Managing Innovation

Offered By: Indian Institute of Management Bangalore via Swayam

Course Description

Overview

Managing InnovationDo you feel innovation activity in your organization is ad-hoc? Are you looking for a systematic approach through which innovation capacity can be enhanced in your organization? This course will show you how you can build an innovation pipeline, improve idea velocity and enhance business impact through an 8-steps approach. Moreover, we will also explore ways of sustaining participation in innovation activity.What you'll learnWhat is innovation?Why innovate?Jugaad vs systematic innovation: The eight steps

Syllabus

Week 1: Introduction

Module Overview
Understanding the Concept of Innovation and its Importance
Types of Innovation
Innovation in Organization

Week 2: Lay the Foundation and Create a Challenge Book

Module Overview
Step one: Lay the Foundation
Create a Challenge Book
Let’s Discuss Step One and Two
The Innovation Activity
Conclusion

Week 3: Build Participation and Experiment with Low-cost at High -speed

Module Overview
Choosing the Right "Role Model"
Ways to Motivate Innovation Activity in Organization
Role of Catalyst in Building Participation in Innovation Process
How to Overcome Velocity Problem?
Failure Fallacy
Encouraging Experimentation
Prototyping
Conclusion

Week 4: Go Fast from Prototyping to Incubation and Iterate on The Business Model

Module Overview
Being a Champion
Iterating on Business Model
Design of a Pitch
Business Model Metaphors
Conclusion

Week 5: Build an Innovation Sandbox and Create a Margin of Safety

Module Overview
Ways to Enhance the Batting Average Problem
Sand box, Platform and Open Source Approach
Intellectual Property Protection
Risk Management
Big Bets Risks
Where Do We Stand?
Conclusion
Case Study Discussion

Taught by

Rishikesha T Krishnan and Vinay Dabholkar