Diploma in Innovation Management

Description

Course Name: Diploma in Innovation Management

Course Id: DIM/Q1001.

Eligibility: Completion of 10+2 (higher Secondary) or equivalent.

Objective: A Diploma in Innovation Management is an excellent choice for those seeking to become leaders in driving change, creativity, and growth within organizations. It offers a comprehensive approach to managing innovation in today’s competitive and technology-driven business world.

Duration: 370 Hrs (Equivalent to One Year).

How You will Get Diploma Certificate:

Step 1- Select your Course for Certification.

Step 2- Click on Enroll Now.

Step 3- Proceed to Enroll Now.

Step 4- Fill Your Billing Details and Proceed to Pay.

Step 5- You Will be Redirected to Payment Gateway, Pay Course and Exam Fee by Following Options.

Card(Debit/Credit), Wallet, Paytm, Net banking, UPI and Google pay.

Step 6- After Payment You will get Study Material Login id and Password on your email id.

Step 7- After Completion of  Course Study give Online Examination.

Step 8- After Online Examination you will get Diploma Certificate soft copy(Scan Copy) and Hard Copy(Original With Seal and Sign).

Step 9- After Certification you will receive Prospect Job Opportunities as per your Interest Area.

Online Examination Detail:

• Duration- 120 minutes.
• No. of Questions- 60. (Multiple Choice Questions).
• 10 Questions from each module, each carry 10 marks.
• Maximum Marks- 600, Passing Marks- 40%.
• There is no negative marking in this module.

How Students will be Graded:
S.No.	Marks	Grade
1	91-100	O (Outstanding)
2	81-90	A+ (Excellent)
3	71-80	A (Very Good)
4	61-70	B (Good)
5	51-60	C (Average)
6	41-50	P (Pass)
7	0-40	F (Fail)

Benefits of Certification:

• Government Authorized Assessment Agency Certification.
• Certificate Valid for Lifetime.
• Lifetime Verification of Certificate.
• Free Job Assistance as per your Interest Area.

Syllabus

Innovation management: Concept of innovation, importance of innovation, typology of innovation, innovation process, barriers of innovation, market and strategy dimension of innovation strategic dimensions of innovation, creative thinking techniques.

Methods and instruments, breakthrough innovations: Introduction, breakthrough innovation technical and market, conceptual model & research themes, breakthrough innovation conceptual model.

Corporate innovation: Introduction, corporate innovation why it’s hard, the 4 fundamental innovation methods, the ideation challenge, the validation challenge, the scale- up challenge.

Lean startup: Introduction, theoretical framework, technology ventures, lean startup, methodology, comparison of the models, data collection, questionnaire, data analysis.

Innovation loop: Proposals and ideas, support in the public sector, support in the market economy, technology projects and standards, bringing radical innovations to the marketplace, technology projects and standards in the aviation sector.

Customer development: The path to disaster: the product development model, the path to epiphany: the customer development model, customer discovery, customer validation, customer creation, customer relationships, customer segments.

Job Opportunities after completion of Diploma in Innovation Management course:

After completing the Diploma in Innovation Management program, graduates are equipped with the skills necessary to drive innovation, develop new products, services, and business processes, and help organizations stay competitive in dynamic markets. Innovation management combines elements of business strategy, entrepreneurship, and creativity, with a focus on implementing new ideas effectively within an organization. Graduates of this program can pursue roles across industries including technology, consulting, manufacturing, and more.

Here’s a detailed breakdown of career options and salary ranges for graduates of the Diploma in Innovation Management in India:

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Career Options After Completing the Diploma in Innovation Management

1. Innovation Manager

• Role: Innovation Managers oversee the development and implementation of new products, services, and solutions within an organization. They focus on creating new ideas, refining existing processes, and managing cross-functional teams to bring innovation to market.
• Salary Range:
  • Entry-Level: ₹5,00,000 – ₹7,00,000 per annum
  • Mid-Level: ₹7,00,000 – ₹12,00,000 per annum
  • Senior-Level: ₹12,00,000 – ₹18,00,000+ per annum

2. Product Development Manager

• Role: These professionals lead the development of new products and services, from ideation to market launch. They conduct market research, oversee the design and development process, and ensure the product meets customer needs and organizational goals.
• Salary Range:
  • Entry-Level: ₹5,00,000 – ₹8,00,000 per annum
  • Mid-Level: ₹8,00,000 – ₹15,00,000 per annum
  • Senior-Level: ₹15,00,000 – ₹22,00,000+ per annum

