Innovations and Business Management (5 cr)

Objectives (course unit)

The course provides theoretical overview and tools to successfully run a business driven consultation project. It provides insights of product and services development process and the positioning of innovation into right marketplace. Also, creating a reasonable business model and basics of ensuring the intellectual property rights (IPR’s) are discussed.

After completing the course, students will be able to:

Use different innovation methods in practice
Evaluate the business feasibility of innovations, products and services
Understand the product and service design process phases
Identify the critical phases of product and service design projects

Content (course unit)

How to foster innovations?
How to develop products and services from innovations?
What are intellectual property rights and how to ensure them?
How to evaluate project business feasibility?

Prerequisites (course unit)

-

Location and time

-

Exam schedules

-

Assessment methods and criteria

Evaluation is based on the individual "Innovation management handbook" and participation into course activities.

Assessment scale

0-5

Teaching methods

Lectures
Groupwork
Individual working

Learning materials

Kim, W.Chan & Mauborgne, Renee: Blue Ocean Strategy
Selected articles available in Tabula

Student workload

5 credits *27 hours of work = 135 hours of work

Content scheduling

3rd period

Completion alternatives

None

Practical training and working life cooperation

-

International connections

-

Further information

This course is only for those who are taking the whole module "Innovations and business development"

Assessment criteria - fail (0) (Not in use, Look at the Assessment criteria above)

Student is not able to describe the basic theories and practical tools related to innovation management.


No "Innovations Management" -handbook returned OR
the handbook doesnt include the needed content OR plagiarism in handbook.
No participation into lectures.
No participation into online task.

Assessment criteria - satisfactory (1-2) (Not in use, Look at the Assessment criteria above)

Student demonstrates satisfactory knowledge of innovation management theories and practical tools.


Handbook describes the theories for innovation management to answer the questions in the handbook guidance.
Student has participated into online task.

Assessment criteria - good (3-4) (Not in use, Look at the Assessment criteria above)

Student demonstrates good knowledge of innovation management theories and practical tools and shows the ability to apply them into business life cases.


Handbook describes the theories for innovation management to answer the questions in the handbook guidance.
Handbook includes reflections for writer's own opinions and/or experiences.
Participation into online task.

Assessment criteria - excellent (5) (Not in use, Look at the Assessment criteria above)

Student demonstrates excellent knowledge of innovation management theories and practical tools and shows the ability to apply them into business life cases. Student demonstrates ability to criticize the use of theories and practical tools.

Handbook describes the theories for innovation management to answer the questions in the handbook guidance.
Handbook includes reflections for writer's own opinions and/or experiences.
Handbook includes critical thinking towards the theories.
Active participation into lectures.
Participation into online task.