Valid for: 2018/19
Decided by: PLED I
Date of Decision: 2018-03-20
Elective for: F4, I4, I4-ai
Language of instruction: The course will be given in English
The course Innovation Management aims (1) to provide students
with fundamental knowledge of the phenomenon of innovation and
innovation processes from the perspective of firms and
organizations, and (2) to enable students to use basic theoretical
and practical tools to understand and handle real-world innovation
processes; technology development and innovation strategy, such as
strategies for product development (goods and services).
It will offer an overview of available tools for supporting
technology development and its related organizational
structures.
.
Knowledge and understanding
For a passing grade the student must
Competences and skills
For a passing grade the student must
• Compare the different available tools and decide upon the
most adequate one according to the specific characteristics of the
firm.
• Demonstrate the practical application of the tools in
group-work based weekly assignments.
• Scan technological solutions and identify those options that
fit best with regard to the firm's competencies and resources.
• Communicate the learning outcomes through presentations and
leading the discussion.
Judgement and approach
For a passing grade the student must
• have the ability to independently analyze how contextual
factors affect innovation activities in firms,
• have the ability to critically analyze the role of innovations
in society.
Innovation is becoming increasingly complex. As global
competition increases and product life and development cycles are
shortened, firms need to maintain their technological leadership if
they want to survive and grow over time.
Companies face challenges as they seek to manage innovation and
translate technological, market related, economic, institutional
and organizational opportunities into competitive advantage. In
order to overcome such obstacles, the firm needs a solid
understanding of the dynamic character of the innovation process
and competence to analyze and understand its resource needs, and
how to mobilize those resources.
Sustained innovation is only possible when the firm has a series of
internal and external routines to scan the environment in search of
technological opportunities, select those opportunities that are
related to their technological competencies, obtain the resources
to turn those opportunities into new products, market them and
learn from the past.
The course provides students with a broad array of tools and
concepts available to detect technological opportunities in the
environment and manage the process of turning an idea into a new
product.
The course will be very practical and students will work in groups
with the different concepts/tools.
Grading scale: TH - (U,3,4,5) - (Fail, Three, Four, Five)
Assessment: Assessment takes place through a written exam (70% of the final grade) and group exercises (30% of the final grade). Participation in group exercises are mandatory and the student must pass the group assignments before taking the written exam. If a student cannot attend a group exercise, a supplementary assignment may be required. Parts: 2.
The examiner, in consultation with Disability Support Services, may deviate from the regular form of examination in order to provide a permanently disabled student with a form of examination equivalent to that of a student without a disability.
Parts
Code: 0113. Name: Group Exercises.
Credits: 2,5. Grading scale: UG. Assessment: Passed written assignments and project works. Further information: A re-examination possibility will only be offered to students that have not received a passing grade.
Code: 0213. Name: Written Examination.
Credits: 5. Grading scale: TH. Assessment: 5: awarded if you have clearly met all the objective, displaying deep knowledge of the base content, original and creative thinking, perhaps going beyond the established practice; 4: awarded when all objectives have been met very well and effectively; 3: awarded when the objectives have been addressed satisfactorily, or where the evidence is strong for some objectives, weaker but acceptable in others. Further information: A re-examination possibility will only be offered to students that have not received a passing grade.
Required prior knowledge: MIO012/MIOA12/MIOA01 Managerial Economics and MIO022 Management Organization.
At least three years approved full time education at university level (or a Bachelor degree).
The number of participants is limited to: No
The course overlaps following course/s: INN001, INN010
Course coordinator: Universitetslektor Torben Schubert, torben.schubert@circle.lu.se
Course coordinator: Lars Bengtsson, lars.bengtsson@design.lth.se
Course homepage: http://www.innovationengineering.lth.se/education/undergraduate-courses/