Idea Development

This course is a part of Corporate Innovation, a 5-course MicroMasters series from edX.

To create and bring to market innovative ideas, entrepreneurs invest substantial resources in their creation without being certain their idea will be successful. How do entrepreneurs manage this process? What strategies do they use? What role does the innovativeness of their ideas play in the strategies they adopt? How do they maintain motivation when faced with setbacks?

In this course, we tackle these questions by focusing on:

Types of innovations and their market impact;

The importance of taking action, knowledge, learning and resources in the creation of innovative ideas;

How entrepreneurs make strategic decisions under uncertainty;

The Management of intellectual property; and

Maintaining motivation in the face of setbacks

By drawing on the case of Google Glass, their own experiences and ideas, students are encouraged to synthesize knowledge from each Module to gain an in-depth understanding of the complexity of innovation process.

What you'll learn

• How to come up with innovative ideas you are uniquely position to create and bring to market
• Strategies for managing uncertainty in the creation and implementation of innovative ideas
• How to learn from setbacks and maintain the motivation to persevere when experiencing them
• How ideas and other forms of intellectual property can be protected.