Innovation is imperative in the fast-paced landscape of contemporary business. Forward-thinking managers know that a strategy for innovation must become an integral part of an organization’s primary operation.
This online executive program offers a unique framework (iEcosystem) designed by MIT faculty to help organizations align internal and external processes, leverage key stakeholders, and innovate successfully to overcome business challenges.
Over the course of six weeks, you’ll gain access to this framework along with a range of cutting-edge concepts and tools, empowering you to foster a culture of sustainable innovation in your organization.Download course prospectus
What will set you apart
Earn a certificate of completion from The MIT Sloan School of Management in this online program and be empowered to:
- Assess your organization’s capacity for innovation and entrepreneurship
- Learn how to leverage your organization’s ecosystem to optimize innovation
- Become familiar with different methods for facilitating meaningful ecosystem engagement, and identify relevant methods for your organization
- Design a tailor-made strategy for your organization to facilitate innovation
Learn how to leverage internal processes and liaise with external stakeholders to maximize opportunities for innovation as you follow your learning path through the weekly modules of this online program:
- Orientation module Welcome to your Online Campus
- Module 1 Innovation and its Challenges
- Module 2 Innovation in Ecosystems, with Stakeholders
- Module 3 Innovation-driven Entrepreneurship and Experimental Innovation Loops
- Module 4 Corporate Stakeholders in Innovation Ecosystems
- Module 5 Innovation Practices as Tools of Engagement: Hackathons, Accelerators, and Prize Competitions
- Module 6 Leading Innovation in an Ecosystem
Drive innovation in your organization
This MIT Sloan online program is delivered in collaboration with GetSmarter. Learn from industry thought leaders as you learn to lead breakthrough innovation in your organization in this online short course from the MIT Sloan School of Management.
The design of this online program is guided by MIT Sloan faculty who will share their experience and in-depth subject knowledge with you throughout the course.
William Porter Professor of Entrepreneurship, MIT
Associate Dean for Innovation & Co-Director MIT Innovation Initiative
Fiona Murray is the Associate Dean of Innovation at the MIT Sloan School of Management, William Porter (1967) Professor of Entrepreneurship, and an associate of the National Bureau of Economic Research. She is also the co-director of MIT-wide Innovation Initiative. She serves on the British Prime Minister’s Council on Science and Technology and has been awarded a CBE for her services to innovation and entrepreneurship in the UK. She is on the Board of private biotechnology company Celixir and on the Global Advisory Board of MassChallenge.
Murray is an international expert on the transformation of investments in scientific and technical innovation into innovation-based entrepreneurship that drives jobs, wealth creation, and regional prosperity. She has a special interest in the commercialization of science from idea to impact and the mechanisms that can be effectively used to link universities with entrepreneurs, large corporations, and philanthropists in that process. In her recent scholarship and writing, Murray has emphasized the ways in which women and under-represented minorities are engaged in innovation ecosystem, and the ways in which different approaches to evaluating early-stage ideas can overcome the unconscious bias that she has documented in entrepreneurial funding.
Her work is widely published in a range of journals, including Science, Nature, New England Journal of Medicine, Nature Biotechnology, American Journal of Sociology, Research Policy, Organization Science, and the Journal of Economic Behavior & Organization. She brings her deep appreciation of R&D to an understanding of global innovation economy and to the ways in which the next generation of global innovators should be educated. Murray received her BA ’89 and MA ‘90 from the University of Oxford in Chemistry. She subsequently moved to the United States and earned an AM ’92 and PhD ’96 from Harvard University in applied sciences.
Senior Lecturer, Technological Innovation, Entrepreneurship, and Strategic Management , MIT Sloan School of Management
Phil Budden is a Senior Lecturer at MIT's Management School, in Sloan's TIES (Technological Innovation, Entrepreneurship and Strategic Management) Group, where he focuses on 'innovation-driven entrepreneurship' (IDE) and innovation ecosystems. Phil co-teaches in the successful 'Regional Entrepreneurship Acceleration Program' (REAP), an MIT Global Program for regional teams from around the globe interested in accelerating 'innovation-driven entrepreneurship' and in a related class, known as 'Regional Entrepreneurship Acceleration for Leaders' (REAL), aimed at mid-career exec MBAs. He also lectures on similar topics to executives in a variety of executive education settings, including the on-campus program, ‘Innovation Ecosystems’. Phil's approach combines researched, real-world and personal perspectives on how leaders from all the different stakeholders — including Entrepreneurs, Universities and 'Risk Capital' providers, alongside Corporate enterprises and Government policymakers — can all contribute to building successful innovation ecosystems.
Phil has previously worked for the British Government, and the Royal Bank of Scotland's U.S. subsidiary (Citizens Bank). For executives from around the world, Phil’s background in diplomacy and banking makes him well-suited to outlining ‘innovation', the interplay among stakeholders, and the negotiations within 'innovation ecosystems' (especially between Corporate and Government stakeholders). Phil holds a BA and MA in History from Lincoln College, the University of Oxford; an MA in History and Government from Cornell University; and a PhD (DPhil) in History and International Political Economy, also from the University of Oxford.
Earn a certificate of completion from MIT Sloan
Get recognized for your knowledge when you earn an official certificate of completion from the MIT Sloan School of Management, one of the world's leading business schools, and use it as proof that you've got what it takes to set yourself apart.
This program also counts towards an MIT Sloan Executive Certificate, which you can earn upon completion of four programs where at least three of the four come from your chosen certificate track and at least one is completed in-person. Find full details here.
Your certificate will be issued in your legal name and couriered to you, at no additional cost, upon successful completion of the program, as per the stipulated requirements. All certificate images are for illustrative purposes only and may be subject to change at the discretion of the University.REGISTER NOW
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WHAT ARE MY PAYMENT OPTIONS?
You can either pay your tuition fees in full before the course starts, or you may opt for a two-part payment plan for courses nine weeks and shorter. For courses ten weeks or longer, there is a three-part payment plan available. To find out more on payment options please visit our Payment and Financing page.
If you want to find out more about any of these options or you want to know which you qualify for please get in contact with a Course Consultant here.
WILL I HAVE THE TIME?
GetSmarter's learning model is designed to help you, as a working professional, improve your skills without compromising on work and family responsibilities. The course work is broken up into weekly, manageable bite-sized modules, with incremental deadlines, designed to help you pace yourself over the duration of the course and allow you the legroom to work when it suits you best.
At the beginning of each week you'll be presented with all the lectures, notes and assignments necessary for completion. You also have access to your Success Manager who will help you set goals and track key milestones, manage your time, and field any administrative requests you might have.
CAN MY EMPLOYER ASSIST WITH PAYMENT?
By improving your skills and industry knowledge, you'll be having an influence on the success of your organisation.
Why wouldn't you ask your boss to help you fund your studies if it's going to have an impact on the way you do business?
37% of our past students receive financial assistance from their employers. You can ask for help, too. Here is a guide to show you how to receive financial assistance from your employer.
WHAT IS THE ONLINE CAMPUS?
The Online Campus will be your virtual classroom for the duration of your course. Through its easy-to-use interface you'll have access to a diverse variety of course content formats, including: interactive video lectures, module notes, practice quizzes, Prezis, assignment briefs, and additional web resources.
On the Online Campus, you'll also be able to ask questions and interact with your fellow students and Head Tutor through the Online Campus discussion forums. If you're experiencing tech issues or need advice from your personal Success Manager, you can use the Online Campus to get in touch.