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Innovation for Growth: Strategies and Best Practices

DateLocationCostCourse
May 12, 2015 - May 15, 2015Philadelphia$8,000
Nov 02, 2015 - Nov 05, 2015Philadelphia$8,000

Program Overview

Competitive advantage and shareholder value depend on organic growth. It is critical to unlock the growth potential in every aspect of the organization — creating a business model for innovation.

Innovation for Growth is designed for senior executives who want to manage innovation to accelerate and sustain organic growth. Participants will gain new perspectives on their innovation strategy and how to bring the best opportunities to market, supported by a road map for securing the resources for innovation and mobilizing their organization.

Wharton’s world-class faculty and an accomplished group of innovation thought leaders provide inside access to what is working today — and tomorrow. Insights are drawn from ongoing research supported by the Mack Institute for Innovation Management at the Wharton School, a global research center in which faculty collaborate with business leaders to explore the strategies that allow firms to survive, compete, and thrive through innovation management.

Impact & Experience

Innovation for Growth shows you how to apply the latest thinking for continually creating new business models, improving customer experience, leveraging value propositions, opening new markets, and launching new products.

During hands-on workshops you will learn how to use the latest models, frameworks, and methods for:

  • Searching for innovation opportunities across the full-spectrum of growth pathways
  • Allocating resources to the portfolio of innovation initiatives
  • Applying design thinking to connect deep customer insights into what is needed with technology possibilities
  • Using innovation tournaments to surface the best opportunities
  • Using real options methods, fast prototyping, scenario analysis, and other tools for containing the risks of innovation
  • Accelerating the commercialization of innovations into the market
  • Building the organizational capabilities needed to realize the ambitions of the growth strategy

Who Attends This Program

Innovation for Growth is for business leaders who have a significant role in the innovation and technology strategies of the firm. Those who will find the greatest value in the program include:

  • Product and market development leaders
  • Managers of new businesses
  • CTOs and R&D directors
  • Chief Innovation Officers and senior executives responsible for driving organic growth and developing new businesses

To further leverage the value and impact of Innovation for Growth: Strategies and Best Practices,, we encourage companies to send cross-functional teams of executives to Wharton. We offer one of two exciting group benefits to companies sending four or more participants to this program.

Faculty

  • George Day

    George Day, PhD

    Faculty Director

    Geoffrey T. Boisi Professor; Professor of Marketing; Co-Director, Mack Institute for Innovation Management; Director, Emerging Technologies Management Research Program, The Wharton School

    Research Interests: Competitive strategies in global markets, strategic planning processesSee Faculty Bio

  • Roch Parayre

    Roch Parayre, PhD

    Learning Director

    Fellow, Wharton Executive Education, The Wharton School; Managing Director, Decision Strategies International, Inc.

    See Faculty Bio

  • Larry Huston

    Larry Huston

    Managing Director, 4INNO; Former Vice President of Innovation, Procter & Gamble

    See Faculty Bio

  • David Robertson

    David Robertson

    Practice Professor, Operations and Information Management Department, The Wharton School

    Research Interests: Innovation managementSee Faculty Bio

  • James Thompson

    James D. Thompson, PhD

    Co-founder and Director, Wharton Social Enterprise Program, The Wharton School

    Research Interests: Social entrepreneurship, building future markets, investment under conditions of high uncertaintySee Faculty Bio

  • Karl Ulrich

    Karl Ulrich, ScD

    CIBC Endowed Professor, Professor of Operations and Information Management; Vice Dean of Innovation, The Wharton School

    Research Interests: Environmental issues, product design and development, innovationSee Faculty Bio

Program Logistics

Tuition for Philadelphia programs includes lodging and meals. Prices are subject to change. Program consultants are available to provide more information on course specifics and discuss how this program might meet your needs. Please contact them by e-mail or by phone at +1.215.898.1776.

