using a practice-oriented approach. You will be guided through the innovation process from ideation to implementation, will explore the typical creation process of a new venture and will learn more about the differences between entrepreneurial and managerial thought patterns. As a final part of the program, you’ll learn strategic management concepts – so your organization can be ahead of the curve and not be victim to disruption. This MicroMasters program concludes with a capstone project, in which you will be asked to combine the learnings from the six modules and apply these to a real-life case.
Views: 985 edX
Webinar on Managing Innovation | A process view | Pavan Soni | HackerEarth Webinars
 
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About this webinar: Innovation is often thought of as a black box, where it either happens or it doesn't, and that it calls for more of an art and luck than science and grit. However, research and well-documented practices have shown that the process of innovation is as regimented as most in the corporate world, and can be honed and practiced. Towards the end of the session, the participants would get an appreciation of the innovation process, and some of the good practices adopted by leading innovative organizations. Agenda: Innovation management overview Process of managing creativity and innovation Best practices of leading innovative organizations Q&A About the Speaker: Dr. Pavan Soni is the founder of Inflexion Point, a strategy, and innovation consulting setup. Pavan has consulted with leading organizations on innovation and creativity. Pavan was the only Indian to be shortlisted for the prestigious FT & McKinsey Bracken Bower Award for the Best Business Book of the Year 2016. He has also been invited thrice to speak at the TEDx. For his work on innovation, Pavan bagged the prestigious ‘On the Job Achiever’ Award at Lakshya in 2007 and was conferred with the ‘Innovation Excellence Award’ at the 5th Indira Innovation Summit in 2012. About us: HackerEarth is building the largest hub of programmers to help them practice and improve their programming skills. At HackerEarth, programmers: 1. Solve problems on Algorithms, DS, ML etc(https://goo.gl/6G4NjT). 2. Participate in coding contests(https://goo.gl/plOmbn) 3. Participate in hackathons(https://goo.gl/btD3D2) Subscribe Our Channel For More Updates : https://goo.gl/suzeTB For More Updates, Please follow us on : Facebook : https://goo.gl/40iEqB Twitter : https://goo.gl/LcTAsM LinkedIn : https://goo.gl/iQCgJh Blog : https://goo.gl/9yOzvG
Views: 341 HackerEarth
Managing Innovation
 
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Managing Innovation
Views: 1019 David O'Sullivan
Building and Managing an Innovation Culture in an Era of Change and Technology
 
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Outthinker is partnering with rising leader and senior executive in People & Culture, Ellie Gates to discuss and answer questions about “Building and Managing an Innovation Culture in an Era of Change and Technology”. This webinar will address a series of top of mind questions for those looking to keep up with the rapid pace of technological change and reconstruct management practices to promote agility and appeal to the new millennial workforce. Some of the questions to be answered include… Why should companies stop focusing on retention? How to build agile diverse teams? How to create a culture that sees failure as the price of learning? How do leaders and managers need to change? What is the new leadership mindset? How does one begin reconstructing roles?
Managing Change and Innovation (Lecture 11) | P.O.M
 
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Managing Change and Innovation (Lecture 11) | P.O.M Subscribe this channel to get more knowledge,Lectures,Presentations etc. Youtube: http://www.youtube.com/c/GetKnowledge?sub_confirmation=1 Facebook: https://www.facebook.com/g8knowledge Twitter: https://www.twitter.com/g8knowledge Instragram: https://www.instagram.com/knowledgeget Course Description: Have a broad understanding of contemporary management practices and theories. Understand the management functions. Develop technical and conceptual skills. Possess an idea into the development of human and decision-making skills. Course Objective: This course aims at providing basic understanding of general principles of Management applicable to various situations at different levels of organizations. Through lectures, assignments and case studies the students will be expected to develop an overall view of Management processes and acquire a synthesizing framework, which will help in systematic analysis of day-to-day management situations. The course is intended to prepare the students for different functional areas of management as well as to equip them with a broad perspective for reintegration of those functional areas in other courses. Course Contents: 1. Introduction to Management and organizations 2. Evolution of management as a science 3.Management skills and managerial roles 4.Organizational culture and the external environments 5.Social responsibility and ethics 6.Decision Making 7.Basic planning techniques and the Hierarchy of Plans 8.Organizational structure and design/classification of organizations 9.Human Resource management 10.Change and innovation 11.Motivation: Classical and Contemporary Theories 12.Leadership: Models and Theories 13.Controlling etc...
Views: 1098 Get Knowledge
David Midgley: The 5 Tasks of Managing Innovation
 
