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Innovation Dominates MBAs

Published: September 26, 2012 (Issue # 1728)



  • The interior of Cambridge Judge Business School reflects its focus on innovation.
    Photo: FOR SPT

In an economy in which businesses have to keep moving in order not to sink below the surface, innovation is the new buzzword in business education programs.

The number and variety of courses offering to teach students how to be innovative in business is increasing rapidly, with such programs being incorporated into the courses offered by traditional universities and business schools with well-established names around the world.

Traditional European and American business schools are keeping pace with the trend by opening innovative divisions in countries such as Singapore, China and India: Asian business schools are becoming more and more popular among students due to the rapid economic growth and development of markets operating in innovative spheres in the region.

Interestingly, innovators are in high demand not only among tech companies and creative industries, but also among traditional financial institutions and government organizations, as new approaches to business, development and commercial ideas are essential for any business nowadays.

Programs in business innovation are very popular now, said Anastasia Romanenko, chief marketing officer at Insight Lingua, a company specializing ineducation abroad. Business is a very changeable sphere, and education should always be adjusted to new realities.

Key skills that can be learned by enrolling on innovative programs include how to better manage ideas and knowledge, make strategic decisions and adjust to changeable business realities.

The majority of programs in innovation are offered at postgraduate level, but there are a lot of short courses designed for acquiring specific qualities and skills or developing a creative mind, Romanenko said.

Stanford Graduate School of Business, which heads the 2012 Financial Times Global MBA Ranking, offers an academic program titled Powering Innovation Entrepreneurship that provides exposure to both the fundamentals of business and the practical aspects of identifying, evaluating, and moving business ideas forward. Program participants can choose their campus either Stanford, Singapore or Beijing.

Stanford Ignite (an academic program for those developing and commercializing ideas) gives graduate students and graduates in non-business fields the management knowledge and skills they need to become leaders in established and start-up organizations, says Dean Garth Saloner on the schools website.

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ALL ABOUT TOWN

Saturday, Nov. 1


The men and women who dedicate their lives to fitness get their chance to compete for the title of best body in Russia at todays Grand Prix Fitness House PRO, the nations premier bodybuilding competition. Not only will men and women be competing for thousands of dollars in prizes and a trip to represent their nation at Mr. Olympia but sporting goods and nutritional supplements will also be available for sale. Learn more about the culture of the Indian subcontinent during Diwali, the annual festival of lights that will be celebrated in St. Petersburg this weekend at the Culture Palace on Tambovskaya Ul. For 100 rubles ($2.40), festival-goers listen to Indian music, try on traditional Indian outfits and sample dishes highlighting the culinary diversity of the billion-plus people in the South Asian superpower.



Sunday, Nov. 2


Check out the latest video and interactive games at the Gaming Festival at the Mayakovsky Library ending today. Meet with the developers of the popular and learn more about their work, or learn how to play one of their creations with the opportunity to ask the creators themselves about the exact rules.



Monday, Nov. 3


Non-athletes can get feed their need for competition without breaking a sweat at the Rock-Paper-Scissors tournament this evening at the Cube Bar at Lomonosova 1. Referees will judge the validity of each matchup award points to winners while the citys elite fight for the chance to be called the best of the best. Those hoping to play must arrange a team beforehand and pay 200 rubles ($4.80) to enter.



Tuesday, Nov. 4


Attend the premiere of Canadian director Xavier Dolans latest film Mommy at the Avrora theater this evening. The fifth picture from the 25-year-old, it is the story of an unruly teenager but the most alluring (or unappealing) aspect is the way the film was shot: in a 1:1 format that is more reminiscent of Instagram videos than cinematic art. Tickets cost 400 rubles ($9.60) and snacks and drinks will be available.



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