Accelerating Corporate Innovation: The Competitive Advantage of Ecosystem Engagement

Accelerating Corporate Innovation: The Competitive Advantage of Ecosystem Engagement

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Course Dates Format Location Duration Time Commitment Price
Apr 21–22, 2022 Live Online 2 days 5 hrs/day live online + 3-4 hrs self-paced $4,300
Jul 14–15, 2022 In Person 2 days 7-8 hours/day $4,300

Tracks

Strategy and Innovation

Certificate Credits

2.0 EEUs

Topics

- Entrepreneurship

- Global Economics & Markets

- Strategy & Innovation

Course Highlights:

  • This course is delivered in our Live Online format which enables real-time interaction with faculty and global peers
  • You will learn how to leverage key stakeholders within innovation ecosystems—entrepreneurs, universities, risk capital providers, government, and large corporations
  • You will learn how best to engage in ecosystems—via hackathons, accelerators, venture competitions, etc.
  • You will develop new organizational practices to break down internal silos and the “fortress mentality” and shift toward this more open innovation ecosystem approach
  • You will earn a certificate of course completion from the MIT Sloan School of Management

 

Featured content:

 

Why attend Accelerating Corporate Innovation?:

Innovation is a driver of productivity, competitive advantage, and enterprise value. But it does not happen in a vacuum. Innovation requires connections, just as entrepreneurship does, among key stakeholders—entrepreneurs, universities, risk capital providers, government, and large corporations. These connections are increasingly taking place in “innovation ecosystems” and through programs such as accelerators, hackathons, prize competitions, and co-working spaces in which stakeholders and communities contribute and share resources (e.g., talent, ideas, infrastructure, money, and connections).

How can leaders harness the power of these open innovation ecosystems around the globe or in a specific region of interest for their organizations? Based on MIT's research into the science of innovation ecosystems, this course equips executives and government leaders with the high-level frameworks and tools necessary to understand corporate innovation and entrepreneurship in the ecosystems around them, shift to a more effective ecosystem-based open innovation approach, and design programs to engage effectively with external stakeholders.

 

Course experience:

Learn more about the live online experience

 

Applying to the course:

We accept enrollments until the offering reaches capacity at which point we will maintain a waitlist. Many of the courses fill up several weeks in advance, so we advise that you enroll as early as possible to secure your seat.

You can begin the application process by using the red Enroll Now bar at the bottom of the screen.

 

Have questions?:

Contact Us if you would like to speak with a program director or visit our Frequently Asked Questions page for answers to common questions about our courses.

Upon successful completion of your course, you will earn a certificate of completion from the MIT Sloan School of Management. This course may also count toward MIT Sloan Executive Certificate requirements.

 

Drawing on recent MIT research, this highly practical course helps leaders:

  • Understand why innovation is a challenge in their organizational system
  • Assess and identify innovation hub(s) – ecosystems - with which to engage (e.g. Boston, Israel, London, Berlin)
  • Identify what their organization wants from the ecosystem—and what they can give back to it, with metrics that can track such changes
  • Understand who – in terms of innovation ecosystem stakeholders - to engage with in the ecosystem
  • Consider how best to engage in these ecosystems—via hackathons, accelerators, venture competitions, etc.
  • Develop new organizational practices to break down internal silos and the “fortress mentality” and shift toward this more open innovation ecosystem approach

 

Hear from a past participant:

Dr. Phil Budden and Professor Fiona Murray pack years of ecosystem engagement experience and research into two days. The course provides the blueprint and roadmap for engaging innovation ecosystems to maximize the impact of startup engagement. Research shared covering diversity and inclusion reinforces the need to make it a conscious element in an ecosystem strategy. Multiple breakout sessions with small groups provide participants with an opportunity to connect and share experiences and ideas.

Sample Schedule—Subject to Change

This course is designed for executives in both public and private sectors, ranging from senior managers and corporate entrepreneurs to C-suite executives and future leaders.

The program will also be of value to entrepreneurs, regional development officers, investors, and government policymakers.

Participants must be interested in encouraging innovation in their organizations or regions, especially through leveraging innovation ecosystems. Participants from both developed and emerging markets are encouraged to attend.

We do not recommend this program to past participants of Corporate Innovation: Strategies for Leveraging Ecosystems (self-paced online) unless you are looking for a refresher.

 

Hear from a past participant:

The concept is so profound: innovation ecosystem and entrepreneurial ecosystem. Prof. Murray and Dr. Bidden helped to lay out a strong emphasize about the imporance of regional cluster economic comparative advantage that can only be defined by having all 5 pillars running at certain degree (Universities, Government, Corporation, Risk Capital, and Entrepreneur Factory. Without having this, a country may face in vicious cycle of being a laggard forever."

Course Dates Format Location Duration Time Commitment Price
Apr 21–22, 2022 Live Online 2 days 5 hrs/day live online + 3-4 hrs self-paced $4,300
Jul 14–15, 2022 In Person 2 days 7-8 hours/day $4,300

Tracks

Strategy and Innovation

Certificate Credits

2.0 EEUs

Topics

- Entrepreneurship

- Global Economics & Markets

- Strategy & Innovation

Enroll Now!

$4,300