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Home>MBA Rankings>Innovation is in Demand with MBA Employers Worldwide
Innovation is in Demand with MBA Employers Worldwide
Innovation is in Demand with MBA Employers Worldwide main image
The QS Global 200 Business Schools Report lists the world’s top schools for employer reputation in ten subject specialization areas. Nicole Willson speaks to some of the leading schools in this year’s ranking for innovation.
This year’s QS TopMBA.com subject specialization ranking for innovation is made up of schools from 15 different countries. The international diversity of the schools included in the ranking demonstrates that innovation is a priority for companies across the globe.
When asked why innovation is such a priority for companies, Dr. Janet Shaner, IMD’s director of MBA program design and delivery, responded, “Companies must innovate or die. This is even more important in today’s fast-changing environment, and companies must continue to develop innovative ideas and implement them effectively in order to survive and stay ahead of the competition.”
Since companies require innovation in order to survive and grow, Dr. Shaner states that MBA graduates need be able to “drive innovation in order to be effective leaders and make a difference in their companies.” This means being able to identify innovative ideas as well as knowing how to effectively deploy them in a way that creates positive change within a company.
IMD is ranked ninth for innovation, up two spots from last year. Shaner attributes IMD’s improvement in the innovation ranking to two elements of IMD’s curriculum that incorporate experiential learning.
The first, a dedicated innovation course, not only teaches innovation techniques but also gives students an opportunity to apply what they’ve learned through international consulting projects. The second is a project with a start-up, a company that is by definition focused on innovation. Dr. Shaner states that this project gives students “an opportunity to work directly with a company to focus the innovation and identify the most effective ways to implement it in the marketplace.”
These elements have been part of IMD’s curriculum for several years. The difference in 2012, Dr. Shaner states, is the fact that the curriculum has been adjusted so that the classroom instruction and project work are directly integrated instead of being treated as separate parts of the program. Dr. Shaner feels that these curriculum changes have enhanced the innovation capability of the students by allowing them to apply their learning to real-world projects and repeat that cycle over the year. This may make it easier for recruiters to identify the innovation capabilities of IMD graduates.
Also joining the top 10 in this year’s innovation ranking is IESE Business School, University of Navarra. Another notable move by a European business school is INSEAD-France’s rise above Wharton into fourth place.
While the two leading Indian business schools – IIM Ahmedabad and IIM Bangalore – dropped in position this year, India still makes a strong showing in the innovation ranking. The top two Indian schools remain in the top 20, with two other schools joining them in the top 50. The fact that three of the top four Asia-Pacific schools are Indian shows that the country has taken the lead in prioritizing MBA study in innovation within the region.
Mansoor is a contributor to and former editor of TopMBA.com. He is a higher and business education specialist, who has been published in media outlets around the world. He studied English literature at BA and MA level and has a background in consumer journalism.
Innovation is in Demand with MBA Employers Worldwide
By Pavel Kantorek
Updated April 30, 2016 Updated April 30, 2016The QS Global 200 Business Schools Report lists the world’s top schools for employer reputation in ten subject specialization areas. Nicole Willson speaks to some of the leading schools in this year’s ranking for innovation.
This year’s QS TopMBA.com subject specialization ranking for innovation is made up of schools from 15 different countries. The international diversity of the schools included in the ranking demonstrates that innovation is a priority for companies across the globe.
When asked why innovation is such a priority for companies, Dr. Janet Shaner, IMD’s director of MBA program design and delivery, responded, “Companies must innovate or die. This is even more important in today’s fast-changing environment, and companies must continue to develop innovative ideas and implement them effectively in order to survive and stay ahead of the competition.”
Since companies require innovation in order to survive and grow, Dr. Shaner states that MBA graduates need be able to “drive innovation in order to be effective leaders and make a difference in their companies.” This means being able to identify innovative ideas as well as knowing how to effectively deploy them in a way that creates positive change within a company.
IMD is ranked ninth for innovation, up two spots from last year. Shaner attributes IMD’s improvement in the innovation ranking to two elements of IMD’s curriculum that incorporate experiential learning.
The first, a dedicated innovation course, not only teaches innovation techniques but also gives students an opportunity to apply what they’ve learned through international consulting projects. The second is a project with a start-up, a company that is by definition focused on innovation. Dr. Shaner states that this project gives students “an opportunity to work directly with a company to focus the innovation and identify the most effective ways to implement it in the marketplace.”
These elements have been part of IMD’s curriculum for several years. The difference in 2012, Dr. Shaner states, is the fact that the curriculum has been adjusted so that the classroom instruction and project work are directly integrated instead of being treated as separate parts of the program. Dr. Shaner feels that these curriculum changes have enhanced the innovation capability of the students by allowing them to apply their learning to real-world projects and repeat that cycle over the year. This may make it easier for recruiters to identify the innovation capabilities of IMD graduates.
Also joining the top 10 in this year’s innovation ranking is IESE Business School, University of Navarra. Another notable move by a European business school is INSEAD-France’s rise above Wharton into fourth place.
While the two leading Indian business schools – IIM Ahmedabad and IIM Bangalore – dropped in position this year, India still makes a strong showing in the innovation ranking. The top two Indian schools remain in the top 20, with two other schools joining them in the top 50. The fact that three of the top four Asia-Pacific schools are Indian shows that the country has taken the lead in prioritizing MBA study in innovation within the region.
This article was originally published in April 2016 .
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Mansoor is a contributor to and former editor of TopMBA.com. He is a higher and business education specialist, who has been published in media outlets around the world. He studied English literature at BA and MA level and has a background in consumer journalism.
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