Management of Innovation

The course of "Management of Innovation" aims to provide students with a thorough understanding of innovation as a concept and its significance in contemporary business environments, emphasizing its role in enhancing competitiveness and sustainability. Students will learn to identify and explore diverse sources of innovation, encompassing technological, market, and organizational dimensions. The course will introduce the principles of design thinking, emphasizing user-centric problem-solving and iterative design processes. Students will gain the knowledge to analyze, create, and modify business models, emphasizing strategies for value creation, capture, and delivery. Various patterns of innovation, including product, process, service, and disruptive innovation, will be examined, allowing students to understand their implications for industry dynamics. Additionally, the course will delve into the timing and pacing of innovation, encompassing the adoption and diffusion of new technologies and strategic timing considerations. Students will engage in critical debates concerning innovation, considering ethical, social, and environmental dimensions. The course will equip students with the tools to implement innovation control mechanisms for effective management of innovation processes within organizations. Upon completion, students will have the expertise to drive innovation across diverse organizational contexts.

Upon successful completion of the course, students will be proficient in defining and discerning various forms of innovation and their applicability to different industries and sectors. They will demonstrate the ability to identify and evaluate sources of innovation both within organizational boundaries and in the broader external environment. Applying the principles of design thinking, students will exhibit aptitude in tackling complex issues and generating innovative solutions, emphasizing user-centricity and iterative design. They will develop and analyze business models, showcasing their capacity to foster innovation, drive value creation, and establish competitive advantages. Recognizing patterns of innovation and discerning their strategic implications for business, students will be able to develop sound business strategies. Students will also demonstrate their understanding of the timing and pace of innovation, applying strategic approaches to effectively manage innovation. Engaging in critical debates surrounding innovation, they will consider ethical, social, and environmental facets associated with innovation. Lastly, students will design and implement mechanisms for controlling innovation, revealing their proficiency in managing innovation processes and outcomes within organizations. This comprehensive course will equip students with the knowledge and skills required to facilitate innovation across various organizational contexts and to address the evolving challenges in the field of innovation management.