Innovation Management

Study Board of Business Economics

Teaching language: English
EKA: B150128102
Censorship: Second examiner: External
Grading: 7-point grading scale
Offered in: Odense
Offered in: Autumn
Level: Master

Course ID: B150128101
ECTS value: 10

Date of Approval: 05-04-2019


Duration: 1 semester

Course ID

B150128101

Course Title

Innovation Management

Teaching language

English

ECTS value

10

Responsible study board

Study Board of Business Economics

Date of Approval

05-04-2019

Course Responsible

Name Email Department
Kristina Vaarst Andersen vaarst@sam.sdu.dk

Offered in

Odense

Level

Master

Offered in

Autumn

Duration

1 semester

Mandatory prerequisites

-

Recommended prerequisites

-

Aim and purpose

This course provides students a thorough understanding of innovation management with special focus on the process of innovation and how to consider commercialization of innovation at all steps of the innovation process. The course is designed to provide students with understanding of the entire innovation process, including how to manage idea generation and the fuzzy front end of innovation, sources for innovation, and how to commercialize and profit from innovation. The aim is to provide students with the theoretical basis for sound judgement of real life decisions in companies related to the different aspects of innovation management.
Innovation management is complementary to the following courses:
1.    Organization of Innovation deals with organizational aspects of novel initiatives, such as business experimentation, partnerships and alliances, or crowdsourcing.
2.    Business Development deals with developing and analyzing growth opportunities.
3.    Technological megatrends and innovation which offers a seminar on technological megatrends in light of the theory of technological change.
4.    Management of Projects and Portfolios provides the management framework for dealing with a set of parallel initiatives.

Content

The course has following key areas:

•    Introduction to management of innovation and the process of innovation: why innovation management is important, different types of innovation and the importance of innovation type for how to manage the innovation process. 

•    The fuzzy front end of innovation: creativity and how to manage the idea generation phase including the different sources of innovative ideas, co-creation and its consequences for the innovation process.

•    Managing the innovation process: the innovation funnel, evaluation of innovation projects, organizational learning, and innovation strategy, barriers to innovation, and open innovation including user innovation, other types of firm level collaboration and knowledge networks.

•    Industry dynamics: technology-industry relationships, timing and entry strategies, disruption and the relationship between entrepreneurs and incumbents.

•    Innovation strategy: innovation portfolio management and business model innovation.

•    Commercialization and diffusion: appropriability of innovation, deployment strategies, innovation ecologies, the risks of moving from R&D to commercialization, installed base and market creation.

Learning goals

The aim is that students, after active participation in this course, can demonstrate:

Description of outcome - Knowledge

The student can:
•    Describe different innovation types and categories
•    Describe how differences between different types and categories of innovations affect management of all steps of the innovation process
•    Justify choices and trade-offs related to all parts of the innovation process by application of theories and methods from the course.

Description of outcome - Skills

The student can
•    Apply innovation theory to conduct a structured, well-argued, and in-depth analysis of challenges related to innovation management in real life cases.
•    Develop recommendations for action on what mechanisms the firm should apply for an innovation project using the conceptual frameworks and theories
•    Reflect on the usefulness and shortcomings of the recommendations.

Description of outcome - Competences

The student can:
•    Demonstrate understanding of and discuss different perspectives on theoretical issues pertaining to innovation management.
•    Present an analysis of challenges and potential solutions related to a given case based on a theoretical framework.
•    Reflect on how models and theories of the subject can be involved to support business decisions while remaining critical of the current use of models, methods and theories.

Literature

The classroom activities draw on a mix of journal articles, selected book chapters, and business cases. A potential text book could be Melissa A. Schilling “Strategic Management of Technological Innovation”, international student edition (5th edition) or Tidd & Bessant “Strategic Innovation Management”. The reading will be about 750 pages, in addition students will be required to read cases and watch and work with video lectures from institutions such as MIT, Wharton, and University of Gröningen. The reading list including videos is announced at the beginning of the semester.

Teaching Method

To develop students’ understanding of innovation management, lectures are combined with other, interactive, learning activities. The classes consist of lectures combined with group discussions, class interaction and presentations. In the lectures, emphasis is on presenting theories and illustrative examples. The discussions focus on applications of the discussed theoretical models. Each week the syllabus will contain discussion questions or casework or both, which students are expected to prepare and discuss prior to class. To facilitate students’ preparation, students will be assigned to study groups. These study groups are expected to meet each week prior to class to discuss the preparation and work through assignments. The groups will take turns leading the case presentations and discussions in class.

Workload

Scheduled classes
Lectures 3 hours per week in 15 weeks.
1 hour group work per week in 15 weeks scheduled in connection with the weekly lectures.

_________

The workload of the course is, on average, distributed as follows:
Class teaching: 45 hours
Group work beyond classes – before the lectures start: 30 hours
Preparation for classes (reading etc.): 141 hours
Preparation for exam: 50 hours
Exam: 4 hours
Total: 270 hours.

Examination regulations

Final exam

Name

Final exam

Timing

Exam: January.
Reexam: February.

Examination form may be altered for the reexamination, e.g. from written to oral examination.

Rules

-3 is not allowed, 00 is not allowed

Tests

Final exam

Name

Final exam

Form of examination

Written in situ exam

Censorship

Second examiner: External

Grading

7-point grading scale

Identification

Student Identification Card - Exam number

Language

English

Preparation

-

Duration

4 hours written in situ exam.

Length

5 standard pages.

Examination aids

All aids are allowed except for use of the internet.
Communication with others inside or outside the examination room are not allowed.

Assignment handover

In the examination room.

Assignment handin

In SDU Assignment via the course page in Blackboard.

