Selecting the right innovative ideas - Prof Stelios Kavadias, Cambridge Judge Business School

A recent session at Cambridge Judge Business School outlines the key steps needed to ensure effective selection of innovative ideas.

 

A recording of the event highlights some of the innovation elements that are taught and discussed during the School's executive education innovation flagship programme: Making Your Organisation Innovative; leading and leveraging the innovation potential, 7 - 12 December 2014.

This programme offers a deep exploration of innovation management and engagement with two senior faculty members  – enabling you to consolidate,refresh and sustain knowledge around innovation management and helping you to develop a customised action plan for innovation improvements. Read further programme and enrolment details.

Session overview

One of the major challenges faced by organisations pertains to their ability to select and execute on the right ideas among the many that come under their product portfolio radar. Examples abound with one very well-known and extremely characteristic: Xerox was able to come across the first user interface for computers, but it was Steve Jobs' Apple that made a name out of it. So what makes some organisations select and focus on the successful ideas and some others miss out on great opportunities?

This brief session aims to offer key steps that ensure an effective selection process. Such a selection process bridges the organisational strategic vision with the underlying execution capabilities and achieves the best portfolio of innovation projects. We will outline the basic building blocks of this process with the use of well established managerial frameworks that have been applied across various industries.

Faculty background

Professor Stelios Kavadias serves as an Associate Editor for Management Science's Entrepreneurship and Innovation department, and as the Department Editor for the R&D, New Product Development and Project Management department of Production and Operations Management. At Georgia Tech's Huang Executive Education Center he regularly contributed to open enrolment and custom executive programmes on innovation and project management, and was the Academic Director of their GE Energy PLMP programme.

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