Executive Education Programs Program Information


STANFORD Graduate School of Business - USA

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  The Indispensable CTO: Strategic Leadership of Technology and Innovation

The Indispensable CTO: Strategic Leadership of Technology and Innovation
This exclusive executive education program is a collaboration of the CTO Forum and Stanford Graduate School of Business. It establishes the CTO Institute, a program aimed at identifying, examining, and overcoming the challenges that Chief Technology Officers (CTOs) face in fostering a culture of smart innovation. Using leading-edge research and teaching materials that have been field-tested with leading corporations, Stanford's world-class faculty members and distinguished members of the CTO Forum have collaborated to create a dynamic and highly relevant learning experience for participants from Fortune 500 companies.
 
Program Dates: May 28 - 31, 2014
Application Deadline: April 28, 2014
Program Tuition: $9,000 USD

Program tuition includes private accommodations, all meals, and course materials.

Why this program is needed
Traditional strategies for increasing profits and share value—perpetual cost cutting, megamergers, spinoffs, share buybacks, de-mergers, outsourcing, and   other financial tools—occasionally provide value for shareholders, but fail to create new industries, markets, and wealth. It is not financial engineering,   but rather smart innovation that acts as the wellspring of competitive differentiation, industry leadership, and positioning for long-term success in an increasingly competitive global marketplace. Incremental advances are no longer enough, and only brilliant innovation can propel a company to the forefront of an industry.
  
CTOs are tasked with spearheading strategies and employing tactics to foster a culture of innovation. And yet, many CTOs confide that innovation appears to have hit a barrier. Fewer than 10 percent of the companies in the Fortune 500 are generating double-digit growth. Many of the largest technology companies have seen revenues and profits drop. Even Silicon Valley's engine of innovation, which is fueled by venture capital, seems to be stalling, and the typical venture fund barely beats the rate of return of the money markets.

What is preventing profitable, long-term growth, and what can be done about it? These questions are critical for CTOs, who are first in line to experience the consequences of under-investment in R&D, increasing emphasis of the short-term over the long term, and the difficulties of helping business leaders withstand the tremendous pressures for quarterly   results.

The executive education program serves a vital need by bringing together CTOs from many organizations, industries, and countries to share   experiences and learn new ideas and frameworks for navigating an increasingly complex business environment.

Key Topics and Takeaways
The most effective CTOs take an active role in authoring their organization’s future through business transformation, resisting the temptation to hold too much affection for the past. We expect that each participant in the program will take away a unique set of insights, tools, and strategies for energizing and   revolutionizing the organization, including how to:
- Master the design rules for radical, nonlinear, and systemic innovation in today’s fast-paced business environment
- Prevail against a built-in bias towards perpetuation to   launch an agenda for game-changing innovation
- Transform innovation from an occasional act into a systemic capability
- Differentiate smart innovation from R&D and new product   development
- Recognize decaying strategies, and replace them with tools that help sustain organic growth through new business development
- Apply the principles of collective intelligence to scale   innovative ideas and organizational change
- Promote organizational ambidexterity by training   employees to be switch hitters
- Inspire disengaged employees to apply their imagination,  creativity, passion, and courage in the workplace

Who Should Attend
CTOs play an indispensable role in the continued development and renewal of innovation. They are among the few leaders with the expertise and vision to balance the  allocation of corporate resources between current and future opportunities. What’s more, they are uniquely positioned to influence the chief executive and board of directors to share the vision.

This program is designed for senior-level  technology executives with at least 10 to 15 years of management experience who  are responsible for building and deploying cutting-edge technology. Appropriate  titles include Chief Technology Officer, Chief Information Officer, Vice  President of Technology and Product Development, Vice President of Information  Technology, and Vice President of Research and Development.


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