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INNOVATION MANAGEMENT: TOOLS AND CONCEPTS

Module code: MN305
Credits: 5
Semester: 2
Department: BUSINESS
International:

	Overview
	Innovation management is a key aspect of value creation in organisations. This module provides students with a set of tools and concepts that will enable them to participate in, and manage, value creation through innovation over the life of their career. This module presents key concepts, principles and the multidimensional nature of innovation management. Students are introduced to the frameworks, practices, processes, and tools that help companies to develop strategies for their innovation activities, to benefit from different sources of innovation, and to capture value from their innovation activities. The module is structured into four main themes: 1. Key Concepts and Systematisation of Innovation; 2. Innovation Strategy and Organising Innovation Processes; 3. Sources of Innovation; and 4. Selection of Innovation Projects and Capturing Value.

Overview

Innovation management is a key aspect of value creation in organisations. This module provides students with a set of tools and concepts that will enable them to participate in, and manage, value creation through innovation over the life of their career. This module presents key concepts, principles and the multidimensional nature of innovation management. Students are introduced to the frameworks, practices, processes, and tools that help companies to develop strategies for their innovation activities, to benefit from different sources of innovation, and to capture value from their innovation activities. The module is structured into four main themes:

1. Key Concepts and Systematisation of Innovation;
2. Innovation Strategy and Organising Innovation Processes;
3. Sources of Innovation; and
4. Selection of Innovation Projects and Capturing Value.

	Learning Outcomes
	On successful completion of the module, students should be able to: Explain the different types of innovation and the nature of innovation as a core process of sustainable business; Describe the organisational as well as the environmental contexts for innovation and developing innovation strategies; Explore various sources of innovation; Use techniques of business case assessment and project selection in the face of uncertainty; and Plan exploitation of innovation through different appropriability strategies and new business models.

Learning Outcomes

Teaching & Learning methods

Assessment

	Autumn Supplementals/Resits
	Are supplemental/resit registrations permitted? Yes Continuous assessment marks from first sitting of this module will be carried forward into the Autumn repeat assessment cycle. University scheduled written examination (Autumn): 90 minutes Is Supplemental Continuous Assessment registration permitted? No Is Supplemental Continuous Assessment capped? No

Timetable

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Courses / Module

INNOVATION MANAGEMENT: TOOLS AND CONCEPTS

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