Get updates on Eligibility, Admission, Placements Fees Structure
Quick Facts
| Medium Of Instructions | Mode Of Learning | Mode Of Delivery |
|---|---|---|
| English | Self Study, Virtual Classroom | Video and Text Based |
Course Overview
In today's fast-paced corporate world, innovation is critical. To stay in business, forward-thinking managers recognize that an innovation plan must be an inherent component of an organisation's principal operations. The Corporate Innovation: Strategies for Leveraging Ecosystems online course by MIT teaches the latest business innovations.
A Deloitte survey states that, In the COVID-19 pandemic, 38% of digitally mature businesses felt that innovating quicker has a significant beneficial influence on their business. The Corporate Innovation: Strategies for Leveraging Ecosystems training provides a unique iEcosystem framework developed by MIT professors to assist businesses in aligning external and internal processes, leveraging key stakeholders, embracing technology, and overcoming business obstacles through radical technologies.
According to an Atlassian report, Revenue from new goods/services produced via innovation accounts for 50% of total revenue. The Corporate Innovation: Strategies for Leveraging Ecosystems syllabus gives applicants access to the iEcosystem framework, as well as a variety of cutting-edge concepts and technologies, allowing them to build a culture of achieving sustainability in the business.
The Highlights
- MIT offering
- Split option of payment
- Self-paced learning
- 6-8 hours per week
- Projects and assessments
- 6 weeks duration
- Online learning
- Downloadable resources
- Course provider Getsmarter
- Shareable certificate
Programme Offerings
- online learning
- quizzes
- Live polls
- Self-paced learning
- Case Studies
- Infographics
- Offline resources
- Video lectures.
Courses and Certificate Fees
| Certificate Availability | Certificate Providing Authority |
|---|---|
| yes | MIT Sloan School of Management, Cambridge |
Fee type | Fee amount in INR |
Corporate Innovation: Strategies for Leveraging Ecosystems fees | Rs. 275,740 |
Installments pattern
| 1st installment | Required before: 2025-02-11 | Amount Due: ₹137,870.00 INR |
| 2nd installment | Required before: 2025-03-13 | Amount Due: ₹137,870.00 INR |
Eligibility Criteria
Certification Qualifying Details
To qualify for the Corporate Innovation: Strategies for Leveraging Ecosystems certification, Participants must submit all projects and assignments, as well as finish all of the online course modules. Participants must engage in classroom activities such as quizzes, live polls, surveys, case studies, and other activities. Students are graded on the basis of projects, class activities, and coursework that they have completed. To be eligible for accreditation, students must meet all of the requirements specified in the coursebook.
What you will learn
After completing the Corporate Innovation: Strategies for Leveraging Ecosystems online training, Learners will gain the ability to analyze their team's potential to innovate and be entrepreneurial along with learning about the tools and frameworks that will help your company's continuing innovation. Candidates will learn to create a customized innovation plan for the company.
Who it is for
- Business leaders from any industry wish to strengthen their organization's ability to develop and implement innovative initiatives.
- Entrepreneurs and start-up business owners who wish to introduce new products and services.
- Senior managers, management consultants, business strategists, marketing managers, and sales representatives with creative ideas who are looking for frameworks and tools to capture and execute on those ideas.
Admission Details
To get admission to the Corporate Innovation: Strategies for Leveraging Ecosystems online certification course, follow the steps mentioned below:
Step 1. Open the official course page by following the link
(https://www.getsmarter.com/products/mit-sloan-corporate-innovation-strategies-for-leveraging-ecosystems-online-program)
Step 2. Click on the ‘Register Now’ button on the course page
Step 3. Read the course provider's terms and conditions and accept to proceed.
