Innovation Strategy and Management Workshop

The Business Studies Department organized the Innovation Strategy and Management Workshop. The workshop featured a guest speaker, Mr. Fahad Al Rasbi, Innovation Developer and Specialist from Sultan Qaboos University. The workshop sought to provide students with knowledge of the most recent field trend "Innovation" to learn the process of bringing about new ideas, methods, products, services or solutions that have a significant positive impact and value. It involves transforming creative concepts into tangible outcomes that improve efficiency and effectiveness or address unmet needs.

The workshop highlights the following topics:

• The concept of innovation
• Innovation Martix
• The key elements of innovation management
• Stages of innovation: inspiration, ideation, implementation and iteration
• Innovation in Entrepreneurship
• Fintech/Financial Technology
• Financial Innovation/ How to create new financial or investment products/services or process. These changes can include updated technology, risk management, risk transfer, credit and equity generation, as well as many other innovations.
• Blockchain
• Digital Transformation

By participating in this workshop, the students gained valuable knowledge about the concept of innovation and the main elements and stages in order to create innovation in various fields. The innovations that matter most offer the world’s best solutions to important problems and to manage the risk of disruption of a business. It is the ability to approach challenges, problems, and opportunities with creative and forward-looking mindset.