Operations, Innovation, and Technology II

Catalog description

This course is the second part of the two-quarter course series (OIT 280 & OIT 281) and expands on the learnings developed in Part I: OIT 280. Students will learn how to structure business models and innovation processes and will apply the frameworks in a team project. A team project on an innovation challenge selected by students will provide a real world experience applying these frameworks. We encourage diverse innovation challenges that could lead to one of the following: a concept for a new venture, a critical evaluation of an existing business model with a recommendation for a change, a critical evaluation of operational processes for an existing organization with recommendations for changes. Students will develop a project proposal as part of OIT280 and they will launch and implement the project in OIT281. In addition, students will examine through a series of case studies how organizations develop operating models that implement innovative business models and integrate operations, innovation and technology. Key Topics: business model analysis and design, design thinking, lean startup, precedent-based innovation, technology readiness level assessment, AI and 3D printing, value chain innovation, innovation process applications.