This interactive assignment is designed to give you an opportunity to experience real-life innovation management dynamics and apply key concepts that you acquired as part of this course. In a simulation environment, you will be asked to act as a president of a company faced with key decisions required to manage innovation in support of organizational strategy. This experience provides rich learning opportunities and promotes deeper understanding and internalization of the skills that you gained. This is an excellent tool to strengthen your knowledge of what is involved in end-to-end innovation program management and apply the skills that you learn in a simulated real life environment. I strongly encourage you to actively participate and get engaged in it. Last, but not least, enjoy and have fun!

 

Process Steps

1. Prepare: Preparation is essential for successful completion of the Simulation. Students who are able to successfully compete the simulation tend to be the ones who took time to prepare. Before running the scenarios please make sure to watch the introductory video and read the background information.

2. Practice. I believe that running the simulation multiple times and trying different strategies will provide additional opportunities for learning. Therefore, I will set the simulation to let you do 3 trials. Please take advantage and try different things. Use this opportunity to learn (even if you manage not to get fired on your initial run). Allocate enough time to do it.

3. Final run: Please run the simulation as a group. Discuss key decisions as a team leveraging your learnings from previous runs. One person from the team has to run it. (Include the team member who ran “the teamвЂк run in your paper). Please note: it is important to get good results, i.e. maximize your performance without being fired. The grading rubric takes into consideration completion of the simulation (i.e. learn during your practice runs and donвЂTMt get fired пГЉ)

4. De-brief: once the final run is completed, discuss as a team what strategies worked, what did not and what the key learnings of the activity were.

5. Write-up: Write a short paper (2-3 pages), including the following:

a. Key challenges introduced by the Simulation

b. Your results

c. Strategies / decisions that worked well

d. Strategies / decisions that did not work

e. Summary of your learnings / take-aways

f. Feedback about the assignment (let me know if you liked or disliked the assignment, did you find it useful, would you recommend it for subsequent sections. Please be candid in your response).

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Status NEW Posted 07 Jul 2017 04:07 AM My Price 9.00

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