When it comes to being successful today, innovation and entrepreneurship have a major role to play. Whatever might be the field, no longer being a cog in the constant turning of wheels will pave the way to success. Instead, combining an ability to see and predict needs before they arise and being able to ensure that it reaches the right demographic is what is most vied for.
Innovation is a change that adds value to an existing concept, product, idea, or service. In comparison, entrepreneurship is often taking more risks that are normally considered feasible towards a goal, which is more than just financial success. The top three schools that lead way are:
IE Business School
Founded by entrepreneurs, it comes as no surprise that IE has a curriculum and culture that is set apart from the norm. It was one of the first schools to incorporate the study of humanities to promote lateral thinking. Also, the study of humanities helps better understand the social and cultural aspects of business along with the financials. It has a strong focus on innovation and entrepreneurship, with an emphasis on technology such as AI, blockchain, and fintech. The school continues to promote new ideas to provide exceptional education.
With a wide variety of electives and core subjects to choose from, the INSEAD MBA program allows students the freedom to focus on aspects of innovation. It aims to work on innovative and entrepreneurial business models with attention to humanitarian research, corporate social responsibility, and ethics. Based on INSEAD’s expertise in this field and the growing demand for more information, it has an entire section devoted to innovation. INSEAD is constantly researching on the subject to understand innovation and its impact on business better.
MIT Sloan School Of Management
Enjoying strong ties with MIT, the Sloan School of Management, is highly regarded as an exemplary institution. One key feature is the Entrepreneurship and Innovation track of its MBA program. Not only do prospective MBA students mention it in their applications, but it is also always fully subscribed. Sloan also aims to provide students more free time to pursue electives by reducing the number of compulsory subjects. One of the tools applied by Sloan to promote innovation and entrepreneurship is action learning, wherein learning by students in the classroom is measured by their learning by actual field experience.
Entrepreneurship and innovation were often considered a gift that only a select few were born with, while the rest of the mere mortals could only hope to aspire to such greatness. But increasingly, science and modern schools have disproven this long-held erroneous belief. By creating such vibrant and thriving amalgamation points of knowledge, these institutions have made available both the skill sets within the reaches of whosoever has the drive and the diligence to pursue it.
All three schools have programs that are supported by an environment that nurtures and encourages such thinking. Today more than ever, more such institutions are required to foster minds that bring innovation and entrepreneurship together.