Module 1: Strategies for Innovation
Module 1 explores different techniques for generating and developing ideas, and transforming these ideas into viable business concepts. The module will examine different stages of product development, from idea generation to market testing. Although the primary focus of the module is on physical products, much of the material is also relevant for the design of new services. The class will challenge students to utilize design thinking — a non-linear, iterative process that teams use to challenge assumptions, redefine problems and create innovative solutions. Finally, the module will explore the organizational learning theory; commonly described as a process of developing, retaining and transferring knowledge within an organization.
Innovation, Product Development
This session will introduce and explore innovation, idea generation and product development. Over the past 100 years, there have been many attempts to understand the creative process that occurs when we are attempting to solve problems. This module will explore some of those attempts while exploring how to turn ideas into a viable business.
Design Thinking, Learn Start-up
This session will discuss and practice the five phases of design thinking — empathize, define, ideate, prototype and test— with the goal to tackle real world problems. Students will develop an understanding of the design process and how it can be applied in a variety of business settings.
Organizational learning theory is commonly described as a process of developing, retaining and transferring knowledge within an organization. Using real world examples, this session will explore different ways of managing firms. In addition, we will ground much of our work on designing the high school of the future using organizational learning as the foundation.
Module 2: Smarter Insights With Financial Analytics
This module will provide a look into the financial management functions of a business entity for both internal and external users. Using real world data, an experiential online simulator and discussions with professionals in the field, participants will learn how to read the financial results from business operations. Participants will then apply this information to benchmark and assess the firm’s success, and understand strategic options for profit and cash control.
Understanding the Annual Report
In this session, we will discuss the roles of the financial manager and accounting professional within a company, both internally and externally. Participants will then review what goes into an annual financial report and the major financial statements, and investigate a real-world company’s information through hands-on research and application.
Financial Key Success Indicators
In this session, we will review financial statements and other key data to evaluate a firm’s results and learn how the information can support the various users of financial information. We will use spreadsheet basics and analytics from real-world companies and their related industries to perform assessments and understand financial strategy.
Revenue, Costing and Cash Strategies
In this session, we will explore decision making relevant to revenue generation, including pricing strategies and costing options. We incorporate organizational case studies related to income and expenses and look further into the importance and impact of cash flows.
Module 3: Creative Problem Solving
Now more than ever, it is important that business leaders and tomorrow’s workforce prepare for, adapt to and embrace the changing business environment. Change management organizations recognize workplace culture and values alignment, expanding diverse perspectives, and collaborative virtual teams as replacements to the more traditional models of business. It important that students are equipped to embrace these workplace shifts.
This module will explore the evolution of organizational leadership and its impact on problem solving, decision making, organizational culture and people-centered thinking. Students will discover how to strategically plan for and make better, ethics-driven decisions, how to effectively perform in team environments and how to discover a leadership style that resonates with their personal employee or subordinate style.
Decision Making Approaches
In this session, students will explore the decision-making processes that lead to effective problem solving. Critical thinking skills will be developed to better understand the changes in today’s business environment. Students will apply these strategies to their own lives to develop skills for both simple and complex problem solving going forward.
In this session, students will explore leadership styles and their impact on an organization’s culture. An understanding of personal values and attitudes will lead students to better understand the style and culture that will create the greatest growth and learning for their own lives.
Understanding Ethical Perspectives
In this session, students will discuss and apply the multiple perspectives through which ethical situations can be viewed. This fundamental principle helps explain the importance of recognizing that not everyone sees a situation through the same lens. Students will be encouraged to consider this through practical application and discussion.
* Instructors may assign small pre and post-work assignments to students to enhance their learning. Sufficient time will be provided to complete any tasks needed ahead of time for a course.