Selected courses and programs from the TIES group.
Description: Covers the process of identifying and quantifying market opportunities, then conceptualizing, planning, and starting a new, technology-based enterprise. Topics include opportunity assessment, the value proposition, the entrepreneur, legal issues, entrepreneurial ethics, the business plan, the founding team, seeking customers and raising funds. Students develop detailed business plans for a start-up. Intended for students who want to start their own business, further develop an existing business, be a member of a management team in a new enterprise, or better understand the entrepreneur and the entrepreneurial process. Meets with 15.3901 when offered concurrently.
Description: Explores a wide range of strategic problems, focusing particularly on the sources of competitive advantage and the interaction between industry structure and organizational capabilities. Introduces a wide variety of modern strategy frameworks and methodologies. Builds upon and integrates material from core topics, such as economics and organizational processes. Students taking graduate version complete additional assignments. Meets with 15.9001 when offered concurrently.
Description: Provides a deep understanding of the core strategic choices facing start-up innovators, as well as a synthetic framework for the development and implementation of entrepreneurial strategy in dynamic environments. Identifies the key choices entrepreneurs make to take advantage of opportunity and the logic of particular strategic commitments that allow entrepreneurs to establish competitive advantage.
Description: This course challenges the students to answer the question “what does it mean for an organization to ‘manage’ innovation”? The course has four parts: (i) the sources of innovation (from the research lab, to local innovation ecosystems, to open innovation); (ii) motivating technical or and/creative professionals (incentives, structure, and culture); (iii) organizing the innovation process (from the study product development processes to R&D portfolios to building an experimental capacity). The final segment of the course emphasizes the connection between the management of innovation and competitive strategy.
Description: Advanced subject in the economics of technological change. Covers the micro-foundations of the knowledge production function (including the role of creativity and the impact of Science), the impact of institutions and strategic interaction on the commercialization of new technology, and the diffusion and welfare impact of ideas and technology. Includes a mixture and explicit comparisons of both theoretical and empirical research. Students should have adequate preparation in microeconomic theory and econometrics. Primarily for PhD students.
For those with a strong commitment to entrepreneurship, the Entrepreneurship & Innovation (E&I) Track brings like-minded students together very early in the MBA program to meet, integrate and learn about startup business concepts and to experience the unique entrepreneurial ecosystem at MIT.
Concepts that typically take the entire program to cover are condensed into the first and second semesters, maximizing students' ability to get started right away. The payoff for the extra work and the intense track requirements is that you will get a jump-start on building an entrepreneurial career.
The E&I Track focuses on launching and developing emerging technology companies. It leads to a certificate in Entrepreneurship & Innovation, in addition to the MBA degree.
The curriculum emphasizes team practice linked to real-world entrepreneurial projects, balances theoretical and practitioner education, and provides thorough exposure to the many building blocks of an entrepreneurial career. In addition, the track leaves sufficient freedom to select other courses.