Managing for Innovation
Explore different approaches to innovation, learn to avoid pitfalls, and tackle future challenges as an innovation manager.
Leaders at any level can recognize the value of innovation, whether in processes, products, or strategy. However, many managers struggle to innovate and don’t have effective innovation processes. Countless case examples suggest the obvious: that innovation is hard, especially for established companies in mature industries.
Participants in the program will explore different approaches to innovation, confront some inherent challenges, and devise strategies to overcome them. Innovating requires managers to defy past thinking – even and especially where it has been effective or efficient in the past. Break old habits and tackle future challenges as an ”innovation manager” in Managing for Innovation.
Who should attend?
Executives or managers who are responsible for driving innovation in their organizations.
What You Learn
Innovation processes and change management
- Review comprehensive research on the requirements for innovation, and why it is difficult for many managers and companies.
- Understand how managing for innovation is different from managing for efficiency, and what specific management reflexes need to be confronted to bring about real change that builds innovation capabilities.
- Begin to think as innovation managers – encouraging their teams and organizations to develop a deeper capacity to innovate.
Module 1: Innovation: What it is and how it happens
- List and describe many factors related to process, management, organization and culture that seem related to innovation
- Explain in detail the nature and “shape” of innovation processes
- Recognize some recurrent issues in innovation management
- Describe ways that technology might be deployed to enhance innovation capabilities
Module 2: What makes innovation hard in many companies
- Explain the vital role that variation, including random variation, plays in innovation
- Describe how innovation processes are different from industrial processes in terms of how they need to handle variation within a process, and how certain management reflexes can run counter to the desire to nurture innovation
- Understand innovation as a Darwinian evolutionary process
- Describe some of the behaviours and attribute that successful innovators share
Module 3: Balancing business considerations with the need to keep innovation alive
- Explain how new products and services diffuse into the market
- Describe strategies for meeting the challenges of diffusing new offerings into the market
- Understand the issue of ambidexterity in organizations
- Identify some actionable ways you can try to keep your organization innovative.
Course delivery details
This course consists of five 3-hour sessions taught over five separate days.
How You Learn
- Self-paced Learning Activities
- Live Faculty-led Sessions
- Peer Learning Sessions
- Online Simulations
- Simulation: Predicting Success
Certification / Credits
After completing Managing for Innovation, you'll receive an authentic digital artifact – also known as a badge. This badge showcases your achievements and commitment to professional development. You can share your accomplishment with your network by displaying digital badges on social media, websites, ePortfolios, professional networks, and email signatures. Included in your badge is a digital certificate. Your network will be able to view your personalized and authentic certificate through your online digital badge.
In addition to a digital badge, you will receive an Ivey Program Certificate of Completion, a powerful credential from the top business school in Canada.
About The Ivey Academy
The Ivey Academy at Ivey Business School
The Ivey Academy is Canada’s leader in management education and professional development. We work with organizations in business and government to build leadership teams and drive strategic change. As a full-service learning and development provider, we design and deliver talent...
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