The Managing Innovation Strategically programme is essentially an overview course, which familiarises the participants with important aspects of innovation. For example, why is innovation so difficult? This is certainly borne out by experience.
For example, if we compare the Fortune 500 lists from 1955 to 2014, only about 61 companies remain on that list or are common between the two lists. 88% of those companies have died away because at some point or the other they stopped innovating. Or they have fallen off the list itself.
50 years ago, the life expectancy of a firm in the Fortune 500 was around 75 years, believe it or not. Today it’s less than 15 years and declining all the time. So there is no other way but to innovate if you want to stay successful.
Another question that we will be discussing in this course is where do innovative ideas come from? Do we sit in a room and think those up? Or do we actually mine the data that we glean and collect from the market for those? Are you using your customers for new insights? How are you going about looking for new markets?
We are also going to discuss how you are processing these innovative ideas within the company. What is your resource allocation mechanism within the portfolio of innovative ideas that you have? How many new ideas are you processing? How do you philtre to them? On what basis?
How do you come up with business model innovations or disruptive innovations, which throws everyone else in the industry off? And then once you have come up with the new business model, how do you operationalise it? And a whole lot more questions.
So the reason the programme is called Managing Innovation Strategically is because we do not just confine ourselves to discussing ways in which one can create value within a firm. Rather, we go on to teach how to capture that value too. Not every firm is able to capture the value that they’re able to create. That is why it is important for innovation to be paired with strategy at all times.
What makes this course unique are a number of things. First, this course brings you right to the heart of one of the largest and most innovative ecosystems in the world, the Cambridge Science Park, or Silicon Fen. This is where some of tomorrow’s most disruptive and defining ideas are being developed.
Secondly, both Stelios and I, the two instructors on the programme, have worked in this area for a long time and have published a lot of research on the topics that we are covering in this programme. You can find some of these on YouTube or in other places. Third, the combination of value creation and value capturing makes this a complete package.
Overview
Sustained innovation is a necessity for businesses to thrive – and survive.
However, for most firms, the strategies and processes associated with innovation remain vague and not professionally managed. As a result, most firms are unable to innovate and thus create new value. Amongst those who can create new value, few are able to capture it.
In this unique programme, we will learn why firms struggle to create and capture new value. We will share a number of concepts on how to implement innovation in your organisation and develop a set of practical tools and concepts that you can apply to your business.
Why is it unique?
This is the only programme in Europe from a major business school where you can experience a live course in English with face-to-face interaction with both faculty and your peers.
The programme is taught by Dr Kamal Munir and Professor Stelios Kavadias, two leading experts in the field of innovation.
Why Cambridge?
Cambridge Judge Business School offers a distinctive approach born out of the University of Cambridge way.
- The programme draws up on cutting-edge academic research, as you would expect from a business school with 19 research centres.
- The University of Cambridge has always emphasised smaller class sizes for maximum interaction and focused effort between world-class faculty and top-quality participants. Cambridge Judge is no exception. This makes your experience here one of unrivalled quality and relevance.
- Our programmes may be shorter, we aim to maximise the use of your time – you will likely be stretched as you have never known; that is the Cambridge way.
Topics
- Understanding why organisations are unable to sustain innovation
- Using and harnessing the power of your customers to innovate effectively
- Making you and your organisation more creative
- Creating a portfolio of innovation projects
- Managing innovative development projects
- Disrupting your competitors with innovative business models
- Operationalising new business models
- Capturing the value you have created
- Developing complementary assets to capture value
- Enhancing your product’s success in the market.

Benefits
You’ll learn from outstanding faculty and associates of Cambridge Judge Business School and gain a truly international experience from your global peer group.
On completion of this practical and fast-paced programme you will:
- Have the tools and techniques of managing innovation
- Be able to apply innovation in your organisations to enhance performance
- Identify process from innovation to create competitive advantage
- Understand the factors required to support creativity and innovation
- Understand the innovation implementation process and how best to organise innovation.

This programme counts towards the Cambridge Judge Business School General Management Certificate of Achievement and the Cambridge Judge Business School Innovation Management Certificate of Achievement.

Who should attend
- Leaders interested in creating an innovative organisation
- R&D executives
- Marketing managers involved in innovation
- Strategy managers looking for new business models
- Anyone wanting to learn about new product/service development.
Data taken from the 2017 Managing Innovation Strategically class.
Faculty & speakers
Stylianos (Stelios) Kavadias
Margaret Thatcher Professor of Enterprise Studies in Innovation & Growth
PhD (INSEAD)
Kamal Munir
Reader in Strategy & Policy
PhD (McGill University)
Dates & fees
Dates |
Duration |
Fees * |
---|---|---|
14-15 October 2021 |
2 days |
£2,500 + VAT |
VAT is charged at the prevailing rate, which is currently 20%; e.g. £2,500 + 20% = £3,000.
* Fees include instruction, materials, lunch and breaks. Preferential rates may be available for groups, University of Cambridge alumni and members of the School’s Alumni Association. Please note prices pre-registration are subject to change.
For information regarding payment terms, cancellation rights, transfer policies and fees, please see our terms & conditions documents:
Terms & Conditions for Self-funded Applicants (pdf, 277KB) (updated 4 September 2019)
Terms & Conditions for Organisation-funded Applicants (pdf, 295KB) (updated 4 September 2019)
Registration closes at midday two working days before the programme start date.
Participants are expected to attend the full programme.
Please ensure that you have read our Frequently Asked Questions, which provide important additional information about our face-to-face programmes, in particular during the COVID-19 pandemic.
If you have any questions or would like to have a chat about this programme and how it could benefit you or your organisation, please get in touch with the programme advisor:
Claire Wright
Business Development Director
Open Programmes
Tel: +44 (0)1223 330741
Mob: +44 (0)7548 708067

Version 7 (22 October 2020)