Chairman’s Corner: Furthering Innovation in Sub-Saharan Africa

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After exactly a decade, GBSN returned to Nairobi for its 13th Annual Conference on November 7 – 9, 2018. The conference, co-hosted by Strathmore Business School and the Chandaria School of Business, USIU focused on how innovation, collaboration and entrepreneurship can transform business. Over 100 management education, development and industry professionals from 34 countries convened to explore innovations in education and business. The GBSN conference provided me with a perfect setting for speaking about the innovation successes and challenges of Africa. For over a decade I have been editing the Global Innovation Index (GII) Report (www.globalinnovationindex.org). Extending beyond the traditional … Read More

Education is Critical in Innovation

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On November 7 – 9, 2018, the Global Business School Network held its 13th Annual Conference on “Transforming Traditional Sectors: Educating Entrepreneurial Leaders to Drive Systemic Change” co-hosted by Strathmore Business School and the Chandaria School of Business, USIU. The conference, held in Nairobi, Kenya, focused on how innovative, interdisciplinary and collaborative ways of educating entrepreneurial leaders can transform traditional sectors, including Mining & Oil, Agriculture, Tourism and Healthcare. The conference was sponsored by MIT Sloan School of Management Global Programs, Monash Business School and Johnson & Johnson. Nicolas Nesbit, General Manager of IBM East Africa, opened the conference with his inspiring … Read More

The Innovation Process: A Socio-Cognitive Analysis

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Nowadays, innovation is a key dimension in the performance of business organizations. In contexts that are more and more dynamic and competitive, and where clients have become more demanding, firms need to distinguish themselves by developing new products and services, and/or improving their processes to gain in terms of productivity. Through innovation, they are asked to build a competitive advantage by meeting new expectations from customers and entering new markets or adopting more effective practices and technologies. For organizations, it is a matter of survival. Innovation gives them an effective solution to deal with sectors convergence, technological dynamism and market globalization. For entrepreneurs, innovation is the key factor to overcome market barriers and create new value or new industries. As Peter Drucker (1985, p. 19) stated: « Innovation is the specific tool of entrepreneurship, the means by which they exploit change as an opportunity for different business or a different service.».

Fulbright Specialist Program Offers Opportunity to Two GBSN Members

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Cambodia has over 100 universities that offer MBA programs, which has led to an increase in competition and a decline in enrollment at the National University of  Management in Phnom Penh. Aside from standard university rivalry; many companies are establishing similar business programs for consumers (i.e banks offering programs in finance and banking). To differentiate itself, NUM was looking to develop a new Master’s Program in Management & Innovation.  Developing this specialized master’s program was ideal due to vast changes happening in the region and rise of interest in entrepreneurship. GBSN hosted a Cross-Border Coffee Break: Fulbright Specialist Program Offers Opportunity … Read More

Business Schools Encouraging Innovation

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I want to pay tribute to Professor Soumitra Dutta, Dean of Cornell’s SC Johnson College of Business on the occasion of the 10th anniversary of his brainchild, the Global Innovation Index (GII), a project he launched at INSEAD, another GII partner, joined later by WIPO, the World Intellectual Property Organization. Professor Dutta is a longtime friend of GBSN. Capturing innovation systematically across geographies and over time is a daunting proposition. The Index captures “inputs” of innovation as well as “outputs.” Inputs include institutions (the political, regulatory and business environment), human capital and research, infrastructure (such as ICT), “market sophistication” (credit, … Read More

Wilfrid Laurier Officially Opened the New Lazaridis School of Business and Economics

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The new center will be instrumental in attracting, maintaining and supporting the local technology sector for today and tomorrow. Wilfrid Laurier students will now be attending the Lazaridis School of Business & Economics at the newly named facility, Lazaridis Hall. Through its innovative design and cutting-edge technological capabilities, Lazaridis Hall will cultivate Canadian business education for a global economy compelled by innovation and entrepreneurship. The vision behind Lazaridis Hall is to create an “active learning building” that offers a revolutionary practice of collaborative education. Designed for student collaboration, the technology that supports active learning will allow Wilfrid Laurier students to … Read More

Additive Manufacturing and Design Thinking: Two Cutting Edge Approaches to Business Education

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Encouraging student connections to the “real world” is at the heart of pedagogical creativity. I was fortunate this month to learn about two approaches, one at the Darden School of Business (University of Virginia), the other at Umeå School of Business and Economics, both members of GBSN. Darden’s Professor Jeanne Liedtka ran a GBSN webinar on the Design Thinking, which is defined as “a human-centered innovation process that emphasizes observation, collaboration, fast learning, visualization of ideas, rapid concept prototyping, and concurrent business analysis.” If that sounds forbidding, think of students starting by trying to understanding people’s needs, discovering new possibilities, … Read More