Fundamentals for Science Business & Innovation Professor Mike Ibba, Chair, Microbiology Department, Ohio State University Professor Ken Boyer, Chair, Management Sciences Department, Ohio State University Michael Bills, Executive Director, OSU Center for Innovation and Entrepreneurship Fisher College of Business Executive Education fisher.osu.edu
Introduction Today s scientists require both the general business expertise and specific innovation skills required to harness scientific discovery in the creation of innovative solutions that address problems of global dimension. To accomplish this goal, primary investigators must understand the theory, tools and practices which empower scientists to transcend their respective areas of expertise to create solutions that are both useful for society and which can be monetized in a manner which is financially sustainable. The mastery of these skills will substantially improve the day-to-day management of labs, and the pathway from bench to bedside for individual researchers, and the Ohio State University Discovery Themes as a whole. To accomplish this goal, Mike Ibba, Ken Boyer and Michael Bills have collaborated to design two, integrated courses specifically to meet the needs of this audience. These programs are being offered in collaboration with the Executive Education team at Fisher, who has a 60 year history of designing and delivering custom educational programs for audiences across disciplines and industries. This includes programs for the Ohio State Center for Clinical and Translational Science, and the Academy for Excellence in Healthcare. Business Fundamentals for Science Innovation Fundamentals for Science Further, Fisher Executive Education was ranked #2 in the world for custom programs by the Economist Intelligence Unit. 2
Overview of the Programs Program Structure Each of these programs is designed as a high-impact, in-person learning experience held on the Ohio State campus at the Fisher College of Business. Each is will be delivered as a three-day session, running 8 AM to 5 PM each day. We anticipate scheduling this to run Tuesday through Thursday. The program curriculum will be driven by an Academic Director, and will delivered by faculty of the Fisher College. An initial outline for each program, based on our meetings and collaboration to date, is shown on the following pages. Coaching to Ensure Successful Application Each Fellow will have quarterly sessions with their TIU sponsor and a Fisher coach to discuss and apply principles from the program to their research, collaboration and teaching efforts. The third meeting will include all participants in the program and will meet at the end of spring semester of their first year on campus. Program Participants We are seeking 30-40 great researchers who are ready to stretch themselves beyond their core discipline. This includes Discovery Theme hires, existing hires, and future leaders of science, many of whom will work outside of academia and/or partner with external partners and funding sources for their research. Participation in the programs will be by nomination/application only. One-page professional/personal biography: This should highlight professional experience, and provide evidence of cross-disciplinary work and initiatives typical of OSU s emphasis on Discovery Themes. One Page on goals: This should describe how the fellow plans to apply the skills that s/he learns in the program for greater breadth of collaboration with Ohio State colleagues in the 3-5 years following the program. One page letter of nomination from TIU head. Pricing $3,000 per student, per program We propose that the OSU Office of Research and the Discovery Themes sponsor an initial cohort comprised of five (5) participants from each of the seven (7) focus areas for a total of 35 researchers to complete both courses. 3
Business Fundamentals for Science Key Learning Objectives Build a solid foundation in the modern principles and practices of business. Provide tools and methods to facilitate development of a business mindset and data-driven decision-making. Provide frameworks and develop professional expertise in team-building, influence, cross-functional collaboration, and leading change. Build leadership competencies and frames for effective communications and active engagement. Stimulate passion and build confidence so that leaders are able to energize teams and motive others. Course Description This course is designed specifically to meet the need that our graduate students in sciences many of whom will work outside academia have to learn and leverage core business knowledge and skills. As Ohio State endeavors to create the science leaders, and applied discoveries, of tomorrow, these are the critical skills that faculty, students and even grant providers recognize as essential to success. The Business Fundamentals for Science program draws on the highly successful Fisher MBA program, and the excellent faculty at Fisher, to teach these scientists to effectively collaborate, communicate, and make effective decisions in environments of uncertainty and discovery. By teaching and building on the core fundamentals of business, this program will develop key skills: How to work in a team without losing their own individual sense of contribution How to work effectively in teams, as members and leaders How to make decisions in uncertainty How to engage in effective conversations with team members, sponsors and others How to build ambidexterity the ability to seek new products while fine tuning the processes to deliver them. 4
