Peter Drucker defines innovation as 'a change that creates a new dimension of performance'. In today's ever-changing, fast-moving business environment, innovating quickly, and effectively is an advantage for achieving competitive advantage. Yet, only a few organizations are able to generate creative ideas and effectively move them to market regularly. It is now being appreciated that the main focus of top and middle level management should be innovation and the techniques that promote it. Innovation and its management is the final frontier, which if managed well will result in competitive advantage for companies.

Innovation Management changes the way business leaders think about innovation, giving them a deeper, and more comprehensive roadmap for executing change. Participants leave the program knowing how to influence corporate culture for fostering innovation and alter the way an organization responds to the challenge of innovation, and create/strengthen relationships with partners along the value chain. The programme on 'Innovation Management' is on fostering the need for creating innovative or innovation culture within organizations, and creating breakthrough business models. The programme will also look into how innovation can be promoted within the organization and how it can be measured and linked with long term performance of an organization.

Rs.19,000/- (US $590 if foreign) plus Service Tax @10.30% per participant will be charged to cover tuition, board and lodging, courseware and other facilities of the College including Internet usage. Local participants not availing hostel accommodation will be given a discount of Rs.1,000/- per day for the duration of the programme.

A concession of ten per cent is given to the second nominee and onwards. A ten per cent concession is also given to a woman participant, either as a lone nominee or by treating her nomination as a first nominee in a group of nominations.