Innovation Management (5 cr)

Objective

- You learn how to use the essential methods of development work and apply creative operations models.
- You can promote creativity, innovation, and productivity in a team.
- You are able to estimate business opportunities of an innovation.
- You are able to analyze business opportunities by future research methods.
- You are able to develop and evaluate new innovative ideas.
- You learn how to productize, commercialize and manage different types of innovations in businesses.
- You learn the characteristics of innovation ecosystems in the international context.
- You are able how to manage innovation processes effectively in existing and new organisations.
- You learn the characteristics and implementation principles of closed and open innovation.
- You learn how to plan, implement and evaluate an innovation strategy for profit and non-profit businesses.
- You are able to design sustainable innovation processes in organisations.

Content

- How to plan, implement and assess an innovation strategy for profit and non-profit businesses?
- How to design sustainable innovation processes in organisations?
- What are the principles and application of the creative operations models?
- How to promote creativity, innovation and productivity at individual and team level?
- How to analyse business opportunities of an innovation?
- How to apply future research methods in the analysis of new business opportunities?
- How to productize, commercialize and manage different types of innovations in business?
- What are the characteristics of innovation ecosystems in the international context?
- How to develop and manage innovation processes in existing and new organisations?
- What are the characteristics and implementation principles of closed and open innovation?
- What are the principles and methods of developing and evaluating new innovative ideas?
- How to plan and operate the user-driven innovation process?

Course material

Innovation Management: The recommended book for the course: Innovation and entrepreneurship / John Bessant and Joe Tidd. - Third Edition. Wiley. Available in Xamk e-library.

Extra sources for those who interested:
Unlocking the Customer Value Chain: How Decoupling Drives Consumer Disruption – by Thales S. Teixeira & Greg Piechota
The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail - by Clayton M. Christensen
Find Your Why – by Simon Sinek, David Mead, Peter Docker
Design Thinking and Innovation Metrics – by Michael Lewrick
The Human Side of Innovation: The Power of People in Love with People - by Mauro Porcini
Invention and Innovation: A Brief History of Hype and Failure - by Vaclav Smil
Intended Consequences: How to Build Market-Leading Companies with Responsible Innovation - by Hemant Taneja, Kevin Maney, et al.

Links, Lecture slides and other materials provided by the teachers during the course. Materials will uploaded to Learn.

Study forms and methods

As the course will have both group and individual tasks, the course can be completed by participating in group and individual work.

RDI and work-related cooperation

A course project will be completed with the selected business.

Timing of exams and assignments

Deadlines and other important dates will be provided during the first lecture by latest.

The course will include an exam covering the whole studied course material.

International cooperation

The course is planned for the international business context. All material and project cooperation are at the international level.

Student workload

5 ECTS is equivalent to 135 hours of student work.

Course part description

Content of the innovation management part:
Part 1: Entrepreneurship and innovation context

- processing innovations in/for entrepreneurship

- basics of productisation and commercialisation of innovations

- managing social and sustainable-led innovation



Part 2: Opportunity recognition

- sources of innovation

- search strategies for innovations (including a deeper view of open innovations)



Part 3: Resources for innovation process

- internal & external analysis, scenario development and risk assessment

- individual and team leadership, innovative climate + focus on organizational culture

- types of innovation networks + ecosystems of innovation



Part 4: managing ventures, growth and innovation development

- new product and new service development

- corporate venturing (entrepreneurship & intrapreneurship)



Part 5: added value of innovation (process)

- knowledge development in innovation process

- business models for innovations

- learning & innovation

Evaluation scale

1-5