Innovation Management

Module title	Innovation Management
Module code	BEMM178
Academic year	2023/4
Credits	15
Module staff	Dr Tausif Bordoloi (Convenor)

Duration: Term	1	2	3
Duration: Weeks	11 - Sept start	11 - Jan start

Number students taking module (anticipated)	100

Module description

Innovation is an essential element in determining and maintaining competitiveness, and in ensuring the long-term survival of enterprises. Without innovation and the adoption of innovative technology, the chances of a firm to be competitive in the world arena diminish. This module focuses on the interfaces between technology and innovation from managerial perspectives. The key objective is to provide students with a thorough understanding of the importance of innovation in a firm’s business strategy as well as exploring the many different challenges facing managers responsible for the long-term development of their business.

Confident Thinkers

You will develop knowledge and understanding of the main themes and contemporary issues in innovation management.

Determined Creators

You will be able to develop and defend a logical well developed critical argument and to apply the knowledge and skills to a variety of real-life business scenarios.

Ambitious Enquirers

Using case materials, you will be able to engage yourselves in analysing innovative firms and make logical and informed recommendations.

Module aims - intentions of the module

This module develops student’s basic understanding and awareness of the process, principles and practices which are the building blocks of innovation. The core elements of innovation will be explored in relation to different business types. In addition, the module will develop students’ ability/skills to approach and analyse a variety of innovation management topics. This module aims to provide students with an understanding of how they, as future leaders of innovative organisations, can recognise and harness innovation, and create and enhance competitive advantage. Regular case analysis and feedback is used to provide formative assessment of students’ progress in both understanding theory and developing cognitive skills.

Intended Learning Outcomes (ILOs)

ILO: Module-specific skills

On successfully completing the module you will be able to...

1. critically discuss the importance of technological change and the impact of innovation on firms.
2. discuss the tools and techniques of innovation management within a variety of business scenarios.

ILO: Discipline-specific skills

On successfully completing the module you will be able to...

3. justify the use of specific management behaviours and factors in supporting and sustaining innovative cultures across diverse types of businesses.
4. evaluate market led, and internally driven innovation, and explore the effective management of sustainable innovation in the context of competition.

ILO: Personal and key skills

On successfully completing the module you will be able to...

5. present competent and persuasive analysis of the contribution of innovation to business performance.
6. demonstrate independent research and study skills and present analytical findings in written and oral formats.

Syllabus plan

Introduction – Importance of innovation to firms, key concepts, categories, and sources of innovation
Context of leading innovation – how significant the collaboration is and how to acquire technology and other resources for a core business process
Theories and frameworks for managing innovation
Managing innovation process – Exploring innovation systems in different contexts
Contemporary aspects of innovation – Innovation case analysis
New product/service development and business models innovation

Learning activities and teaching methods (given in hours of study time)

Scheduled Learning and Teaching Activities	Guided independent study	Placement / study abroad
16	134	0

Details of learning activities and teaching methods

Category	Hours of study time	Description
Scheduled Learning and Teaching Activity	11	Lectures (11 x 1 hour)
Scheduled Learning and Teaching Activity	5	Workshops (5 x 1 hour)
Guided Independent Study	25	Preparation for workshop
Guided Independent Study	109	Research for and writing of final project report

Formative assessment

Form of assessment	Size of the assessment (eg length / duration)	ILOs assessed	Feedback method
Small group presentations on innovation topic - Regular verbal feedback on in-class presentations online and discussions	4 groups x 10-12 min presentation and Q&A	1-6	Verbal feedback from tutor

Summative assessment (% of credit)

Coursework	Written exams	Practical exams
100	0	0

Details of summative assessment

Form of assessment	% of credit	Size of the assessment (eg length / duration)	ILOs assessed	Feedback method
Individual project report	100	4,000 words	1-6	Assessment grade: Written feedback from tutor

Details of re-assessment (where required by referral or deferral)

Original form of assessment	Form of re-assessment	ILOs re-assessed	Timescale for re-assessment
Individual project report (100%)	Re-work and re-submit individual project report, 4,000 words (100%)	1-6	August/September Reassessment Period

Indicative learning resources - Basic reading

Indicative reading: Basic/Core text

- Tidd, J. & Bessant, J. (2018). Managing Innovation: Integrating Technological, Market and Organizational Change, 6^th Ed., Wiley: New Jersey.

- Trott, P. (2016). Innovation Management and New Product Development, 6^th Ed., Prentice Hall: London.

Supplementary journal reading:

- Technological Forecasting and Social Change, https://www.journals.elsevier.com/technological-forecasting-and-social-change

- Technovation, https://www.journals.elsevier.com/technovation

- Journal of Product Innovation Management, https://onlinelibrary.wiley.com/journal/15405885

- Research Policy, https://www.journals.elsevier.com/research-policy

Indicative learning resources - Web based and electronic resources

ELE based discussion forums
Various journal articles – contemporary innovation issues from a variety of relevant publications
Case studies which will require in-depth analysis for in-class presentation activities

Key words search

Innovation, technology management

Credit value	15
Module ECTS	7.5
Module pre-requisites	None
Module co-requisites	None
NQF level (module)	7
Available as distance learning?	No
Origin date	14/02/2020
Last revision date	17/10/2022