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Strategies for Innovation Management MØA416

Innovation is increasingly important for the development and competitiveness of firms and to delivering social as well as economic values for societies. Today’s most successful firms compete mainly through innovation, whether in the form of continuous development of new products, improvement of processes or organizational forms, or identification of new markets. In order to survive in the knowledge economy, firms need strategies for what kind of innovations to pursue and how to promote innovation by designing the necessary preconditions. In this context, knowledge and understanding of innovation is an important asset. Additionally, innovations increasingly should contribute with generating social and environmental values, addressing Grand Social Challenges. Through this course, students will develop a critical perspective of the firm strategies for the management of the innovation processThrough investigation of the innovation processes in the real private or public organization during the course, students will acquire the skills to assist in managing the firm innovation process in a responsible way. Students enrolled to this course have the opportunity to work closely with InGenious cases, alternatively to cases found in their own network.

InGenious is a collaborative project of the Stavanger University with local firms, that is designed in collaboration with the European Consortium of Innovative Universities (ECIU). Thus, students will get opportunity to work in close collaboration with companies in the region of Stavanger.


Course description for study year 2020-2021. Please note that changes may occur.

Facts
Course code

MØA416

Credits (ECTS)

10

Semester tution start

Spring

Number of semesters

1

Exam semester

Spring

Language of instruction

English

Offered by

UiS Business School, UiS Business School

Learning outcome

Knowledge

Through the course, students will develop a solid understanding of the scholarly debate on innovation in the management sciences, including:

  • The importance of innovation to firms
  • Identifying strategic capabilities
  • Sources and the process of innovation
  • Strategies for innovation
  • Sustainability-oriented

Skills

Students will be able to: 

  • Present and critically assess different scholarly theories and hypotheses, as well as strategy and/or policy statements, related to innovation
  • Conduct an analysis of the drivers and/or outcomes of innovation in real firms
  • Discuss different strategies for promoting innovation in a firm
  • Contribute to the management of a firm’s innovation process
Content
The course will take up the following topics:
  • Disruptive innovation
  • Exploring innovation space
  • Innovation as a process
  • Sources of innovation
  • Dynamic capabilities
  • Innovation strategy
  • Lean for innovation
  • Innovation in public organizations
  • Sustainable-oriented innovation
  • Stage-gate process, agaile model of innovation
  • Open innovation
Required prerequisite knowledge
None
Exam
Form of assessment Weight Duration Marks Aid
Group (max. 3 students) or Individual Written Assignment 1/1 1 Semesters A - F All.

Coursework requirements
70% Compulsory attendance at lectures
It is mandatory to participate on minimum 70% of lectures. It is mandatory to deliver one presentation in the end of the course (either group work or individual). Final deliverable is written work of no less than 4500 words (individual) og 6500 words (in group).
Course teacher(s)
Course teacher: John Robert Bessant
Course coordinator: Andra Riandita
Course teacher: Elin Merethe Oftedal
Course teacher: Marte Cecilie Wilhelmsen Solheim
Method of work

The sessions will be organized as a combination of lectures, group discussions and group/individual presentations. Active participation in class is expected. It is desirable that students work together in groups, of 2 or 3 students. Between sessions, participants must work independently in groups with assignments or other deliverables agreed with the lecturers. Assignments will be based on practicing innovation tools that can be applicable in the real-life situations. It is mandatory to deliver one written work and presentation in the middle of the course (either group work or individual). Students will receive feedback on that assignment but not a formal grade. Final deliverable is written work of no less than 4500 words (individual) or 6500 words (in group).

Expected workload: 250-300 hours

Lectures: 60 hours

Self-study: 100 hours

Assignments - included contact with firms: 120 hours

Open for
The course is open to all Master's students within the University of Stavanger.
Course assessment
Students will have the opportunity to give feedback on the course first in an early dialogue, and then in a written course evaluation at the end of the course.
Overlapping courses
Course Reduction (SP)
Business development and innovation: The firm perspective (MSB416) 10
Literature
Search for literature in Leganto