3. Innovation Consultant

• Role: Innovation Consultants work with businesses to assess their innovation strategies and help them improve. They advise on new product ideas, process improvements, and ways to incorporate emerging technologies to enhance business operations.
• Salary Range:
  • Entry-Level: ₹4,00,000 – ₹6,00,000 per annum
  • Mid-Level: ₹6,00,000 – ₹12,00,000 per annum
  • Senior-Level: ₹12,00,000 – ₹18,00,000+ per annum

4. R&D Manager (Research and Development)

• Role: R&D Managers focus on researching new technologies, materials, and processes to create new or improved products. They lead research teams, collaborate with engineers, and monitor the development of new innovations.
• Salary Range:
  • Entry-Level: ₹6,00,000 – ₹8,00,000 per annum
  • Mid-Level: ₹8,00,000 – ₹14,00,000 per annum
  • Senior-Level: ₹14,00,000 – ₹20,00,000+ per annum

5. Business Development Manager (Innovation Focus)

• Role: Business Development Managers with a focus on innovation work to identify new market opportunities, partnerships, and technologies. They ensure that new business ideas and products align with market needs and company strategies.
• Salary Range:
  • Entry-Level: ₹5,00,000 – ₹7,00,000 per annum
  • Mid-Level: ₹7,00,000 – ₹12,00,000 per annum
  • Senior-Level: ₹12,00,000 – ₹20,00,000+ per annum

6. Corporate Strategy Analyst (Innovation Focus)

• Role: Corporate Strategy Analysts with a focus on innovation help businesses identify growth opportunities through innovation. They assess market trends, competitor activities, and customer needs to develop strategic plans that include new products or services.
• Salary Range:
  • Entry-Level: ₹4,00,000 – ₹6,00,000 per annum
  • Mid-Level: ₹6,00,000 – ₹10,00,000 per annum
  • Senior-Level: ₹10,00,000 – ₹15,00,000+ per annum

7. Entrepreneur/Startup Founder

• Role: Some graduates of the Innovation Management program may choose to start their own businesses, particularly those focused on new technologies, products, or services. Entrepreneurs drive the vision, strategy, and execution of new ventures.
• Salary Range:
  • Varies Widely: Entrepreneurs’ salaries can vary widely depending on business success. In the early stages, they might not take a salary or earn modestly, but successful ventures can earn much higher incomes, ranging from ₹10,00,000 to ₹1,00,00,000+ per annum in the long term.

8. Innovation Strategist

• Role: Innovation Strategists focus on aligning a company’s overall business strategy with its innovation goals. They help organizations identify and prioritize innovative opportunities and technologies that align with the company’s vision.
• Salary Range:
  • Entry-Level: ₹5,00,000 – ₹7,00,000 per annum
  • Mid-Level: ₹7,00,000 – ₹14,00,000 per annum
  • Senior-Level: ₹14,00,000 – ₹20,00,000+ per annum

9. Change Management Specialist

• Role: Change Management Specialists help organizations manage and implement changes driven by innovation. They assist in the smooth adoption of new processes, systems, or technologies and ensure that staff is well-prepared for the changes.
• Salary Range:
  • Entry-Level: ₹4,00,000 – ₹6,00,000 per annum
  • Mid-Level: ₹6,00,000 – ₹9,00,000 per annum
  • Senior-Level: ₹9,00,000 – ₹14,00,000+ per annum

10. Technology Innovation Officer

• Role: Technology Innovation Officers work within organizations to identify and implement cutting-edge technologies that can improve business operations. They monitor emerging trends like artificial intelligence, blockchain, and machine learning.
• Salary Range:
  • Entry-Level: ₹6,00,000 – ₹8,00,000 per annum
  • Mid-Level: ₹8,00,000 – ₹15,00,000 per annum
  • Senior-Level: ₹15,00,000 – ₹25,00,000+ per annum

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Skills Acquired in the Program

Graduates of the Diploma in Innovation Management program will develop a range of skills, including:

• Creativity and Problem-Solving: Ability to generate new ideas and solve complex problems using innovative approaches.
• Market and Trend Analysis: Skills to assess market trends, competitor products, and customer needs to drive innovation.
• Project Management: Experience in managing innovation projects, from concept through implementation.
• Cross-Functional Collaboration: Ability to work with various departments, including marketing, R&D, and production, to bring innovative products and services to market.
• Change Management: Skills to lead and manage the organizational changes that accompany new innovations and strategies.

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Conclusion

The Diploma in Innovation Management opens up a wide range of career opportunities in various sectors, especially those that rely heavily on technology and product development. Graduates can pursue managerial, strategic, and entrepreneurial roles, with salaries starting at ₹4,00,000 per annum and going up to ₹20,00,000+ per annum for more senior positions. Additionally, the skills acquired in innovation management are highly valuable in today’s fast-paced, technology-driven business environment, ensuring strong career growth opportunities in the long term.