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Managing Innovation

By Rishikesha T Krishnan and Vinay Dabholkar   |   Indian Institute of Management Bangalore (IIMB)
Learners enrolled: 3928
Managing Innovation

Do 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 learn
What is innovation?
Why innovate?
Jugaad vs systematic innovation: The eight steps
Summary
Course Status : Completed
Course Type : Core
Duration : 6 weeks
Category :
  • Management Studies
Credit Points : 2
Level : Postgraduate
Start Date : 31 Jan 2023
End Date : 30 Apr 2023
Enrollment Ends : 15 Mar 2023
Exam Date :

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Course layout

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

Instructor bio


Professor Krishnan’s main areas of interest are strategy and innovation. He held the Jamuna Raghavan Chair in Entrepreneurship at IIMB from 2007-10. Professor Krishnan writes extensively, and has more than 140 publications spanning outlets that include refereed journals, the popular press, case studies, book chapters, and books. These include two books on innovation: From Jugaad to Systematic Innovation: The Challenge for India, published in February 2010, and 8 Steps to Innovation: Going from Jugaad to Excellence(co-authored with Vinay Dabholkar, and published by HarperCollins in March 2013). The latter won the Best Book Award 2013-14 from the Indian Society for Training and Development.


Professor Vinay works as a catalyst in three areas: design thinking, culture of innovation and mindfulness. He is a co-author of the book “8 steps to innovation: from jugaad to excellence”. He has been a visiting faculty at IIM Bangalore and IIT Bombay. Over the past decade, he has helped several organizations in their innovation journey e.g. Airbus, Adobe, Oracle, Mindtree, Tech Mahindra, Wells Fargo etc. He also works with not-for-profit and government organizations in education and healthcare space. Prior to starting the consulting career, Vinay worked for a decade in Motorola in US and Sasken in Bangalore. He did his B. Tech. from IIT Bombay and PhD from SUNY Buffalo both in Computer Science.

Course certificate

Grading Policy:

There will be (a) one Mid-term Internal Assessment and (b) one Final Exam.


Weightage:

·       Mid-term Internal Assessment: This will carry 25% weightage. This mid term will have questions from first three weeks.

·       Final Exam: This will carry 75% weightage.  This final exam will have questions from all the weeks.

Passing Marks:

·       You will be eligible for a certificate only if you score minimum 40% in Mid-term Internal Assessment and minimum 40% in Final Exam. 

Badge on Certificate:

·       If you score 90% or more overall, your certificate will include "badge (gold)" printed.


Final Examination:

·       Type of exam: Computer based exam 

·       Exam Center: You will have to appear at the allotted exam centre and take the exam in person. (You can find the final allotted exam centre details in the admit card (hall ticket)).

·       Admit Card: You can download the Admit card (Hall ticket) around one week before the exam. 

·       QP Pattern: The type of questions may include multiple choice questions, fill in the blanks, essay type (subjective) type, etc. But generally MCQs are commonly provided.



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