Valid for: 2020/21
Decided by: PLED I
Date of Decision: 2020-04-03
Main field: Technology.
Elective for: F4, 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: The examination consists of three parts: 1) Project that will be performed in groups and reported in a written report and orally at seminars. 2) Active particpation at case-seminars. Particpation at seminars is compulsory. Non-participation at seminars may require a written supplementary assignment.
3) Individual written report that discusses insights and conclusions from the project from a societal perspective for example from a sustainability and/or ethical perspective.
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.
Assumed prior knowledge: MIO012/MIOA12/MIOA01/MIOA15 Managerial Economics.
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 administrator: Cilla Perlhagen, cilla.perlhagen@design.lth.se
Course coordinator: Kajsa Ahlgren Ode, kajsa.ahlgren_ode@design.lth.se
Course homepage: http://www.innovationengineering.lth.se/education/undergraduate-courses/