Corporate Innovation
A self-paced online course that provides an overview of the corporate innovation management concepts, models, tools, and frameworks preparing learners to engage with innovation pursuits within their organisations and succeed.
Executives across industries and sectors consistently name innovation among their highest priorities as well as their greatest worries. Research suggests that 70% to 90% of innovations fail. Despite new organisation structures and methodologies, internal incubators and innovation labs, big data, and even artificial intelligence, there is no evidence those numbers are improving.
There are many reasons why corporate innovation projects fail:
- Misalignment of the innovation focus and the business
- Lack of innovation culture in the company
- No one is tracking success indicators
- Weak leadership at the head of corporate innovation
- Choosing the wrong problems to solve
- Too much push instead of pull innovation
- No uniform way of working
- Fuzziness of innovation
- Fear of innovation failure resulting in paralysis
This self-paced online course provides an overview of the corporate innovation concepts (definition, scope, typology), models, innovation culture, management techniques, tools and frameworks and prepares learners to engage with the innovation processes within their organisations and to develop a balanced portfolio of innovation projects. It also covers new product development processes that organisations employ to manage their innovation process and differentiates between tools for growth innovation projects addressing horizon-one, horizon-two and horizon-three. It discusses the "golden ratio" of resource allocation across the three horizons for ultimate results and stresses the need for companies to develop a balanced innovation portfolio.
Through the use of quizzes and case studies it allows learners to quickly embed knowledge and to be ready to apply it with confidence in their work environment.
Course Features
Purpose
- This course provides knowledge and understanding of the broad subject of corporate innovation and innovation management, its importance for any organisation, and for building sustainable knowledge economies.
- It describes several corporate innovation concepts and frameworks (open and closed) and explains how they can be used in any work environment.
- Organisations can use this course to develop a common understanding among staff of innovation concepts and product development tools and techniques.
Learning Outcomes
- Learn what innovation is, its scope and its various types, and how to nurture and support innovation projects in an organisation.
- Understand how to set criteria for the assessment of different ideas and develop a balanced pipeline of projects that can lead to enhanced new or existing products or services and how to move projects from idea to implementation.
- Practice the use of new product development tools and processes.
- Learn how to be part of and contribute towards building and sustaining an innovation culture within any organisation.
Who is it for?
- Professionals in private, public and government organisations across sectors and majors that would like to familiarise themselves with the concepts, frameworks and tools of innovation management.
- The course is also suitable for Higher Education students with an interest in innovation, innovation management and entrepreneurship.
Mode + Duration
- This is a self-paced, online course and includes slides, quizzes and cases studies that enable learners to create awareness and quickly embed knowledge and understanding through applications of the tools and frameworks.
- 12 hours of self-paced material including slides, quizzes, case studies and videos.
- This course can also be delivered live via webinars or even face to face for groups of 5 or more. Please contact us to discuss your specific requirements.
To find out more about the course, please contact us
