Article

Innovation Management

Erasmus University of Rotterdam | 2017-2018 Academic Year, 2nd Quarter | Timo van Balen
Leiden University catalog number: 5000MRI13

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Innovation management is turning ideas for new products or services to commercial success. This transformation process is typically multi-disciplinary in nature, which means that in practice people from different backgrounds and with various specializations work together.

Course Description

The innovation process combines creativity and arts, marketing and technology, psychology and organizational design, law in relation to patents and to government regulation, and many more fields of expertise. All these different perspectives must be used to select the few good ideas out of hundreds of ideas and to turn those good ideas into commercially successful applications.

Course Outline

  1. Introduction and Entrepreneurial Thinking
  2. Innovation and Strategy
  3. Responsible Idea Generation
  4. Prioritisation and Selection
  5. Implementing Innovations
  6. People and Culture
  7. Synthesis

Approach

The full course consists of 7 classes. The central educational approach for this course is blended learning in which face-to-face classroom methods are combined with computer-mediated activities. In specific, the Innovation Management MOOC of RSM will be used to teach the students the basic concepts and theories of innovation management. 

This online learning is complemented with face-to-face workshops. During those workshops the emphasis is on application of the concepts in the context of responsible innovation. In these sessions, we will discuss a specific case related to responsible innovation management or work on a specific assignment.  In order to be able to participate in these classes students are required to read the case, to read background literature (in the form of articles) and to hand in assignments based on the case and the literature.

Learning Objectives

At the end of this course, students are able to:

  • Recognize and use the terminology and main concepts from the discipline of Innovation Management in general and Responsible Innovation in particular;
  • Carry out a strategic analysis of the market dynamics and consequently formulate the innovation strategy of a particular company and its implications on organizational structure;
  • Understand how the innovation process is managed starting from idea generation to project implementation;
  • Apply the innovation management frameworks, tools and methods to real-life cases;
  • Explain how a selected innovation strategy relates to the firm’s organizational structure, to the allocation of people and resources to projects, and to the execution of specific projects.

Assessment

  • 20 % of the grade: Class participation and preparation: through constructive engagement in class discussions the student can show that they prepared all the class materials beforehand.
  • 30% of the grade: Individual Assignments
  • 20% of the grade: Case Assignment (Group)
  • 30% of the grade: Group assignment in innovation audit

The individual assignments are aimed at applying the theory that is taught in the MOOC. There will be several online tests, each relating to a MOOC episode. Together these tests account for 20% of the grade. The second component of the final grade relates to the cases. A team of students will be assigned to a case, which they will analyze from a specific (theoretical) angle and share their findings in-class through an (interactive) presentation. These presentations will be evaluated through a combination of peer assessment (50%) and traditional assessment by the lecturer (50%), in total accounting for 20% of the grade. The evaluation criteria for these videos are the following:

  • The presentation is well structured and has a clear message
  • The presentation has a convincing and well substantiated message
  • The presentation demonstrates that the students adequately apply the theory to the case
  • The presentation uses theoretical arguments to support the conclusion
  • The presentation clearly demonstrates the added value of the students’ insights
  • The presentation demonstrate that they did additional research to support their findings (e.g. additional theory, desk-research to learn more about the organization focal to the case, etc.)

The final component of this course refers to the innovation audit, which is also a group assignment. This assignment counts for 30% of the final grade and will be evaluated on the following criteria:

  • Report covers all themes adequately
  • Responsible innovation strategy
  • Idea generation
  • Selection and managing an innovation portfolio
  • Implementing responsible innovation
  • People and culture
  • The coherence between the themes is well explained
  • Report makes a critical evaluation of the company regarding how responsible innovation is managed
  • Report makes a critical evaluation of why the observed managerial approach towards innovation is in place
  • Report makes useful suggestions on how to improve
  • The findings of the report are well supported with empirical evidence (quotes from interviewees, reference to website, reports, appendices)
  • The findings of the report are based on multiple sources of information (multiple respondents within the organization, secondary data sources such as website, reports, press releases, internal documents).

Re-sit

Is to be discussed with individual students in line with examination regulations. The re-sit assignment has to be done within a month after completion of the assignment it is a re-sit for.

For students that do not pass the course, the following re-sit options are available:

  • Failing on individual assignments: integrative assessment testing knowledge taught in the MOOC.
  • Failing on the case assignment: new presentation on a new case analysis.
  • Failing on the innovation audit: improve report based on the feedback received.
  • Student cannot do a re-sit class participation.