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Why the Capstone Project Matters for Every Leader
Why does the Capstone Project matter—even if you’re not planning to launch a start-up? This video explains how the TRIUM Capstone Project takes students step by step through the innovation process: from generating ideas to shaping them into a credible business proposal backed by research and a clear plan. The message is simple: in an uncertain world, leaders need to understand how innovation works. The Capstone Project helps build that capability.
In this video you’ll learn:
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Why the Capstone Project matters even for leaders who are not planning to become entrepreneurs.
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How the project guides participants step by step through the innovation process, from idea generation to business proposal.
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Why the ability to innovate in uncertain environments is critical for organisations of every kind, from corporations to non-profits.
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How understanding the innovation process helps leaders make better decisions and stay effective as their organisations evolve.
Speaker:
Professor Matt Mulford, TRIUM Capstone Director
Full transcript
So the thing to think about is, even if you don’t want to be an entrepreneur, let’s say you’re sitting in a corporate job, you like what you’re doing, etc., etc.. More and more, what we focus on in TRIUM is more and more the world is uncertain and uncertainty requires organizations – whether you’re a for-profit, non-profit, I don’t care what organization – you have to be able to innovate to come up with new ideas, new ways.
In fact, one of the things we know that predict organizations’ success is their ability to innovate. So what the Capstone Project does is take you step by step through that innovation process, not only through (and I hate the term) ideation, but it takes you through this idea generation, how you take that idea and start to polish it into a business proposal, with a business plan with the research, etc., etc..
So even if that’s not what you’re going to do, I don’t care what organization you’re in, you’re going to need to understand how the innovative process works, and without that, you’re going to be lost eventually.