Step 4. Make your profile on the Getsmarter website by filling in details
Step 5. Fill in the billing details and sponsor details
Step 6. Pay the course fee and begin the online class
The Syllabus
Welcome to your Online Campus
- Outline innovation as defined by MIT
- Identify the spectrum of innovation and its implications for an organization
- Illustrate the innovation spectrum, linked to an organization's innovation priorities, challenges, and strategy
- Identify the key elements that are designed to drive innovation in an organization
- Articulate some of the challenges that arise with traditional internal systems
- Analyze how an organization's processes limit an effective innovation culture
- Categorize an organization's challenges and prioritize them
- Analyze an organization in order to identify its barriers to innovation and understand the relationships among these barriers
- Outline the key resources available in innovation ecosystems
- Explain why the world is not flat for innovation due to drivers of strong co-location and concentration for innovation activities around the world
- Review the ways in which your organization may already be linked to innovation ecosystems
- Interpret how to assess a country’s capacities for innovation and entrepreneurship, and why that matters for organizations looking at regional ecosystems within that country
- Analyze the I-Cap and E-Cap for a country of importance to your organization, and outline why that matters for their organization’s innovation strategy
- Discuss MIT’s iEcosystem Stakeholder Framework and the resources these stakeholders share in the ecosystem
- Articulate the roles of various stakeholders in an innovation ecosystem of your choice and assess their level of engagement and contribution
- Categorize your organization's interactions with those other stakeholders in its ecosystem according to relative roles and requirements
- Identify the process by which IDEs are established as start-ups but are different from the majority of SMEs
- Articulate the differences between IDEs and both larger SMEs and corporate enterprises
- Describe the importance of experimenting with and evaluating an idea in an innovation loop
- Articulate what can be learned from how IDEs use an innovation loop approach to reduce risk
- Deduce how a series of innovation loops can systematically improve a ‘problem/solution match’ and reduce uncertainty over time
- Conclude what can be learned from IDEs about the wider process of innovation
- Assess how the innovation loop approach might be used and applied in an organization for the early stages of the innovation process
- Review MIT’s Stakeholder Model for innovation ecosystems
- Articulate the interests of the corporate stakeholder in innovation ecosystems
- Distinguish the resources the corporate stakeholder may bring to innovation ecosystems
- Articulate the roles of corporates in engaging the entrepreneur and risk capital stakeholders in innovation ecosystems
- Investigate the resources the corporate stakeholder may bring to innovation ecosystems especially of interest for entrepreneurs, IDEs, and risk capital providers
- Articulate the roles of corporates in engaging the university stakeholder in innovation ecosystems
- Articulate the roles of corporates in engaging the government stakeholder in innovation ecosystems
- Recommend how an organization can use its resources and assets to enhance its effective engagement with an innovation ecosystem
- Demonstrate the strengths and weaknesses of different tools for engagement, and their design elements
- Illustrate how engagement tools align with innovation loops
- Identify what a hackathon is, its design elements, and the strengths and weaknesses of hackathons as engagement tools
- Identify what an accelerator is, its design elements, and the strengths and weaknesses of accelerators as engagement tools
- Identify what a prize competition is, its design elements, and the strengths and weaknesses of prize competitions as engagement tools
- Analyze an ecosystem to determine which tool of engagement is most appropriate
- Decide how the relative success of engagement tools can be measured and evaluated
- Assess an organization's innovation process and how it might be optimized internally to deliver for the organization
- Recommend how an optimized innovation process might allow an organization to better engage with the wider innovation ecosystem and its key stakeholders
- Articulate how inclusivity and diversity can be leveraged in innovation ecosystems
- Analyze the challenges of bringing innovation from the ecosystem into the organization, as well as the leadership approach and management processes that are needed to mitigate them
- Recommend steps an organization can take to engage with its ecosystem for innovation
- Finalize a plan with specific steps an organization can take for engaging with an innovation ecosystem
Instructors
MIT Sloan School of Management, Cambridge Frequently Asked Questions (FAQ's)
Corporate Innovation strategy unites various groups inside the organisation with defined priorities, objectives, and emphasis.
Radical, disruptive, incremental, and architectural are the 4 types of innovation.
The leadership activities required for innovative corporations: constructing an innovation system, developing an innovation strategy, and establishing an innovation culture.
Radical and incremental are the two main categories of innovation.
Some of the elements of innovation are: ideation, value creation, collaboration and implementation.