26824 Innovation Lab

Description

In this subject, students learn to respond to challenges and opportunities for innovation across multiple industries and contexts, spanning large established organisations and SMEs. Students learn to identify key megatrends – technological, market, economic, environmental and social forces influencing organisations, industry sectors and society. They explore how open innovation and digital technologies can be harnessed to develop business models that address these megatrends, and drive breakthrough change in existing and insurgent enterprises. To do so, students work collaboratively to apply a range of analytical frameworks and tools to discover innovation opportunities and generate solutions and strategies to real-world problems. They gain the ability to conceive, organise and execute transformation in organisations through open innovation mechanisms such as crowdsourcing, co-creation, digital platforms and ecosystems. Students also learn how to craft a compelling narrative about strategic innovation and transformation.