Content
- The Approach to Observation
Business Innovation needs deep strategic analysis (Observation) to understand the external environment at all levels (Macro, industry, micro, innovation systems), the internal situation of the company (resources, skills, potential and value) and foresight, road mapping and scenario analysis to forecast market threats and opportunities.
Together with the use of traditional strategic options to maintain and develop the company (internationalisation, acquisitions etc.), we propose developing specific solutions to solve problems, attain opportunities and challenges by developing an open environment, using design thinking methodologies and nurturing an intra/entrepreneurial spirit.
- The Approach to Execution
To successfully implement business innovation, managers and leaders need to achieve high levels of employee engagement among their workforce, foster a learning organisation where people can develop their skills with a passion for their contribution to the goals of the company. Orchestrating the different departments and functions is also fundamental to keep them aligned with corporate strategy and finally, managing innovation by constantly adjusting all the drivers that create an innovative organisation will lead to sustainable competitiveness.
Module 1-Strategic Analysis for Innovation
Understand the key concepts and techniques to shape companies' innovation strategy.
Module 2-Innovation Management
Identify the key stages, methods and critical elements of innovation processes and routines
Module 3-Leadership for innovation
Learn from history how to lead yourself and your organization going forward
Module 4-Open Innovation and Innovation Systems
The key concepts to understand open innovation and innovation systems
Module 5-Building the Innovative Organisation
The alignment of the key functional areas to facilitate innovation
Module 6-Leveraging Innovation: Intra/entrepreneurship
The role of innovation in the entrepreneurial process and in firm creation
Module7-Global Innovation Hot Spots
Learn about distinctive innovation models from around the globe – where do you see your organization next?
BUSINESS INNOVATION PROJECT - INNOVATION IN PRACTICE
- What is the objective of the Business Innovation Project?
Throughout the MBI programme, participants will develop an individual applied project relevant to each participant´s organisation or personal interest based on cutting-edge issues in the field of business innovation, with the support of experienced tutors. The development of this project is an integrative learning experience that ties together all of the various threads of the Programme and facilitates their real world application.
In general, the project is designed to be:
- Relevant for the participant and, for participants with a corporate affiliation, the organisation
- Based on cutting-edge issues in the field of business innovation in your company or start-up
- With real world application, having immediate managerial/business implications
- What are the outcomes and benefits of the Projects?
The Business Innovation Project may cover any aspect of business innovation in any business, industrial, public sector or third sector organization, anywhere in the word. Some examples of the outcomes of recent projects have included, amongst others: the design and development of a methodology and tool to manage knowledge within and outside an industrial firm; the transformation of a financial entity management model into a process based management model.
- What participants say about the Business Innovation Project?
The view from participants is that the value of the Individual Innovation Project for them and their companies is formidable because they are able to learn business innovation in practice recognizing an opportunity, problem or challenge, developing the project and creating value.
- What are some of the topics from the MBI programme applied to the project?
The MBI participants are generally interested in creating value by building innovative business and promoting effective innovation practices. Some participants will consider more external oriented projects with the focus on business innovation, while other participants will focus on more internally oriented projects with the focus on managing innovation.
Main areas of business innovation from which to select the project:
- Strategic innovation
- New product / service development
- Innovative culture/ organisational change
- Business model design
- Innovation Process Management
- Entrepreneurship, intrapreneurship
- Speed up market commercialisation
- Identify innovation opportunities in the value chain
- Knowledge management inside and outside the company
- Developing and validating innovation projects related to the organization
- What´s the Individual Development Programme?
The Masters offers the possibility to take part in individual sessions with an executive coach, to work through the participant´s skills and capabilities in order to improve their own professional development and effectiveness. In particular, the sessions can help you:
- Develop self awareness on what you are capable of achieving and where you need to make changes and improvements
- Keep you focused when facing challenges and difficulties
- Identify and maximise your business ideas and opportunities