Study Guide

Objectives (course unit)

• Objectives
This course introduces the fundamentals of innovation project management and how to connect them to the strategy. Innovation projects are here considered as tools to enable strategic change and business transformation. When the student has passed this course he/she will know and understand the following:
- core concepts of innovation management
- Innovation strategy creation in traditional and lean organizations
- how to implement strategic change by using projects
-How innovation projects differ from traditional projects
*
When the student has completed the course he/she can:
- choose appropriate strategic innovation approaches for his/her business
- analyze the strategic choices of his/her business
- act in a role of a innovation champion in a company
- design projects to implement the strategy and change programs
*
When the student has passed this course he/she will be:
- a specialist to contribute to strategic innovation planning in global environment
- a specialist who can bridge the innovation strategy and operations
- a specialist who can implement strategic change by using projects

Content (course unit)

Content
This course introduces the fundamentals of effective innovation and project management in the strategic framework of organizations. Projects are here considered as tools to enable strategic change and organizational development.
The course content will include
• Why strategic innovation thinking is important?
• Core concepts of innovation management and projects
• Innovation Strategy creation in traditional and lean organizations
• How the innovation framework is connected to the project portfolio?
• How to implement strategic change by using projects?

Assessment criteria, satisfactory (1-2) (course unit)

The student knows the basic concepts of innovation, can recognise different innovation types and understands the dynamics of creating and implementing the innovations to commercial products. He/she can do straightforward analysis of innovation concepts, often by receiving assistance from others. The student mainly follows the ideas of others.

Assessment criteria, good (3-4) (course unit)

The student knows well the basic concepts of innovation, can recognise different innovation types, sees the importance of protecting the innovations and understands the dynamics of creating and implementing the innovations to commercial products as a strategic process in a company. The student shows creativity and can justify his/her own ideas.

Assessment criteria, excellent (5) (course unit)

The student masters the basic concepts of innovation, can recognise different innovation types, sees the importance of protecting the innovations and understands the dynamics of creating and implementing the innovations to commercial products as a strategic process in a company. He/she would be ready to take a role of an innovation champion and lead an innovation team. The student is very creative, can justify his/her own ideas well and often takes a lead in getting things done in time and with good quality and well-thought strategy.

Location and time

Lectures / workshops:
03.04.2024 09.00 - 12.00 H1-25 Intro
10.04.2024 09.00 - 12.00 H1-25 Lecture/Workshop
17.04.2024 09.00 - 12.00 H1-25 Lecture/Workshop
24.04.2024 09.00 - 12.00 H1-25 Lecture/Workshop
03.05.2024 09.00 - 12.00 H1-25 Lecture/Workshop
08.05.2024 09.00 - 12.00 C4-04b Lecture/Workshop
15.05.2024 09.00 - 12.00 C4-04b PRESENTATIONS
22.05.2024 09.00 - 12.00 C4-04b EXAM

Exam schedules

22.05.2024 09.00 - 12.00 C4-04b

Assessment methods and criteria

Exam, Individual assingments and group assignments

Assessment scale

0-5

Teaching methods

Contact teaching,
Workshops,
Team assignments,
Individual assignments,
Presentations,
Collaborative learning in teams.
Students will develop an innovative business concept in teams during the course.
Attendance at lectures/workshops is compulsory.

Learning materials

Mackay, David. (2023). Strategy Theory, Practice, Implementation (2. edition). OUP Oxford.
Additional material provided by the teacher in Moodle