Grad Prereq: QST SI750 or SI751 recommended but not required
This course will give students an understanding of the challenges of undertaking innovation within an existing corporate organization or other large institution such as governments or universities. Established industries are being disrupted by innovative products and services at an increasingly fast pace. Corporate leaders are confronting a dynamic shift from formal stage gate innovation approaches toward more entrepreneurial, iterative, fast-paced innovation processes such as agile development, design thinking, lean startup, rapid prototyping, and the business model canvas. To deliver innovative results, corporations must bridge ideas generated in the labs of tomorrow with current operations. This course aims to accelerate learning on corporate innovation by examining how corporate innovators can stay nimble and enable smart experimentation without risking the competencies that made them great. As the need to innovate becomes a matter of "life and death," how do large organizations successfully innovate? We will examine how techniques and frameworks developed in the startup world are being adapted for the corporate one and how established organizations select from a portfolio of options to foster innovation. 3 cr.
[ 3 cr.]