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In this course, we will take an operations view of innovation. The course relies on three principles, 1) innovation requires strong processes that can both guide the development and execution of a firm's innovation strategy; 2) strong processes can guide innovation through the evolutionary stages of a company: growth, scale, change, and stable; and 3) strong processes are ambidextrous - they can generate both incremental and disruptive innovations, and the talented operations leader can guide the processes by adapting their area of focus. The perspective in the course will be that of a very senior Operations Manager such as the Chief Operations Officer and students will be expected to develop and test innovation strategies using a combination of qualitative and quantitative approaches. Specific Topics: Lean mindset as a framework for innovation process, Lean processes, Design thinking and Lean startups. Formulating an innovation strategy with an eye towards execution and implementation, Leveraging the value chain eco-system to accelerate and support innovations, Developing operation processes for scaling innovations, and Design of business model to create values from innovations. The course will utilize a series of workshops on lean and design thinking to learn the underlying innovation processes, and case studies and projects to apply the concepts. Case studies will involve a multi session deep dive into specific industries and issues in a variety of industries and sectors. For example we will explore Boeing's innovation strategy and processes through the development and launch of the Boeing 787, design sprints to test different value chain innovations for the production and assembly of the 787, how the potential development of battery powered airplanes may disrupt Boeing's business model, take a deep dive into 3d printing and investigate how this technology can disrupt different industry verticals, and we will consider Crocs on how they adapt their value chain processes to support the growth of their initial innovation, as well as how that can then be leveraged for further innovations. A project leveraging design thinking and lean startup will focus on developing a specific disruption hypothesis for an established organization.