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Testimonials

"The innovation program was exceptional. It has allowed me to put structure and process around innovation. I have used the scenario planning several times and received great feedback from my team. It was simple, quick and extremely effective."
 — Jackie Larson, VP of Operations, accounts receivables management firm

"The innovation program was one of the best executive education seminars I have attended. It included big picture conceptual discussion to challenge executives to think beyond their existing innovation process, and also specific tools to evaluate your portfolio. I have used several of the tools to highlight strategic issues with our senior management team. In addition to good program content, the presenters were excellent, and responsive to the program attendees."
 — David VerNooy, Vice President, RDE, consumer products firm

"The innovation course provided me with several key insights that have been useful in filling out our innovation pipeline. We have been able to invigorate mature products with fresh, new looks at markets where they might be utilized. As a result we have an entire new business area. The tools brought back from the Innovation program were critical to identification of these peripheral opportunities. We were missing some obvious opportunities!!

"I can't say enough about the post course materials and follow up; it is truly an impressive program all around. I look forward to taking more Executive Education courses at Wharton in the future."
 — Alan Pape, Business Development Manager, Sartomer Company

"The Innovation program helped me and my company gain a better understanding of how to target innovation resources and improve processes to achieve the most impact (ROI). It instills a grounded view of innovation that goes beyond products and technology into organizational issues plus the design of innovation across our business.

"All facets of the program were exemplary, starting with a great introduction by George Day and Roche Parayre. Content by guest speakers such as Larry Huston created a unique perspective on how to make innovation really feasible. Finally, the back-end Innovation Portal has given students and teachers the added value of extending conversations and exploration of Innovation beyond the week and the classroom. I recommend that anyone interested in Innovation take this outstanding program."
 — Stephen Lines, Program Director, AstraZeneca

"The innovation program provided a comprehensive deep dive into the what, where, when, and how to do innovation in a tidy, compact package. The tools, speakers, and facilitators offered fresh perspectives into this growth driver for business. Perhaps the greatest impact involved consideration of The Who. Anyone can innovate in an organization, but depending on 'who' the innovator is determines the process necessary to go from an idea to an application. That exploration gave me as a learner the direction I needed to implement new models in the day to day work."
 — Fortune 500 Media Executive

"Having done my PhD in the US and currently living in Europe (Portugal) and working for an International Management Consultancy Company, this was just a great programme. In three days I was able to establish a network of contacts extremely useful for my daily activities in the innovation field. I also acquired a deeper understanding of the innovation concept. The course also has some very interesting practical examples. Is definitely worth taking it!!"
 — Sara Medina, Member of the Board, SPI

"Excellent program. The innovation program provided me with the necessary concepts and tools that I could take back to our organization and begin using immediately. There was a great balance between practice and theory and a solid mix of credible professors and industry experts."
 — Todd Leight, Director of Marketing and Sales, TEI Biosciences

"Having had access to world leading innovations research and researchers gave me insights which I did not think was possible in such short period of time. Growing the Top Line: Full-Spectrum Innovation Strategies broadened my perspectives on innovation and provided me the strategic tools and language which have served as key contributions to the innovation strategy work at Sony Ericsson."
 — Susanna Bill, Innovation Manager, Sony Ericsson

"Innovation itself is a quickly evolving area, and innovation courses should continue to evolve and challenge the old techniques. The fact that uncertainty or 'black swan' logic is incorporated into the mix here is a promising sign that this course, and more importantly this school, is itself innovative. NICE JOB!!"
 — Jay Lawson, VP/GM Stryker Craniomaxillofacial, Stryker


James Cowan is president of Neutrik USA, a subsidiary of Neutrik AG, the world leader in the design, manufacture, and marketing of audio, coaxial, power, and circular connectors. Although the parent company maintained that its top priority was to anticipate and fulfill future market needs, Cowan learned by coming to Wharton that his company's approach was not working. "We weren't listening to the needs of the market. Since we had an engineering-driven environment we assumed that we knew what the market needed, and then we would force those ideas onto the customers. I realized when I attended this program that if we continued to follow our current model, we wouldn't maintain growth."

When Cowan returned to his company, he presented many of the ideas he learned during the program to the board of directors, who enthusiastically embraced them. "As a direct result of attending Wharton's outstanding course and sharing its valuable lessons, we created a director of marketing position at our headquarters in Europe. Our new marketing director is providing greater focus on growing the company based on its core strengths. We're now reaching those in our market who didn't know about our products or our company."

Cowan strongly recommends Innovation for Growth: Strategies and Best Practices. "Not only did it give me the insights I needed to see what had to be changed, but the program taught me strategies for creating solutions. As a result, my company is much better positioned to maintain growth."

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