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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

Wednesday, Oct. 1


The St. Petersburg International Innovation Forum 2014 kicks off today at Lenexpo, where it will be presenting the latest and greatest ideas until Oct. 3. Focusing on economic development and the decisions and measures necessary to encourage development in Russias most important industries, the event is a possibility to discuss the innovations currently available in a variety of fields.


Representatives of the Russian and international media industries arrive in St. Petersburg for the first ever International Media Forum being hosted by the city until Oct. 10. With a variety of events on tap, including workshops, lectures and film screenings, the event plans to reemphasize the citys reputation as the countrys culture capital and as an emerging market and location for the visual arts.



Thursday, Oct. 2


The celebration of the bicentennial of the birth of Mikhail Lermontov continues with todays free exhibition in the citys Lermontov Library at 19 Liteiny Prospekt. Titled Under the Rustling Wings, the temporary exhibition will feature the costumes and scenery used in the 1917 production of Lermontovs play The Masquerade, which he wrote in 1835 when he was only 21 years old.



Friday, Oct. 3


Learn more about how to manage and evaluate employee performance during SPIBAs Human Resources Committee meeting this morning on Employee Assessment: Global and Local Trends. Starting at 9:30 a.m., the discussion will touch on such topics as the partnership between HR and business, reliable assessment strategies and more, with Tatiana Andrianova, the head of the SHL Russia and CIS branch in St. Petersburg, as the featured guest. Confirm your participation by Oct. 2 by emailing office@spiba.ru or calling 325 9091.


AmChams Procurement Committee Meeting is at 9 a.m. this morning in their office in the New St. Isaac Office Center on Ulitsa Yakubovicha.



Saturday, Oct. 4


Wine and cheese lovers will get their chance to revel during Scandinavia Country Club and Spas Wine Market Weekend. Going on today and tomorrow, wining diners can listen to live music, take part in culinary classes and, of course, sample a variety of fine wines from around the world. The cost of admission is 400 rubles ($10.30) for adults and 200 rubles ($5.15) for children.



Sunday, Oct. 5


Look for the latest fall fashions at the Autumn Market today in Freedom Anticafe at 7 Kazanskaya Ulitsa. The minimarket plans to offer clothes more flattering than the puffy jackets that are a staple of the citys cold-weather fashion, while offering the same amount of protection from the biting winds blowing off of the Baltic.



Monday, Oct. 6


SKA St. Petersburg, the citys KHL affiliate, welcomes Slovakian club HC Slovan in a match-up tonight at the Ice Palace near the Prospekt Bolshevikov metro station. The puck drops at 7:30 p.m. and tickets can be purchased on the clubs website or in person at either the arenas box office or the clubs merchandise store on Nevsky Prospekt.



Tuesday, Oct. 7


Learn more about Russias energy industry at the St. Petersburg Energy Forum that begins today and runs through Oct. 10. Attracting industry experts and political and business representatives, the forum plans to welcome more than 350 plus companies and their representatives to discuss the future of Russias largest economic sector.



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