Sustainable Business Development and Innovation: The policy perspective (MSB335)
What should firms consider when making decisions on investments in innovation? And what is the role of the government and the effects of various policies and instruments on private firms' innovation processes? Throughout this course, you will be guided into thinking like a business developer, either within a firm, an industry or a region, by applying insights from innovation research to assist decision-making. In addition, throughout this course, you will work on real-life practical policy problems and gain knowledge on providing research-based policy recommendations to decision-makers.
The course is primarily designed for those who intend to pursue a career in innovation research and those who rely on theory for analysing innovation economics to understand the considerations and trade-offs in innovation decisions and the policies to stimulate innovation.
Course description for study year 2023-2024. Please note that changes may occur.
Semester tution start
Number of semesters
Language of instruction
Examples of typical subject areas covered are:
- Research and innovation policy
- Local and regional development policy
- Place-based economic policy, leadership and regulations
- Intellectual property, rights and laws
- Innovative start-ups and policy initiatives
On completion of this course, you will have been introduced to the theory and practice of a number of business functions and responsibilities, and should meet the following learning outcomes:
On completion of the course, students will gain knowledge in:
K1: insight into theory for analysing the economics of innovation to better understand the firms’ considerations and trade-offs in innovation decisions.
K2: the most central theories and debates in the research literature on innovation policy.
K3: the policies at different levels are used to promote innovation and regional development.
K4: how to assess a problem from an innovation policy perspective.
Upon completion of this course, students will be able to:
S1: Provide advice to decision-makers on how to design regulations and instruments which can influence R&D, innovation and productivity of firms, industries or a region.
S2: Provide advice to the management of firms’ innovation processes.
S3: Communication, such as leading a discussion supporting, opposing and presenting a policies strategy and arguments.
S4: Develop and formulate evidence-based policy solutions.
Required prerequisite knowledge
Portfolio and assignment
|Form of assessment||Weight||Duration||Marks||Aid|
|Portfolio - team||1/2||1 Semesters||Letter grades|
|Assignment - individual||1/2||Letter grades|
Portfolio - team, weight ½. 1 semester, Letter grades.Assignment - individual, weight ½. Letter grades.The final grade will be made up of a 50% team portfolio and 50% individual assignment. The team portfolio consists of a portfolio of cases that students will analyze and discuss throughout the semester, equally weighted in the grade determination. The individual assignment will be given after all team cases have been completed. The report for the individual assignment will be due at the end of the semester (the exact date to be determined). No re-sit.