Course Overview
Domain
Business, Communication and Design
Format
Short Course
Duration
2 days
Fee Subsidy
Up to 90% SF Funding
Chesbrough first defined the concept of "Open Innovation" (OI) in 2003.
The co-creation of solutions, which involves leveraging the capabilities, ideas, and expertise of different parties reduces development times, lowers costs, and creates more significant value creation.
In addition, it also lowers innovation risks and provides alternatives to address complex and technologically challenging problems.
To fully harness the potential of OI, individuals, and leaders need to develop ecosystem leadership skills, enabling effective collaboration with stakeholders across organisational boundaries.
These skills also foster a "system engineering" approach promoting the development of customer-oriented products and services. Such skills are essential for individuals, particularly engineers and engineering managers, to recognise that the most effective solutions often emerge through co-creation with others, rather than relying solely on individual expertise, creativity, and hard work.
Who Should Attend
- Individuals
- Mid-level leaders (including engineering and other professionals)
- Chief Experience Officer
What You Will Learn
Introduction to Innovation Ecosystems and Making Open Innovation Work for Enterprises
- The concept of innovation ecosystems
- Why Open Innovation?
- Types of Open Innovations?
- Case Study 1: Innovating coatings at Nipo International
- Case Study 2: Ideas and not solutions: enabling through internal crowdsourcing in the TATA Group
The Exploitation and Exploration Innovation Continuum
- The innovation and product lifecycle and technology s-curves
- How do enterprises exploit and explore growth opportunities?
- Case Study 3: Neeuro: revolutionising health tech through Open Innovation
Managing Innovation Risk and Trade-off
- Exploitation and exploration trade-off
- Managing leadership challenges of innovation ecosystems
Introduction to Social Capital and The Importance in Developing Your Ecosystem Leadership - The “What” and “Why” of Social Capital
- What is Social Network and Capital?
- Network models of advantage
- Case Study 4: social network study of an Asia-Pacific leadership team of a large MNC, May 2006
- Case Study 5: training community leaders in improvised communities to become ecosystem leaders, 2016 – 2018
Social Capital as a Personal and Organisational Competence
- Examine your personal social network from your personal social capital survey
- How to purposefully expand your social networks
- Network brokerage and how you can create value in an innovation ecosystem
- Next step and call to action from the training program
Teaching Team
Lim Chon Phung
Adjunct Associate Professor, Business, Communication and Design, Singapore Institute of Technology
View profile
Schedule
| Time | Dates |
|---|---|
| 9:00 am - 6:00 pm | 4 - 5 October 2023 |
Certificate and Assessment
A Certificate of Participation will be issued to participants who
- Attend at least 75% of the course
- Undertake and pass non-credit bearing assessment during the course
Fee Structure
The full fee for this course is S$2,616.00.
| Category | After SF Funding |
|---|---|
| Singapore Citizen (Below 40) | S$784.80 |
| Singapore Citizen (40 & Above) | S$304.80 |
| Singapore PR / LTVP+ Holder | S$784.80 |
| Non-Singapore Citizen | S$2,616.00 (No Funding) |
Note: All fees above include GST. GST applies to individuals and Singapore-registered companies.
Course Runs
Leadership Development Programme
This course is part of the Leadership Development Programme. It is recommended to complete all the courses in the programme to attain a more comprehensive learning outcome.
For more information about the programme, please contact us here.
| Courses |
|---|
| Effective Self-Leadership |
| Effecting Change in Teams |
| Developing Ecosystem Leadership |
