60 minutes

DECEMBER 18, 2019

Deep Dive

Innovation is a critical component to success in today’s ever-changing business landscape. It flourishes in an environment in which key stakeholders can connect, contribute, and share resources—in other words, when they are part of an innovation ecosystem. 

Fiona Murray and Phil Budden discuss:

• The MITii definition of innovation and how that informs your approach to innovation
• Why “the world isn’t flat” for innovation, and why it seems to thrive in certain ecosystems 
• Which are the five key stakeholders in the most successful innovation ecosystems
• What this means for business leaders and especially for corporate innovation
• How executives can leverage such ecosystems for innovation in their organization

To find out more about innovation ecosystems, consider exploring these executive education courses taught by Murray and Budden:

Innovation Ecosystems: A New Approach to Accelerating Corporate Innovation and Entrepreneurship



Corporate Innovation: Strategies for Leveraging Ecosystems (self-paced online)