MIT/ILP Calendar Event
OverviewLess than 10 years ago, traditional players such as Nokia, Ericsson, Samsung, and Motorola dominated the mobile phone industry. Three years ago, the hottest phones were by Apple. Today, Samsung is considered an innovative company, Google has acquired the mobile phone division of Motorola, and Microsoft has acquired the mobile phone division of Nokia. Three elements of modern technology are making new ideas appear at such an extraordinary pace: the sheer rate of technical progress, the abundance of tools that are placing advanced technologies within the reach of new entrants, and the extraordinary opportunities created by convergence. Not all innovation needs to progress at this rate; however, there are lessons to be learned from these events and every company should be prepared to leverage opportunities from within or to ward off threats from the outside. The objective of this class is to cover some of the salient features of innovation in the modern world and to lay out the philosophy, tools, procedures, and incentives that an organization can adopt to drive innovation.
The course will cover a range of topics in innovation, and will begin with an understanding of what makes a successful innovative product and business: people, opportunity, context, and technology. The course will examine case studies in what we call radical innovation and will identify steps that companies can take towards encouraging innovations from within, ranging from brainstorming sessions to invention awards. Participants will also examine successful incubator strategies and critical success factors and some of the IP issues around invention. Next, the course will explore the role of venture funds inside and outside companies, and discuss spinouts, spin-ins, licensing, and acquisitions. Finally, participants in the course will consider the role of communities, standards bodies, and open-source models in innovation. There will also be breakout sessions in which smaller groups will engage in innovation exercises.
Who Should Attend
The course is taught from a technology viewpoint and is targeted at technical leaders, executives in charge of product or company strategy, and product managers. Typical titles will include: CTO, Head of Strategy, CIO, Head of R&D, Product Manager, Director of Lab, Group Leader, and so on.
MIT is located in Cambridge, Massachusetts. The campus, situated in close proximity to Boston’s Logan International Airport, profits from Boston’s excellent public transportation system and the on-campus Tech Shuttle. The closest subway station is Kendall Square, which acts as a commercial center for MIT and the local community.
FOR FURTHER INFORMATION OR TO REGISTER, CONTACT:
MIT Professional Education - Short Programs
238 Main Street, Suite 401
Cambridge, MA 02139
TEL: 617 253 2101 * FAX: 617 258 8831
ILP members receive a 15% discount on all MIT Professional Education open enrollment programs held in Massachusetts. ILP members receive a 15% discount on all MIT Professional Education courses. To obtain the discount code, click here (you must be signed in to this website as an ILP member to access the code).