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Developing and Marketing Innovations MØA106

Innovation is the lifeblood of modern economies and a key competitive advantage for firms. At the same time, the ultimate success of a new offering, whether a product or service, is fraught with uncertainties. The development and marketing of new products and services is therefore one of the most critical challenges and daunting tasks faced by any firm. This course covers different stages of the development and marketing process, from opportunity identification to launch.


Course description for study year 2020-2021

Facts
Course code

MØA106

Version

1

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

Upon completion of the course, students will have knowledge of:

  • The different stages of the new product development process;
  • Innovation idea generation and selection in firms and the possibilities of involving consumers in these processes;
  • Innovation introduction and take-off;
  • Diffusion of a new product or service among consumers;
  • Innovation pioneering and entering existing markets with innovations;
  • Quantitative tools to study new products and services and new markets.

Skills

After completion of this course, students will be able to:

  • Apply different conceptual frameworks for marketing decisions in the context of innovation;
  • Apply acquired theoretical knowledge to real-life business problems within the domain of marketing and innovation;
  • Build an innovative mindset;
  • Integrate different perspectives to inform a balanced overall decision.
Content
The course consists of three key parts: (1) Innovation Generation and New Product Development, (2) Launching and Positioning Innovations in the Marketplace, and (3) Adoption and Diffusion of New Offerings. As such, the course illustrates recent developments in innovation and marketing and show-cases the possibilities to involve consumers in the process.
Required prerequisite knowledge
None
Exam

Paper (individual) and Portfolio (group)

Form of assessment Weight Duration Marks Aid
Paper (individual) 1/2 1 Semesters A - F All.
Portfolio (group) 1/2 1 Semesters A - F

Students failing the portfolio evaluation will be granted the opportunity of taking a deferred exam. This exam will take the form of new written individual assignments

Coursework requirements
Presentation and powerpoint submission
70% attendance of all mandatory sessions starting from week 1 of teaching.
Course teacher(s)
Course coordinator: Erik Lee Olson
Method of work

Lectures, group work, and independent study. The estimated distribution of ECTS work hours are as follows:

1. Lectures and student seminars: 50 hours

2. Group work: 110 hours

3. Independent study of course material 120 hours

Open for
Master in Accounting and Auditing Business Administration - Master of Science Business Administration - Master of Science (5 years)
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)
Developing and Marketing Innovations (MSB106) 10
Literature
Search for literature in Leganto