Innovation Management
| Module title | Innovation Management |
|---|---|
| Module code | BEMM178 |
| Academic year | 2024/5 |
| 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
NB: The title, ordering and specific content of these lectures may vary according to the emergence of new topics in the field.
Learning activities and teaching methods (given in hours of study time)
| Scheduled Learning and Teaching Activities | Guided independent study | Placement / study abroad |
|---|---|---|
| 20 | 130 | 0 |
Details of learning activities and teaching methods
| Category | Hours of study time | Description |
|---|---|---|
| Scheduled Learning and Teaching Activity | 20 | A mix of lectures, seminars, assessment clinics, and student group discussions and presentations |
| Guided Independent Study | 25 | Preparation for student group discussions and presentations |
| Guided Independent Study | 105 | Research for and writing of final project report |
Formative assessment
| Form of assessment | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
|---|---|---|---|
| Student group presentations on innovation topic- Regular verbal feedback on presentations and discussions | 4-6 groups x 10-12 min presentation and Q&A | 1-6 | Verbal |
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 (+/- 10% of the total wordcount allowed) | 1-6 | Written |
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 | Individual project report, 4,000 words (100%) | 1-6 | Referral/Deferral Period |
Re-assessment notes
Deferral – if you have been deferred for any assessment you will be expected to submit the relevant assessment. The mark given for a re-assessment taken as a result of deferral will not be capped and will be treated as it would be if it were your first attempt at the assessment.
Referral – if you have failed the module overall (i.e. a final overall module mark of less than 50%) you will be expected to submit the relevant assessment. The mark given for a re-assessment taken as a result of referral will be capped at 50%.
Indicative learning resources - Basic reading
Indicative reading: Basic/Core text
- 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 journal and report 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
- California Management Review, https://cmr.berkeley.edu/
- Harvard Business Review, https://hbr.org/
- MIT Sloan Management Review, https://sloanreview.mit.edu/
- MIT Technology Review, https://www.technologyreview.com/
- Organisation for Economic Co-operation and Development, https://www.oecd.org/innovation/
Indicative learning resources - Web based and electronic resources
Classic and contemporary innovation (especially digital innovation) topics from a variety of journals, reports, case studies and other sources
| 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 | 26/01/2024 |
