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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

Thursday, July 24


Liliana Modiliani, a well-known Russian stylist, will talk about choosing clothes that fit during her lecture at 7 p.m. at the Pryamoy Efir art club, 13 Viborgskoe Shosse.



Friday, July 25


Discuss Russias economic and political prospects for 2014 during a Business Breakfast organized by SPIBA at 9.30 a.m. in the Bank Saint-Petersburg office at 64


Malookhtinsky Prospekt.


Start your weekend with adorable miniature pigs at the Squealing Pig festival at 7 p.m. this evening in the Karl & Friedrich restaurant, 15 Iozhnaya doroga, on Krestovsky Island.



Saturday, July 26


Hundreds of brand-new and retro cars, drag and drift shows, test drives and karting are planned for the Avtobum-2014 festival, which will take place in front of the RIO shopping center at 2 Fuchika Ulitsa.


Participants in todays SaniDay Summer competition will impress visitors with their hand-made, unusual and hilarious boats, which will race at the Igora Resort near the 54th kilometer on Priozerskoe Shosse.


Metro Family Day will include both serious lectures for adults and master-classes for children, making the event interesting for the whole family. To participate, come to Kirov Park on Yelagin Island.


Photography will be the focus of todays Photosubbota, which features lectures by famous photographers, meetings with photo schools and studio representatives, and participation in a photography competition. The event starts at noon at Petrokongress, 5 Lodeynopolskaya Ulitsa.


If you like cycling, make sure to visit the Za Velogorod Festival with its retro bike exhibition, market and live music. The second round of the Leningrad Criterium race will also take place during the event at Petrovsky Arsenal in Sestroretsk.



Sunday, July 27


Navy Day will be celebrated with a weapon and military transportation exhibition, self-defense master classes and concerts. The event starts at 1 p.m. in the 300th Anniversary Park of St. Petersburg.



Monday, July 28


Dont miss a chance to see the latest achievements in robotics during the RoboDom interactive show, exhibiting more than 150 robots. The show will be at BUM center, 22/2 Gzhatskaya Ulitsa, until Aug. 3. The entrance ticket costs 350 rubles ($10).



Tuesday, July 29


A video of a Queen concert from 1986 will be shown today at 8 p.m. in Yaschik, 50/13 Ligovsky Prospekt.



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