The term “innovation” has gone from an exotic good-to-have to a survival mechanism. But what does it mean? Where and how does one apply it? Does everyone need to heed the call for innovation? The answer clearly is “yes.” Whether you operate taxis or rental cars, whether you run a law firm or a dentist’s office, and regardless of how high-tech or mundane your work is, the irresistible winds of change either already have or will at some point impact your business.
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. Furthermore, technologies such as IoT, machine learning, computer vision and robotics are impacting businesses in existential ways. Meanwhile, consumers have changed too, becoming much more open to new business models, whether it is the sharing economy or subscription retail. 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.
Participants are encouraged to bring a laptop or tablet to this course.
Earn a Professional Certificate in Innovation and Technology
Radical Innovation may be taken individually or as a core course for the Professional Certificate Program in Innovation and Technology.
It is highly recommended that you apply for a course at least 6-8 weeks before the start date to guarantee there will be space available. After that date you may be placed on a waitlist. Courses with low enrollment may be cancelled up to 4 weeks before start date if sufficient enrollments are not met. If you are able to access the online application form, then registration for that particular course is still open.
Participants of this course will be able to:
- Understand how to identify and evaluate new innovative products and businesses.
- Review and understand different ways to create an innovation group and culture and run a targeted innovation session within a company.
- Formulate a corporate plan for invention and new product generation.
- Approach the critical challenges in technology, product, sales, marketing, and financing a new innovative venture.
- Understand the supporting legal and IP requirements and how to set up an intellectual property strategy for the company.
- Incubate, refine, and grow a portfolio of innovative new businesses/products.
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, and Group Leader.
Session 1: Why radical innovation and how to do it
1. Ocean liners versus speed boats
2. The theory behind innovation and creative destruction
3. Why it is difficult
Session 2: Managing creative destruction
1. Why it is inevitable
2. How to harness it
3. How to "invent"
Session 3: Rapid Launch/Fast Fail
1. Why failing fast is best
2. Zombies and preventing them
Session 4: Case Study
An exercise to get the juices flowing
Session 5: Why Rapid Launch is easier than ever
1. The tools available to us
2. How to launch quickly
3. Why quick launch is essential
Session 6: Why innovation fails
1. The antibodies in companies
2. How to address them
3. Why startups succeed
Session 7: Trends in innovation
1. Big picture ideas
2. Trends that are shaping the world
3. Understanding where you fit
Session 8: Case Study
Applying the concepts
Session 9: Walk and talk around MIT (time permitting)
Session 10: IP and innovation portfolios
View 2020 Course Schedule (pdf, subject to change)
Class runs 9:00 am - 5:00 pm each day except for Wednesday when it will end at noon.
Laptops or tablets are encouraged for this course.
SENIOR CONSULTING ENGINEER, EMC CORPORATION
"Professor Sarma mixed real-world contemporary examples with personal experiences, drew out archetypes from the many examples presented, and covered the various aspects of modern-day business practices, from IP protection to crowdsource funding. He also drew out examples from the students and suggested ways to apply these methods to those situations. Finally, there were group exercises that helped us to apply innovative ways of thinking to solve contemporary problems and were structured in such a way as to allow us to evaluate our approaches against startup companies solving similar issues. I felt I learned more (and re-learned) in the 2-1/2 days we spent in class than in the last six months of thinking about ways to improve various approaches to both business and consumer problems."
DIRECTOR OF MARKETING, SEA NG CORPORATION
"I enjoyed it immensely and look forward to more potential courses in the future."
SENIOR DIRECTOR OF SOFTWARE ENGINEERING, DEBISYS INC. DBA EMIDA TECHNOLOGIES
"One of the best investments in money and time in my life."
Sanjay Sarma is a Professor of Mechanical Engineering at MIT and MIT's Dean of Digital Learning. Sarma was one of the founders of the Auto-ID Center at MIT, which developed many of the technical concepts and standards of modern RFID. He also chaired and helped to set up the Auto-ID Research Council consisting of six labs worldwide. Today the suite of standards developed by the Auto-ID Center, commonly referred to as the EPC, are being used by over 1,000 companies on five continents. He serves on the board of EPCglobal, the worldwide standards body he helped to create. Between 2004 and 2006, he took a leave of absence from MIT to found the software company OATSystems, which was acquired by Checkpoint Systems in 2008. He is a consultant to several companies and also serves as a permanent guest of the board of GS1.
Professor Sarma received his bachelor's degree from the Indian Institute of Technology, his master's degree from Carnegie Mellon University, and his Ph.D. from the University of California at Berkeley. In between degrees, he worked at Schlumberger Oilfield Services in Aberdeen, UK. His master's thesis was in the area of operations research and his Ph.D. was in the area of automation. His current research projects are in the areas of radio frequency identification, IC packaging, manufacturing, CAD/CAM, machine design, RFID applications, device networking, mobile capture, and smart devices. He has over 75 publications in computational geometry, virtual reality, manufacturing, CAD, RFID, security, and embedded computing.
He is a recipient of the MIT MacVicar Fellowship, National Science Foundation CAREER Award, the Cecil and Ida Green Career Development Chair at MIT, the Den Hartog Award for Excellence in Teaching, the Keenan Award for innovations in undergraduate education, the New England Business and Technology Award, and the MIT Global Indus Award. He was selected for 2003's Business Week ebiz 25 and Fast Company Magazine's Fast Fifty.
This course takes place on the MIT campus in Cambridge, Massachusetts. We can also offer this course for groups of employees at your location. Please complete the Custom Programs request form for further details.
|Fundamentals: Core concepts, understandings, and tools (30%)||30|
|Latest Developments: Recent advances and future trends (30%)||30|
|Industry Applications: Linking theory and real-world (30%)||30|
|Other: Predicting the future (10%)||10|
|Lecture: Delivery of material in a lecture format (50%)||50|
|Discussion or Groupwork: Participatory learning (25%)||25|
|Other: In-class question and answer (25%)||25|
|Introductory: Appropriate for a general audience (25%)||25|
|Specialized: Assumes experience in practice area or field (35%)||35|
|Advanced: In-depth explorations at the graduate level (40%)||40|