Innovation management and impact
Module Summary
Creating new businesses, attracting new customers, developing new products and services, and discovering new value propositions happen, often and increasingly so, through innovation. Shifts in market, the emergence of new technologies, changes in the political and regulatory landscape, competition and globalisation compel both entrepreneurs and existing firms to foster innovation. This module examines the activities, practices and competencies involved in managing innovation in firms, whether they are start-up enterprises or established enterprises, including all variances large or small. The module explores the approach to organise and manage innovation across the range of different types of innovation, whether product, services, technologies, or business models.
Module Outline
Level 7
University Credits 20
ECTS Credits 10
Module description
Aim, nature, context:
The ability of organizations to manage innovation is critical to their survival whether these organizations are small start-up enterprises or large, established multinational enterprises. While competitive advantage can come from size, location, or the possession of unusual and unique resources, the pattern is increasingly favouring those organizations which can mobilize their market through technological skills, experience to create novelty in their products and services, and in the ways in which they create plus deliver these products and services. The aim of this module is to clarify what innovation is, and how it can be organized and managed in enterprises to create value. This module will provide learners with a foundational knowledge of the key concepts and frameworks of innovation and an awareness of their practical application within organizations which is necessary for later practical and theoretical modules in this MSc programme.
Outline:
- Introduction to Managing Innovation in Context
- Content: What is innovation?
- Context (1): Developing a supportive innovation structure
- Context (2): Developing a supportive innovation culture
- Context (3): Developing a supportive innovation strategy
- Process (1) New product development: Product ideas
- Process (2) New product development: Product launch
- Process (3) New product development: Best practices
- Collaboration in innovation: Start-up enterprises
- Outcomes from innovation: In the economy and at society level
The learning experience:
Tutorial/seminar hours represent the minimum total live hours – online or in-person – a learner can expect to receive on this module. These hours may be delivered in tutorial/seminar, lecture, workshop or other interactive whole class or small group formats. These live hours may be supplemented by pre-recorded lecture material for learners to engage with asynchronously.
Delivery Period:
Delivery Period: Trimester 1
Learning and Teaching activities
Total Hours: 200 (Lecture Hours 10, Seminar/Tutorial Hours 20, Programme Level Learning and Teaching Hours 4, Directed Learning and Independent Learning Hours 166)
Assessment
Written Exam 0 %, Coursework 100 %, Practical Exam 0 %
- 100% coursework (individual) – assesses all course Learning Outcomes
Feedback
- Formative: TBC
- Summative: There are two assessments during this module. The course will provide the opportunity for assessment at the midpoint of the module, which will enable learners to understand from this prior to the final assessment.
Learning Outcomes
On completion of this module, the learners will be able to:
- Describe and discuss critically the toolbox of theories, frameworks, and methods to manage innovation at firm level, including their history and current controversies.
- Apply these theories, frameworks, and methods to the management of innovation in any organizational context.
Reading List
- Arundel, A., Bloch, C., & Ferguson, B. (2019). Advancing innovation in the public sector: Aligning innovation measurement with policy goals. Research Policy, 48(3), 789-798.
- Biemans, W. G. (2018). Managing innovation within networks. Routledge.
- Millar, C. C., Groth, O., & Mahon, J. F. (2018). Management innovation in a VUCA world: Challenges and recommendations. California management review, 61(1), 5-14.
- Mousavi, S., Bossink, B., & van Vliet, M. (2018). Dynamic capabilities and organizational routines for managing innovation towards sustainability. Journal of cleaner production, 203, 224-239.
- Nicholls, A. (2018). Managing educational innovations. Routledge.
- Purwanto, A. (2021). Effect of Management Innovation, Transformational Leadership, and Knowledge Sharing on Market Performance of Indonesian Consumer Goods Company. Journal of Applied Management (JAM) Volume, 19.
- Tidd, J., & Bessant, J. (2018). Innovation management challenges: From fads to fundamentals. International Journal of Innovation Management, 22(05), 1840007.
- Tidd, J., & Bessant, J. R. (2020). Managing innovation: integrating technological, market and organizational change (5th Edition). John Wiley & Sons.
