Innovation Management

Module description

Innovation is an essential element in determining and maintaining competitiveness, and in ensuring the long-term survival of enterprises. Without innovation and technology adoption, the chances of firm to be competitive in the world arena become obsolescence. This module focuses on the interfaces between technology and innovation from managerial perspectives. The key objective is to provide managers and practitioners a thorough understanding of the importance of innovation in firms’ business strategy as well as of 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 business real life situations.

Ambitious Enquirers

  • Through the use of case materials you will be able to engage yourselves in analysing innovative firms and make logical and informed recommendations. You will then gain skills of how to apply innovation models to the understanding of different businesses. 

Full module specification

Module title:Innovation Management
Module code:BEM3058
Module level:3
Academic year:2019/0
Module lecturers:
  • Professor Nazrul Islam - Convenor
Module credit:15
ECTS value:

7.5

Pre-requisites:

none

Co-requisites:

none

Duration of module: Duration (weeks) - term 1:

11

Module aims

This module develops student’s understanding and awareness of the process, principle and practice which are the building blocks of innovation. The core elements of innovation will be explored in relation to different business types, e.g. start-ups, SMEs, large firms. In addition, the module will develop students’ ability/skills to approach and analyse a variety of innovation management issues. This module aims to provide students with an understanding of how they, as future leaders of innovative organizations, 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.

ILO: Module-specific skills

  • 1. Critically discuss the importance of technological change and the impact of innovation on firms
  • 2. Identify tools and techniques of innovation for assessing a given business scenario

ILO: Discipline-specific skills

  • 3. Justify the use of specific management behaviours and factors in supporting and sustaining innovative cultures across different 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

  • 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

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

Scheduled Learning and Teaching ActivitiesGuided independent studyPlacement / study abroad
211300

Details of learning activities and teaching methods

CategoryHours of study timeDescription
Scheduled Learning and Teaching11Lectures (11 x 1 hour)
Scheduled Learning and Teaching10Workshops (10 x 1 hour)
Assessment and workshop preparation30Preparation and reading / writing for project proposal and workshop
Assessment preparation100Research for and writing of final project report

Formative assessment

Form of assessmentSize of the assessment (eg length / duration)ILOs assessedFeedback method
In workshop group presentations on innovation case - Regular verbal feedback on in-workshop presentations and discussions2 groups x 15 min each week1-6Verbal feedback from tutor

Summative assessment (% of credit)

CourseworkWritten examsPractical exams
10000

Details of summative assessment

Form of assessment% of creditSize of the assessment (eg length / duration)ILOs assessedFeedback method
Individual project proposal201000 words1-6Assessment grade: Written/oral feedback from tutor
Individual project report803000 words1-6Assessment grade: Written feedback from tutor

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

Original form of assessmentForm of re-assessmentILOs re-assessedTimescale for re-assessment
Individual project proposal and Individual project reportIndividual project report 4000 words (100%)1-6August/September reassessment period

Syllabus plan

1. Introduction - Importance of innovation to firms, key concepts, categories, and sources of innovation


2. Context of leading innovationhow significant the collaboration is and how to acquire technology and other resources for a core business process

3. Tools and techniques for managing innovation

– Design and product development process

– Innovation project management

– Innovation process improvement

– Product quality control


4. Systems and strategies of innovation – Exploring innovation systems in different contexts


5. Management of R&D and technology transfer

 

6. Contemporary aspects of innovation – Innovation case analysis

 

7. New product/service development and business models

Indicative learning resources - Basic reading

Indicative reading

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

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

 

Supplementary reading:

Goffin, K. & Mitchell, R. (2016), Innovation Management: Effective strategy and implementation, Palgrave Macmillan: London

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

 

Module has an active ELE page?

Yes

Indicative learning resources - Web based and electronic resources

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

Origin date

24/02/2019

Last revision date

06/03/2019