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 Duration Time Commitment Price
Oct 25–26, 2021 Blended 2 days 5 hrs/day live online + 3-4 hrs self-paced $4,300

Tracks

Strategy and Innovation

Certificate Credits

2.0 EEUs

Topics

- Entrepreneurship

- Global Economics & Markets

- Strategy & Innovation

Based on MIT's research into the science of innovation ecosystems, this course equips executives 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.

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? If you are a business or government leader interested in engaging in an innovation ecosystem to find talent, ideas, and entrepreneurial ventures, this new program will provide you with the tools and frameworks necessary to take externally focused innovation and entrepreneurship activities to the next level at your organization.

Learn more about the live online experience

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

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.

Course Dates Format Duration Time Commitment Price
Oct 25–26, 2021 Blended 2 days 5 hrs/day live online + 3-4 hrs self-paced $4,300

Tracks

Strategy and Innovation

Certificate Credits

2.0 EEUs

Topics

- Entrepreneurship

- Global Economics & Markets

- Strategy & Innovation

Enroll Now!

$4,300