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Strategic Innovation: Managing Innovation Initiatives

Approx. 21 hours to complete

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Course Summary

This course is designed to teach students the art of strategic innovation, with a focus on innovation at the frontier. Students will learn how to identify opportunities for innovation and develop effective strategies to bring new products and services to market.

Key Learning Points

Learn how to identify opportunities for innovation
Develop effective strategies for bringing new products and services to market
Learn how to navigate the challenges of innovation at the frontier

Job Positions & Salaries of people who have taken this course might have

- USA: $95,000
- India: ₹1,200,000
- Spain: €50,000
- USA: $95,000
- India: ₹1,200,000
- Spain: €50,000
- USA: $105,000
- India: ₹1,500,000
- Spain: €60,000
- USA: $95,000
- India: ₹1,200,000
- Spain: €50,000
- USA: $105,000
- India: ₹1,500,000
- Spain: €60,000
- USA: $75,000
- India: ₹1,000,000
- Spain: €40,000

Learning Outcomes

Identify opportunities for innovation
Develop and implement effective innovation strategies
Navigate the challenges of innovation at the frontier

Prerequisites or good to have knowledge before taking this course

Basic understanding of business concepts
Willingness to learn and think outside the box

Course Difficulty Level

Intermediate

Course Format

Online
Self-paced

Similar Courses

Innovation and Creativity Management
Design Thinking for Innovation

Related Education Paths

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Description

You may have noticed that what is new often behaves differently than what has become accepted over time whether it is in a market, technology, or with people and firms. This course helps you develop a perspective on managing innovation. That is, you will build your capability to lead and design your organization in effectively implementing innovation initiatives and achieving their strategic intent.

To do this, you will learn a set of frameworks, tools, and concepts that can help you address several important challenges in managing innovation. The first challenge is in regards to how to successfully implement innovation efforts within established firms and alongside established businesses. You then investigate the particulars of managing innovation when disruptive technologies are involved. Other topics include leadership of new product development teams, planning and evaluation of innovation initiatives, and management of innovation across organizational boundaries, as happens with alliances or virtual firms. You will be able to: - Analyze innovations and their impact on organizations - Articulate a research-informed perspective on innovation - Utilize frameworks, tools, and concepts to address challenges that arise in innovation This course is part of Gies College of Business’ suite of online programs, including the iMBA and iMSM. Learn more about admission into these programs and explore how your Coursera work can be leveraged if accepted into a degree program at https://degrees.giesbusiness.illinois.edu/idegrees/.

Outline

Course Orientation
Welcome to Strategic Innovation: Managing Innovation Initiatives
Meet Professor Geoff Love
Learn on Your Terms
Syllabus
ePub
About the Discussion Forums
Glossary
Description of Organizations and Brands
Learn More About Flexible Learning Path
Updating Your Profile
Orientation Quiz

MODULE 1: Managing Innovation
Module 1 Introduction: Managing Innovation
Challenges in the Evolution of New Technologies and Markets
How Organizations Succeed and Fail as Markets Grow and Change
Ambidextrous Organizations
Leading Ambidextrous Organizations Part 1
Leading Ambidextrous Organizations Part 2
Module 1 Overview
Module 1 Readings
Lesson 1-1: Practice Quiz
Lesson 1-2 Practice Quiz
Lesson 1-3: Practice Quiz
Lesson 1-4 Practice Quiz
Module 1 Quiz

MODULE 2: Understanding & Responding to Different Types of Innovations
Disruptive Technologies
Responding to Disruptive Technologies
Effective Management of Innovation Streams Part One
Effective Management of Innovation Streams Part Two
Corporate Entrepreneurship Part One
Corporate Entrepreneurship Part Two
Module 2 Overview
Module 2 Readings
Lesson 2-1 Practice Quiz
Lesson 2-2 Practice Quiz
Lesson 2-3 Practice Quiz
Lesson 2-4 Practice Quiz
Module 2 Quiz

Module 3: Teams and Innovation
Product Development Teams, Including "Heavyweight" Teams Part One
Product Development Teams, Including "Heavyweight" Teams Part Two
Focus on using "Heavyweight" Product Development Teams
Innovation through Partnerships between Dedicated Teams and Mainline Functional Groups
Building the Dedicated Team & Managing the Partnership Part One
Building the Dedicated Team & Managing the Partnership Part Two
Module 3 Overview
Module 3 Readings
Lesson 3-1 Practice Quiz
Lesson 3-2 Practice Quiz
Lesson 3-3 Practice Quiz
Lesson 3-4 Practice Quiz
Module 3 Quiz

Module 4: Planning & Evaluation & Innovation Across Organizations
Introduction to Planning and Evaluation for Innovation: The Importance of Experimentation and Learning
Planning and Evaluation for Innovation: The Importance of Experimentation and Learning Part One
Planning and Evaluation for Innovation: The Importance of Experimentation and Learning Part Two
Innovation Across Firm Boundaries: Virtual Firms & Open Innovation
Advice for Working Across Firm Boundaries: Case of Alliances and JVs
Gies Online Programs
Module 4 Overview
Module 4 Readings
Congratulations!
Get Your Course Certificate
Lesson 4-1 Practice Quiz
Lesson 4-2 Practice Quiz
Lesson 4-3 Practice Quiz
Lesson 4-4 Practice Quiz
Module 4 Quiz

Summary of User Reviews

Learn about strategic innovation and innovation at the frontier with this Coursera course. Users rave about the course's practicality and relevance to real-world situations.

Key Aspect Users Liked About This Course

practicality and relevance to real-world situations

Pros from User Reviews

Valuable insights about innovation and strategy
Practical examples and case studies
Interactive and engaging course materials
Well-structured and easy to follow
Helpful feedback and support from course instructors

Cons from User Reviews

Some users found the course content to be too basic
Technical issues with the online platform
Limited interaction with other learners
Some users found the course to be too time-consuming
The course may not be suitable for those with advanced knowledge in the field

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