Learn how to go from an ad-hoc or jugaad way to a more systematic approach to building innovation capacity in your team or organization. Do you feel innovation activity in your organization is ad-hoc? Are you looking for a systematic approach through which innovation capacity can be enhanced in your organization? Do you want answers to questions like what is innovation in business, what is innovation in entrepreneurship, importance of innovation in business, innovative ideas for business growth, and why businesses need to innovate, etc.
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This course will show you how you can build an innovation pipeline, improve idea velocity and enhance business impact through an 8-steps approach. Moreover, we will also explore ways of sustaining participation in innovation activity.
You will get to learn some of the industry best practices. And also learn to apply the tools in your own context. For example, you will learn to create a challenge book that articulates the key challenges in your organization. Similarly, you will find ways to design low-cost experiments.
Whether you are in a start-up or a large organization, in a hi-tech or low-tech business, product or services business, this course will have something for you to apply in your context and make your organization more innovative.
What you'll learn
- What is innovation?
- Why innovate?
- Jugaad vs systematic innovation: The eight steps
Step 1: Lay the foundation
Step 2:Create a challenge book
Step 3: Build participation
Step 4: Experiment with low-cost at high-speed
Step 5: Go fast from prototyping to incubation
Step 6: Iterate on the business model
Step 7: Build an innovation sandbox
Step 8: Create a margin of safety
Syllabus
Week 1 : Introduction
Week 2 : Lay the foundation and create a challenge book
Week 3 : Build participation and Experiment with low-cost at high-speed
Week 4 : Go fast from prototyping to incubation and Iterate on the business model
Week 5 : Build an innovation sandbox and Create a margin of safety
