In a world characterized by volatility, uncertainty, complexity, and ambiguity, leaders require robust innovation skills to thrive. This specialization, offered by the University of Illinois at Urbana-Champaign, provides a comprehensive understanding of innovation, from creativity to entrepreneurship.
The course addresses the fundamental strategy concepts and tools for managing technological innovations for competitive advantage. It explores the challenges of implementing innovation initiatives within established firms and managing innovation with disruptive technologies. Additionally, it guides learners through the creative process, fostering and sustaining creativity, and effective collaboration for innovation.
The entrepreneurship modules delve into the entrepreneurial venture process, covering topics such as managing resources, formulating ideas, building the venture's initial management team, identifying and reaching out to early customers, developing financial plans, and raising startup and initial growth financing.
The capstone integrates all the courses within the specialization, providing a learning experience for analyzing a new enterprise to develop the current business model and identify potential opportunities and challenges.
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This specialization comprises modules focusing on innovation strategy, managing innovation initiatives, creativity, collaboration, and entrepreneurship. It covers fundamental concepts, tools, and frameworks for technology-based firms as well as the entrepreneurial venture process.
Innovation strategy is about creating unique value for consumers by delivering a great product that satisfies their needs. This course introduces fundamental strategy concepts and tools for managing technological innovations for competitive advantage. It explores the sources of technological change, mechanisms for extracting value from technologies, and the fundamentals of technology strategy through readings and case studies.
This course helps develop a perspective on managing innovation, addressing challenges in implementing innovation efforts within established firms and managing innovation with disruptive technologies. It covers leadership of new product development teams, planning and evaluation of innovation initiatives, and management of innovation across organizational boundaries.
This course examines the creative process and how to change perspectives to see new possibilities and solutions. It teaches concrete steps to enable learners to identify and generate opportunities for creativity, sustain progress, and lead a supportive culture for creativity.
This course helps learners become better creative collaborators by teaching them how to design pitches for innovative ideas, evaluate the ideas of others, and lead groups to foster effective collaboration for innovation.
This course explores the earlier stages of the entrepreneurial venture process, examining the nature of growth and error in entrepreneurial settings, managing resources, and the emergence of entrepreneurial opportunities. It also focuses on how business concepts underlie compelling entrepreneurial missions.
This course outlines strategies and tactics for forming, financing, and launching a new venture. It addresses building the new venture’s initial management team, identifying and reaching out to early customers, developing financial plans, raising startup and initial growth financing, and preparing for and managing rapid growth.
The capstone integrates all the courses within the specialization, providing a learning experience for analyzing a new enterprise to develop the current business model and identify potential opportunities and challenges.
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