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Innovate in a Connected World. Learn about frameworks to manage and innovate in uncertainty
Instructors: Raj Echambadi
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Master the strategic fundamentals of innovation management, from analyzing market opportunities to implementing frameworks that help capture value.
Develop skills to transform ideas into viable ventures, including opportunity identification, business model development, and financial planning.
Enhance your own and others’ creative thinking abilities while building capacity to generate, evaluate, and effectively present innovative solutions.
Learn to lead diverse innovation initiatives by understanding team dynamics, fostering emotional intelligence, and navigating resource constraints.
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February 2025
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In a world characterized by volatility, uncertainty, complexity, and ambiguity, leaders require robust innovation skills. Thinking flexibly and developing an entrepreneurial mindset are critical to thriving in uncertain business environments. This specialization addresses how to recognize and question assumptions and constraints to identify and capitalize on opportunities. Learning to change the rules of the game by creating innovative value propositions and discovering new market positions for sustained competitive advantage are some of the actionable lessons in this specialization.
This specialization will be of value to both aspiring and practicing entrepreneurs as well as employees in established firms who are interested in becoming innovative leaders in an interconnected world.
This specialization is part of Gies College of Business’ suite of online programs, including the iMBA and iMSM. Learn more about admissions into the programs and explore how your Coursera work can be leveraged if accepted into a degree program here.
Applied Learning Project
Courses in this specialization include a mix of practice quizzes to self-assess understanding, graded quizzes to validate knowledge of the lecture materials, and peer review assignment to apply course concepts into real-word scenarios. These learning experiences build towards a cumulative learning outcome of developing the skills to innovate with new ventures and business models that capitalize on market opportunities.
Apply theories and frameworks toward the analysis and formulation of strategies for creating and capturing value through technological innovations.
Develop an ability to think strategically and make decisions under uncertainty and risk.
Develop skills in performing analytic research and preparing professional reports.
Develop skills in managing diverse teams and working under time and resource constraints.
Analyze innovations and their impact on organizations
Articulate a research-informed perspective on innovation.
Utilize frameworks, tools, and concepts to address challenges that arise in innovation.
Generate creative ideas and solutions more frequently.
Progress through the creative process more efficiently and systematically.
Generate more and better creative ideas.
Develop greater perseverance even in the face of rejection.
Enhance your understanding of the creative process so that you develop your skills at generating creative ideas.
Generate creative ideas by working effectively with other people.
Demonstrate understanding of how others might perceive and evaluate your ideas.
Generate creative ideas so that audiences are more likely to accept them.
Demonstrate an understanding of how entrepreneurs can develop new venture ideas.
Examine a potential market opportunity and evaluate its viability.
Demonstrate an understanding of the concepts of entrepreneurial leadership and team building.
Develop a plan for identifying and securing early adopter customers for a new venture.
Design a go-to-market strategy to approach initial customers.
Develop financial projections for the new venture.
Develop a plan for raising equity capital for the new venture.
Operate and monitor the new venture’s health and scalability.
The University of Illinois at Urbana-Champaign is a world leader in research, teaching and public engagement, distinguished by the breadth of its programs, broad academic excellence, and internationally renowned faculty and alumni. Illinois serves the world by creating knowledge, preparing students for lives of impact, and finding solutions to critical societal needs.
This Specialization is part of the following degree program(s) offered by University of Illinois Urbana-Champaign. If you are admitted and enroll, your completed coursework may count toward your degree learning and your progress can transfer with you.¹
This Specialization is part of the following degree program(s) offered by University of Illinois Urbana-Champaign. If you are admitted and enroll, your completed coursework may count toward your degree learning and your progress can transfer with you.¹
University of Illinois Urbana-Champaign
Degree · 2 – 3 years
¹Successful application and enrollment are required. Eligibility requirements apply. Each institution determines the number of credits recognized by completing this content that may count towards degree requirements, considering any existing credits you may have. Click on a specific course for more information.
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Time to completion can vary widely based on your schedule, most learners are able to complete the Specialization in 3-6 months.
No background knowledge is necessary for this Specialization.
It is recommended that the courses in the Specialization be taken in the order outlined.In the Capstone Project, you will have the opportunity to synthesize your learning in all courses and apply your combined skills in a final project
Courses on Coursera do not carry University of Illinois credit on their own. Each iDegree course has an enhanced for-credit component. You can earn academic credit if you combine an open online course with the enhanced for-credit component offered on the University of Illinois platform. To learn more visit https://giesbusiness.illinois.edu/graduate-hub/online. Some universities may choose to accept Specialization Certificates for credit. Check with your institution to learn more.
You will be able to develop an entrepreneurial mindset and understand how to manage and innovate in uncertainty.
You will be able to understand when, why, and how to think creatively.
You will be able to assess the feasibility of a new venture and the diversity of challenges involved.
Each course in the Specialization offers regular and open enrollment. You can begin and complete the course on your own schedule.
Please find more information at https://www.coursera.org/course/imba and http://onlinemba.illinois.edu/, or email your questions to onlineMBA@illinois.edu.
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. If you only want to read and view the course content, you can audit the course for free. If you cannot afford the fee, you can apply for financial aid.
This course is completely online, so there’s no need to show up to a classroom in person. You can access your lectures, readings and assignments anytime and anywhere via the web or your mobile device.
Please find more information at https://giesbusiness.illinois.edu/graduate-hub/online or email your questions to giesonline@illinois.edu
If you subscribed, you get a 7-day free trial during which you can cancel at no penalty. After that, we don’t give refunds, but you can cancel your subscription at any time. See our full refund policy.
Yes! To get started, click the course card that interests you and enroll. You can enroll and complete the course to earn a shareable certificate, or you can audit it to view the course materials for free. When you subscribe to a course that is part of a Specialization, you’re automatically subscribed to the full Specialization. Visit your learner dashboard to track your progress.
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.