STRATEGY IS INNOVATION: HOW THE LEADERS OF TOMORROW CREATE THE FUTURE
This course is developed based on Prof. Vijay Govindarajan’s framework for Leading Innovation using the 3 Box Solution Model.
Companies large and small are seeking non-linear growth and hence driving innovation has become a priority.Yet, many companies struggle to bring their big ideas to life. This is because the real innovation challenge lies beyond just the idea, in the long journey from imagination to business impact.
In this course participants understand how to manage the competing demands of running today’s business while creating tomorrow’s. In particular, the course is designed to allow participants to gain knowledge, insight, and analytical skills and apply the 3-Box Framework for Leading Innovation,which includes:
a) Managing the Present:
– Core Competencies
– Concept of Business Model
– Dominant Logic
b) Selectively Forgetting the Past
c) Creating the Future:
– Strategic Intent
– Next Practices
– Innovation Execution
a) Introduction to 3-Box Framework
b) Good Examples of 3-Box Thinking
c) Bad Examples of 3-Box Thinking
d) Strategic Balance and Examples
a) 3-Box Time Allocation to Your Company
b) Evaluate Box 2 and 3 Frameworks for Your Company and Industry
a) Watch: Apollo 13 movie
a) Strategy Architecture and Strategic Intent
b) Strategic Intent – Apollo Program and Marathon Race
c) Core Competencies and Honda Example
a) Create and Evaluate Your Company’s Statement of Strategic Intent
b) Evaluate Your Company’s Core Competencies
a) Reverse Innovation – Introduction
b) Example of Reverse Innovation –GE Healthcare, Narayana Hridayalaya, Artificial Leg, $300 House
c) How to Select Box 3 Ideas
d) How to Scope Each Idea
a) Generating Box 3 Ideas – Non-Linear Shifts and Weak Signals
b) Selection of Box 3 Ideas
c) Scoping out Selected Ideas
d) Box 3 Idea’s Potential in New Markets
e) Modifications to Serve New Markets
a) Understanding Innovation Execution & Challenges
b) Overcoming the 6 Innovation Challenges
c) Critical Assumptions
d) Designing Innovation Experiments
e) Avoiding Common Errors
a) Applying the 6 Challenges Framework to Your Innovation Idea
b) Identifying Critical Assumptions
Coxe Distinguished Professor of Management
EMERITUS follows a unique online model. This model has ensured that nearly 90 percent of our learners complete their course.
- Orientation Week
The first week is orientation week. During this week you will be introduced to the other participants in the class from across the world. You will also learn how to use the learning platform and other learning tools provided.
- Weekly Goals
On other weeks, you have learning goals set for the week. The goals would include watching the video lectures and completing the assignments. All assignments have weekly deadlines.
- Recorded Video Lectures
The recorded video lectures are by faculty from the collaborating university.
- Live Webinars
Every few weeks, there are live webinars conducted by EMERITUS course leaders. Course leaders are highly-experienced industry practitioners who contextualize the video lectures and assist with questions you may have regarding your assignments. Live webinars are usually conducted between 1 pm and 3 pm UTC on Tuesdays and Wednesdays.
- Clarifying Doubts
In addition to the live webinars, for some courses, the course leaders conduct Office Hours, which are webinar sessions that are open to all learners. During Office Hours, learners ask questions and course leaders respond. These are usually conducted every alternate week to help participants clarify their doubts pertaining to the content.
The EMERITUS Program Support team members will follow up and assist over email and via phone calls with learners who are unable to submit their assignments on time.
- Continued Course Access
You will continue to have access to the course videos and learning material for up to 12 months from the course start date.
EMERITUS Program Support Team
If at any point in the course you need tech, content or academic support, you can email program support and you will typically receive a response within 24 working hours or less.
You can access EMERITUS courses on tablets, phones and laptops. You will require a high-speed internet connection.
On completing the course you join a global community of 5000+ learners on the EMERITUS Network. The Network allows you to connect with EMERITUS past participants across the world.
ADMISSION & FEES
DURATION AND COURSE FEE
- 2 Months
- 2 – 4 hours per week
- Course Fees USD 1400
- You can pay for the course either with an international debit or credit card (unfortunately we are unable to accept Diners credit cards), or through a bank wire transfer. On clicking the apply now button below, you will be directed to the application form and the payment page.
- We provide deferrals and refunds in specific cases. The deferrals and refund policy is available here.
- You will be provided a course login within 48 hours of making a payment.
- Please provide your work experience and your current employer via the application.
- You can apply by clicking the Apply Now button
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