Innovation & Entrepreneurship
That innovation and entrepreneurship constitute the key drivers of organizational formation, growth and competitive advantage is widely recognized. Less known is the fact that because innovation and entrepreneurship processes occur in extremely uncertain and turbulent contexts, they have to be managed differently from "business-as-usual", requiring managers to learn and practice a different set of skills and tools.
Building on the preceding Value Creation modules, this concentration focuses on how to achieve successful growth through the development of new ventures, new business models and processes, and new products and services. These are mandatory areas not only for start-ups, but they are also increasingly core business areas for large, established firms striving to continuously renew and reinvent themselves through corporate venturing, spin offs, and radical transformation programs. In this concentration, you will hone your ability to act and take decisions when change is rapid, the output is ill defined, activities transcend traditional organizational boundaries, and cause-and-effect relationships are exponential. A sound theoretical foundation of innovation and entrepreneurship models and frameworks will enable you to not only deeply understand current technological, societal, and other trends but also to solidly predict how these trends will disrupt and transform processes, companies, industries, and even our lives.
Innovation and entrepreneurship will also characterize the pedagogy of this concentration. We will "walk the talk" by using new learning technologies and best practices from emerging educational institutions, e.g., accelerators, and by addressing real live challenges presented by prominent people from the business community. The innovative spirit of Stockholm and its vibrant entrepreneurial ecosystem offer a perfect setting for this concentration.