BST 3010 Innovation Management
BST 3010 Innovation Management
Management of innovation projects and development of innovation strategy have become crucial to many businesses and organizations. The course aims at giving an in-depth understanding of the complex task of managing innovation within and across organizations. We will in every class combine theory and practice, e.g. by inviting guest lecturers from various businesses and organizations, and case work. Innovation will be studied in the interfaces between markets, technology and organization. The lectures, class discussions, and group work, as well as selected literature will help students understand a complex and important subject.
In this course the students will both be working with practical cases from real companies' innovation challenges, and in-depth studies of the litterature on innovation management. Examples of such cases could be ICT-solutions for healthcare, product development in the food industry, and commercialization of environmental technologies at an innovation park. During recent years a growing awareness of the importance of innovation and entrepreneurship has developed, and this field is now one of the highest priorities of the Norwegian Government, which published the white paper called "An innovative and sustainable Norway", in the fall of 2008.
This is a composite generic course that is intended as a specialization undergraduate course. The course may be selected by all 3rd-year bachelor students, since it does not require prior knowledge in a specific field. The course will be offered in the students 5th (course, 15 ECTS) and 6th semester (bachelor thesis, 15 ECTS).
Please Note!
To some extent the course overlaps with the elective course ELE 3701 Innovation and entrepreneurship, 7.5 credits. Consequently a combination of these two courses in a bachelors degree will not be allowed.
In this course the students will acquire knowledge with regard to understanding the complex issue of managing innovation, by focusing on the importance of integration of skills and knowledge within the area of markets, technology and organization.
This course will prepare students for challenges of managing innovation.
The students will become able to understand and analyze the different practices of managing innovation through the use of models and tools in the course.
During the course, the student is expected to develop ability to reflect critically on the role of innovation and entrepreneurship in the economy, as well as on political strategies to support innovation and entrepreneurship in society.
- Introduction: Innovation what it is and why it matters
- Types of innovation & innovation as a core business process
- Creating the innovative organization
- Developing an innovation strategy
- Search: Open innovation & networks
- Innovation policy
- Select: Decision making under uncertainty
- Implementation: New product and service development
- The shaping of markets
- The role of entrepreneurship & new ventures for innovation
- Capturing the benefits: value, performance, knowledge
- Capturing learning from innovation
There will be different means of learning in this course for instance lectures, group work, case studies and case presentations. Firstly, the lectures and the reading of compulsory literature in order to get a grasp of basic concepts and key dilemmas in the field of innovation management are essential. Secondly, different kinds of assignments (student presentations, mandatory quizzes to be delivered, self-reflection reports, hand-ins on given topics, etc.) will be given. These must be completed in order for the student to be allowed to sit for the examination. Finally students are to deliver a term paper based on a case study in a given topic. The term paper can be written in groups of up to 5 persons.
There will be two main types of activity in this semester. Firstly, all students will work in groups to solve practical innovation challenges inside established companies. Secondly, we will work with state-of-the-art theories on innovation management.
For each session we will identify a key theme in innovation management related to technological innovation as well as service innovation, and suggest readings from the book and from selected articles. During each session, we will also work on developing the team process related to the practical project. The students will receive supervision, and share their learning experiences with the other groups in the class. Furthermore, the course will use cases, other teaching tools, and video and audio resources in order to strengthen the learning experience.
The course will also draw upon fresh research resources at the department of Innovation and Economic Organization and other departments. Relevant research (cases and surveys) carried out among several of our colleagues will be presented to provide a deeper insight in specific topics covered in the curriculum.
A reading plan will be provided at the start of the semester.
Final grade in the course will be based on following activities and weights:
Part 1 - Portfolio evaluation, counts 50% of final grade
The portfolio assessment will be based on electronic files and participation in class. The students will develop a systematic set of assignments that will show effort, process, progress, and reflection. Evaluation of peer students will be one of the tools for enhancing learning.
The works in the electronic folder on It's Learning, must be printed and submitted for garding, and shall consist of the following elements:
- Submission of a project sketch: maximum 5 pages. The sketch must include the names of the group participants, the chosen theme and case, and how the students intend to carry out the analysis. The date will be published at the start of the semester.
- Participation in seminars: the students will present their own project and give feedback to their peer students (to be documented by a peer assessment form)
- Group presentations in class on given topics (to be documented by handing in PowerPoint presentations), and submission of a set of small assignments on It’s learning.
- Project paper. Can be written in groups of up to five students, maximum 25 pages.
Part 2 - A three hour individual written examination at the end of the course - counts 50% of final grade.
Kurset forutsetter 2 års høyskoleutdanning innen økonomi og administrasjon, Markedsføring eller tilsvarende.
No specific prerequisites required.
| Assessments |
|---|
Exam category: Submission Form of assessment: Written submission Weight: 50 Grouping: Group/Individual (1 - 5) Duration: 1 Semester(s) Comment: The submission is a result of an electronic portfolio. See explanation under the section Learning process and requirements to student. Exam code: BST30101 Grading scale: ECTS Resit: All components must, as a main rule, be retaken during next scheduled course |
Exam category: Submission Form of assessment: Written submission Invigilation Weight: 50 Grouping: Individual Support materials:
Duration: 3 Hour(s) Exam code: BST30102 Grading scale: ECTS Resit: Examination when next scheduled course |
All exams must be passed to get a grade in this course.
| Course code | Credit reduction |
|---|---|
| ELE 3701 | 100 |
To some extent the course overlaps with the elective course ELE 3701 Innovation and entrepreneurship, 7.5 credits. Consequently a combination of these two courses in a bachelor’s degree will not be allowed.
| Activity | Duration | Comment |
|---|---|---|
Teaching | 72 Hour(s) | |
Prepare for teaching | 140 Hour(s) | |
Group work / Assignments | 38 Hour(s) | Assignments (presentations in class, tests/quiz, reflection notes etc.) |
Submission(s) | 150 Hour(s) | Project paper based on a case study/practical project. |
A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 15 ECTS credit corresponds to a workload of at least 400 hours.