Business Fundamentals for Science Day One: Leadership Effectiveness Why would anyone choose to follow you? Be inspired to define your leadership legacy and learn how the best leaders inspire others to follow them. Decision-Making Effectively using information, data, and decision tools to leverage the best thinking to arrive at the best path to success. Welcome Reception 4:30-5:30pm Day Two: Managing Projects in Uncertainty Managing the human and process dimensions to drive measurable progress of the work, and teams, in advancing projects to conclusion, all within an environment of uncertainty. Leading High Performing Teams Team leadership as an integrated concept; understanding team dynamics; and getting the most from individuals and from the group. Day Three: Operational Ambidexterity Innovation is one part product what are you going to offer and one part process how are you going to deliver it. The ability to do both to be ambidextrous is critical for high performing organizations and researchers. Crucial Conversations When people aren t comfortable with a conversation, they defer it for later or avoid it altogether. Preparing and practice ensure associates are comfortable delivering good and bad news. 5
Business Fundamentals for Science faculty Jeff Rodek is Senior Lecturer in Management and Human Resources at Fisher, having joined the faculty in 2007. Prior to Hyperion s sale to Oracle in April 2007, he was the Executive Chairman of the Board and former CEO of Hyperion Solutions. Rodek is a recognized expert on business performance and related topics, including innovation and leadership. Dr. Larry Inks, is Clinical Associate Professor of Management and Human Resources. He was formerly VP, Organization and Leadership Development for Cardinal Health. He teaches courses in Organizational Behavior, Talent Management, and Leadership, and was just given the Alumni Award for Distinguished Teaching at Ohio State. Dr. Roy J. Lewicki, Professor of Management & Human Resources Emeritus, teaches courses and executive education programs in Organizational Behavior, Advanced Negotiation, and Leadership, Values, and Decision Making. He is the author of the market-leading textbook on negotiation skills, and continues to do research in negotiation, trust development and trust repair. Dr. Aravind Chandrasekaran, Professor in Management Sciences, has focused his research on innovation and knowledge creation issues. He has conducted extensive field work at various organizations including 3M, Motorola, Boston Scientific, UC Irvine, Cleveland Clinic and the Ohio State Wexner Medical Center. Dr. Nicholas G. Hall, Professor in Management Sciences & Integrated Systems Engineering, teaches project management one of the most popular MBA electives at Fisher a modeling course, and several advanced PhD-level courses. He won the Fisher Pacesetters Faculty Research Award in 1998 and 2005. He is a Fellow of the Academy of Sciences of the Peoples Republic of China. Dr. Bennett J. Tepper, Dean s Distinguished Professor of Management & Human Resources, is also the Chair of the Department of Management and Human Resources at Fisher. His research interests focus on managerial leadership, employee health and well-being, and the performance of prosocial and antisocial work behaviors. 6
Innovation Fundamentals for Science Key Learning Objectives Build Identify the key challenges to innovation Understand types of innovation Learn design thinking and different ways to generate ideas Review emerging best practices in putting end-customers at the center of ideation Align ideation with strategy Develop a framework to maximize the value of an innovation Recognize the disruptive forces of innovation Explore the cultural implications of innovation Consider the impact of organizational structure Develop your leadership style to promote behaviors that yield desired results Course Description Innovation Fundamentals of Science is designed for those responsible for innovation efforts, lab leaders, and primary investigators. We provide participants with the knowledge to design optimal processes and policies that promote and facilitate innovation within their sphere of investigation. This learning experience will infuse an innovation mindset and competencies into organizations, and individuals, and is customized to address the specific skills required to innovate in science from ideation to commercialization and includes the collaborative, trans-disciplinary and horizontal skills associated with design