Managing Innovation

By Rishikesha T Krishnan and Vinay Dabholkar   |   Indian Institute of Management Bangalore (IIMB)
Learners enrolled: 1018
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
Course Status : Completed
Course Type : Core
Duration : 6 weeks
Start Date : 31 Jan 2021
End Date : 30 Apr 2021
Exam Date :
Enrollment Ends : 28 Feb 2021
Category :
  • Management Studies
Credit Points : 2
Level : Postgraduate

Page Visits

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


Type of exam: Computer based exam 

You will have to appear at the allotted exam centre and produce your Hall ticket and Government Photo Identification Card for verification and take the exam in person. You can find the final allotted exam centre details in the hall ticket. The questions will be on the computer and the answers will have to be entered on the computer; type of questions may include multiple choice questions, fill in the blanks, essay type (subjective) type, etc. 


Weightage: 25% weightage for weekly assignment + 75% weightage for final exam. 

Pass Marks: You will be eligible for Certificate only if you score minimum 40% in Weekly Assessment and minimum 40% in Final ExamIf you score less than 40% in either weekly assessments (average) or in final exam, you will not receive the certificate. 

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