Increasingly, innovation has become one of the critical drivers of competitive advantage. Firms that innovate have high profitability, high growth rates and higher chances of survival. Despite the well-known benefits of innovation, firms find it difficult to be truly innovative. In this program, we examine the dynamics of innovation, systematic processes for successful innovation, strategic aspects of innovation, and how to build and sustain innovation-related capabilities. In addition, we will dwell on the institutional antecedents of innovation and its intertwining with competition.
Types and sources of innovations
Disruptive innovations
Open innovation
Business model innovation
Frugal innovation
Battles for technology standards and design dominance
Appropriating the value of innovation
Organizing for innovation
Mastering innovative skills
Design thinking
Innovation in emerging markets