thinking, inductive thinking and critical thinking. Beyond ideation, the course will provide scientists with a deeper understanding and command of how to organize for, effectively lead, and facilitate innovation in their labs. In this immersive 3-day program, participants will learn and apply concepts from ideation to application to commercialization, and come away thinking differently about the challenges of delivering innovation within a scientific context. A unique format of six, half-day class sessions, plus workshop modules, allows for immediate team and project-based application of learning from lectures, case studies, and article discussions. Each session is led by faculty who are experts in innovation and entrepreneurship. Participants leave with an action plan to improve innovation processes and results in their labs and on their research initiatives. 7
Innovation Fundamentals for Science Day One: Defining Innovation & Innovation Strategy Causes, types and levels of innovation The role of creativity, intuition, and patient/ care provider -centric development Design Thinking processes Why traditional approaches to product and service development are less successful in the face of increasing consumer control over the purchase process The causes, types, and levels of innovation and their relationship with organization Identifying managerial challenges that need to be overcome when fostering innovation in uncertain and dynamic environments. Introduce a portfolio framework to guide resource allocation decisions and an organizational framework to create a market for ideas. What are the share of profits inventors receive? Day Two: Restructuring, Change Management, Organizational Structure, Cultures & Incentives Types of innovation team and organizational structures The successful transfer of knowledge and learning from labs and how to integrate it into day-to-day operations Culture: The most formidable challenge, reasons for inertia, and how to address it Best practices in Performance Risk Management The cultural implications of innovation, including team-building, leadership style, and incentives that encourage employees to pursue and model innovative behavior that yields desired results Innovation implications on organizational structure Day Three: Financial Implications and Operations Monetizing and Commercializing Innovation How process innovation complements and supports product innovation Process innovation in service manufacturing settings Approaches to organizational structure and rewards systems that support innovation and how these approaches differ based on industry and organizational culture and history Organizational change that help institutionalize positive innovation practices Commercialization processes monetization strategies from private equity to venture capital through patenting and IP protection 8
Innovation Fundamentals for Science faculty Mike Bills, Executive Director, Center for Innovation & Entrepreneurship, is leveraging 25 years of private sector and academic experience in consumer-led innovation to advance student learning and elevate partnerships across the university, with entrepreneurs, and with corporations. Dr. Aravind Chandrasekaran, Professor in Management Sciences, has focused his research on innovation and knowledge creation issues. He has conducted extensive field work at various organizations including 3M, Motorola, Boston Scientific, UC Irvine, Cleveland Clinic and the OSU Medical Center. Dr. Michael Leiblein, Associate Professor of Competitive Strategy, teaches competitive strategy, innovation strategy, and innovation management. His research describes the resource allocation & organizational strategies firms can use to improve innovation activity and economic performance. Jeff Rodek, Senior Lecturer of Management and Human Resources, was the former chairman and CEO of Hyperion Solutions that was acquired by Oracle. He created market-leading, enterprise performance management solutions in a demanding and fast-paced industry filled with innovative competitors. Dr. Deborah Mitchell, Clinical Associate Professor of Marketing, has taught at Wharton, Stanford and the University of Wisconsin. Professor Mitchell has leveraged her research, consulting, and expertise in Design Thinking to help marketfocused organizations embrace and drive innovation. Dr. Karen Wruck, Dean s Distinguished Professor and Professor of Finance, joined Fisher from Harvard. Her work includes research in the fields of financial and organizational economics; teaching in our Executive MBA and executive education programs; and consulting with major corporations. 9
Contacts Professor Ken Boyer Chair, Management Sciences Department, Ohio State University boyer.9@osu.edu 614.292.4605 Professor Michael Ibba Chair, Microbiology Department, Ohio State University ibba.1@osu.edu 614.292.2120 Michael Bills Executive Director, OSU Center for Innovation and Entrepreneurship bills.36@osu.edu 614.226.0072 mobile Gretchen Goffe Director, Executive Education goffe.1@osu.edu 614.292.8963 10