Business Innovations in Business Education Start with You (and Us)

There has been much talk recently about the importance of business innovations. And companies are taking notice, many even adding a new role in the c-suite called chief innovation officer (CINO) who is responsible for managing the process of innovation.

According to the infographic below, 61% of CEOs worldwide say that innovation is a priority or a primary focus within their businesses. Although challenges of innovation often include budget constraints, resource constraints (time and people) and a lack of structured innovation processes or procedures, there are several ways to promote innovation in an organization.

5 Most Important Ingredients for Successful Business Innovations:

  1. Culture – Having the Right Culture to Foster and Support innovation (57%)
  2. Strong Visionary Leadership (44%)
  3. Willingness to Challenging Norms and Take Risks (37%)
  4. Ability to Capture Ideas throughout the Organization (31%)
  5. Capacity and Capability for Creativity (31%)

But how can innovation be taught?

Business innovations start with innovations in business education. In response to the need for more innovative business professionals, today you will find more innovation in MBA programs.

Creating something new or different, innovating, might seem like a straight-forward idea, but teaching innovation is often difficult. At Mason, business students benefit from Mason’s Center for Innovation & Entrepreneurship. The center offers students experiential learning through academic programs. With great programming, events, and networking, the Center for Innovation & Entrepreneurship helps students gain the skills they need and also helps students develop their ideas into reality.

Mason’s MBA program takes great pride in offering students an innovative curriculum designed with the future of business in mind.

Located in the metro Washington, D.C., area, George Mason’s MBA Program prepares the next generation of business leaders through a rigorous, stimulating business and management curriculum based on a global perspective, industry demand, and leadership. It prepares MBA graduates with the skills they need to pursue the careers they want.

Mason’s MBA program is ranked #74 on the “Best Part-time MBA” list by U. S. News & World Report. Dedicated career services staff offers personalized career consulting services to students during the MBA program and alumni after graduation.

Take a look at the infographic below to learn more about business innovation.

business innovations infographic

Source: Mindjet

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Paige Wolf

As director of graduate programs at George Mason's School of Business, my vision is to have a vibrant, collegial community of active learners who develop enduring professional relationships with faculty, staff, and fellow students while pursuing their degrees. Prior to this position, I spent 11 years with the School of Business as an associate professor of management teaching both MBA and undergraduate courses in organizational behavior and human resource management. I have more than 16 years of experience as an internal and external consultant on strategic human resource initiatives including team building, organizational development, competency modelling, performance management, employee selection systems, career planning, employee training and development, leadership assessment, and human resource audits.

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