MSc Business Analysis and Strategic Management / Course details

After successfully completing the course, students will be familiar with the main literature and key concepts that help us to understand the key principles of innovation management, mainly from firm level business strategy perspectives. Students will also be briefly introduced to different industry sector insights.

The course consists of the following subject content: introduction to innovation, technology, and business strategy; innovation strategy formulation and external knowledge sourcing; open innovation and corporate venturing; design innovation and business competitiveness; globalisation of innovation including focus on international transfer of knowledge and technology.   

BMAN71942 Programme Req: BMAN71942 is only available as an elective to students on MSc BASM

The aim of the course is to expose students to practical issues and some theoretical frameworks relating to the management of innovation in firms. The course draws on the knowledge-based view of the firm and key innovation theories to examine the interrelationships between business strategy and innovation. The elective considers how, by successfully harnessing innovation, business organisations can open-up new markets and develop new ways to serve existing customers.    

After successfully completing the course, participants should be able to:
Understand the essentials of theory and practice to analyse the innovation process and its implications for business strategy and industrial organisation.

Understand the interrelationship between business strategy, technology & innovation, the impact of innovation on business performance and the issues that arise for the managers of business organisations in managing innovation processes inside firms.

After successfully completing the course, participants should also be able to:

Apply and critically evaluate theoretical frameworks related to innovation management and business strategy to case studies.

Act as a reflective professional by being able to learn from practice by critically evaluating ideas used in a given business context.

Introduction: Innovation, technology & business strategy.  

What is innovation and why does it matter?

External knowledge sourcing for innovation.  

Designing & implementing an Innovation Strategy.

Open innovation business model & corporate venturing.  

Role of small firms in innovation.

Design innovation and business competitiveness.

Globalisation of innovation and reverse innovation.  

International transfer of knowledge & technology.

Review of the course: applying what you have learned and exam discussion. 

Work in small teams – recognising and identifying views of others and working constructively with them. 

Written open book examination (100%)

Informal advice and discussion during a lecture, seminar, workshop or lab

Responses to student emails and questions from a member of staff including feedback provided to a group via an online discussion forum

Written and/or verbal comments on assessed or non-assessed coursework

Generic feedback posted on Blackboard regarding overall examination performance

Tidd, J. and Bessant, J. (2024) ‘Managing Innovation: Integrating Technological, Market and Organisational Change’, 8th Edition, ISBN  978-1394252060. Wiley & Sons: Chichester.

Note: A list of recommended readings, mainly papers from key innovation journals (e.g. Research Policy, R&D Management and Technovation), will be provided for each session topic in the full course specification.

 

 

Informal contact methods

Office hours

Drop in surgeries (extra help for students on material they may be struggling with)