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David Midgley, Professor of Marketing at INSEAD and author of The Innovation Manual, outlines the five tasks an organisation needs to implement for successful innovation to occur. Professor Midgley was a speaker at the Cambiio/CEDEP Innovation-in-Action Conference in April 2010. Produced by the BlueOceanVideo.com.
Views: 1457 cambiiovideos
Managing innovation, not just about technology
 
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Joe Tidd discusses the differences between managing innovation, and simply applying technology.
Views: 710 innovation masters
Managing Change and Innovation in Schools
 
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Managing Change and Innovation in Schools
Views: Zulama
2016-08 Best Practices for Managing a Digital Innovation Portfolio
 
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Nils Fonstad, SM ‘96, PhD ‘03, Research Scientist, MIT Sloan Center for Information Systems Research (@NilsFonstad) Sean Belka, SVP & Director of Fidelity Center for Applied Technology, Fidelity Investments (#SeanBelka) Michael Nilles, Chief Digital Officer, Schindler Group & CEO Schindler Digital Business, Schindler Group (@MichaelNilles) Christopher Paquette, Partner, McKinsey & Company (@paquettecm) Derek Roos, Co-Founder & CEO, Mendix (@MendixCEO) Many global companies are feeling growing pressure to rapidly respond to local business demands. MIT research has found that IT units are supporting these demands competitively in two fundamentally different ways: (1) reusing technology and business components, and (2) engaging in off-platform experiments. In addition, to practice both types of innovation simultaneously, they are engaged in new collaborations with internal and external stakeholder groups to create a simple and relevant set of reusable components; foster their reuse; and engage in and learn from experiments. This panel discussion with leading CIOs will explore best practices for managing a portfolio of innovations.
Managing an Innovation Pipeline as a Team of One, Wolters Kluwer
 
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Keeping an innovation pipeline full of ideas, even really good ideas, isn’t as much of a challenge as what to do with those ideas once you have them. When ideas are plentiful and resources to develop those ideas are scarce, you have to get creative in your approach to set-up yourself/team/organization for success.
Views: 5 IdeaScale
Knowledge Management - In 5 minutes or less
 
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A brief look at why knowledge management is useful and what it's role is in the organization. For everything KM, visit the KMT website at: http://www.knowledge-management-tools.net/
Views: 46099 KnowledgeMT
Managing Innovation - MOOC Preview Trailer - iversity org
 
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Check out our new online course "Managing Innovation" at iversity.org! https://iversity.org/en/courses/managing-innovation Managing Innovation by LUISS Guido Carli University Innovation refers to the creation of novelty out of the old. Innovation requires new lenses, new eyes to "rethink the box" to deal with the ever-changing environment for organizations to remain in business successfully. The aim of this course is to provide students with theoretical and applied knowledge on the economics and management of innovation. Combining real cases, interviews with international experts, and traditional lectures, the course addresses the economic, strategic, organizational, and operational dimensions of innovation. The course also examines the challenge to building and maintaining an innovative organization, and how individuals can successfully innovate in organizations. Innovation affects private and social lives; it challenges the status quo... innovation involves the creation of novelty of the old and therefore requires new lenses, new eyes to 'rethink the box' and not as the adage goes: think outside the box.
Views: 1011 iversityclips

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