ECTS value

10

Additional information

Internet Access: The exam is carried out using own PC which must be able to access the university's wireless network.
The Internet may only be used to access the SDU Assignment upon submission.

EKA

B150128102

External comment

NOTE - This course is first offered in autumn 2019

Used examination attempts in the former identical course will be transferred.
Courses that are identical with former courses that are passed according to applied rules cannot be retaken.

The student is automatically registered for the first examination attempt when the student is registered for a course or course element with which one or more examinations are associated. Withdrawal of registration is not possible, and students who fail to participate in an examination have used one examination attempt, unless the University has made an exemption due to special circumstances.

Courses offered

Period Offer type Profile Programme Semester
Fall 2019 Mandatory Innovation and Business Development (ikrafttræden pr. 1. september 2019) - Odense MSc in Economics and Business Administration | Master of Science (Msc) in Economics and Business Administration | Esbjerg, Soenderborg, Slagelse, Odense, Kolding 1
Fall 2019 Optional Market Anthropology (ikrafttræden pr. 1. september 2019) - Odense MSc in Economics and Business Administration | Master of Science (Msc) in Economics and Business Administration | Esbjerg, Soenderborg, Slagelse, Odense, Kolding
Fall 2019 Optional Market Anthropology (ikrafttræden pr. 1. september 2017) MSc in Economics and Business Administration | Master of Science (Msc) in Economics and Business Administration | Esbjerg, Soenderborg, Slagelse, Odense, Kolding
Fall 2019 Optional Brand Management and Marketing Communication MSc in Economics and Business Administration | Master of Science (Msc) in Economics and Business Administration | Esbjerg, Soenderborg, Slagelse, Odense, Kolding
Fall 2019 Optional Human Resource Management (ikrafttræden pr. 1. september 2017) MSc in Economics and Business Administration | Master of Science (Msc) in Economics and Business Administration | Esbjerg, Soenderborg, Slagelse, Odense, Kolding
Fall 2019 Optional Accounting and Finance MSc in Economics and Business Administration | Master of Science (Msc) in Economics and Business Administration | Esbjerg, Soenderborg, Slagelse, Odense, Kolding
Fall 2019 Optional Global Logistics and Supply Chain Management - Accounting Combination MSc in Economics and Business Administration | Master of Science (Msc) in Economics and Business Administration | Esbjerg, Soenderborg, Slagelse, Odense, Kolding
Fall 2019 Optional Global Logistics and Supply Chain Management - Organization Combination MSc in Economics and Business Administration | Master of Science (Msc) in Economics and Business Administration | Esbjerg, Soenderborg, Slagelse, Odense, Kolding
Fall 2019 Optional Global Marketing and Consumer Culture MSc in Economics and Business Administration | Master of Science (Msc) in Economics and Business Administration | Esbjerg, Soenderborg, Slagelse, Odense, Kolding
Fall 2019 Optional Management Accounting - Combination 3 MSc in Economics and Business Administration | Master of Science (Msc) in Economics and Business Administration | Esbjerg, Soenderborg, Slagelse, Odense, Kolding
Fall 2019 Optional International Business and Management (ikrafttræden pr. 1. september 2017) MSc in Economics and Business Administration | Master of Science (Msc) in Economics and Business Administration | Esbjerg, Soenderborg, Slagelse, Odense, Kolding
Fall 2019 Optional Management Accounting - Combination 1 MSc in Economics and Business Administration | Master of Science (Msc) in Economics and Business Administration | Esbjerg, Soenderborg, Slagelse, Odense, Kolding
Fall 2019 Optional Strategy and Organization (ikrafttræden pr. 1. september 2017) MSc in Economics and Business Administration | Master of Science (Msc) in Economics and Business Administration | Esbjerg, Soenderborg, Slagelse, Odense, Kolding
Fall 2019 Optional International Business and Marketing (ikrafttræden pr. 1. september 2017) MSc in Economics and Business Administration | Master of Science (Msc) in Economics and Business Administration | Esbjerg, Soenderborg, Slagelse, Odense, Kolding
Fall 2019 Optional Management Accounting - Combination 2 MSc in Economics and Business Administration | Master of Science (Msc) in Economics and Business Administration | Esbjerg, Soenderborg, Slagelse, Odense, Kolding
Fall 2019 Optional MA Negot 120 ECTS - International Market Relations Admitted 2019 Master of Arts (MA) in Business, Language and Culture | Odense
Fall 2019 Optional MA Negot 120 ECTS - International Relations Admitted 2019 Master of Arts (MA) in Business, Language and Culture | Odense
Fall 2019 Optional MA Negot 120 ECTS - International Communication Management Admitted 2019 Master of Arts (MA) in Business, Language and Culture | Odense
Fall 2019 Optional MA Negot 120 ECTS - Global Marketing Management Admitted 2019 Master of Arts (MA) in Business, Language and Culture | Odense
Fall 2019 Optional MA Negot 120 ECTS - Human Ressource Management Admitted 2019 Master of Arts (MA) in Business, Language and Culture | Odense
Fall 2019 Exchange students

Teachers

Name Email Department City
Kristina Vaarst Andersen vaarst@sam.sdu.dk Odense
Patricia Wolf pawo@sam.sdu.dk Odense

URL for MySchedule

36
Monday
05-09-2022
Tuesday
06-09-2022
Wednesday
07-09-2022
Thursday
08-09-2022
Friday
09-09-2022
08 - 09
09 - 10
10 - 11
11 - 12
12 - 13
13 - 14
14 - 15
Class 1
Undervisning
Innovation Management
15 - 16
Class 1
Undervisning
Innovation Management
16 - 17
Class 1
Undervisning
Innovation Management
Show full time table