MSc Management / Course details

BMAN73112 Programme Req: BMAN73112 is only available as a core unit to students on MSc Management

BMAN73112 Programme Req: BMAN73112 is only available as a core unit to students on MSc Management

The aim of the course is to expose students to practical issues and some theoretical frameworks relating to the management of innovation and development of entrepreneurial capacity.

This course is concerned with understanding how incumbent and entrepreneurial firms innovate and develop, acquire and exploit technologies. It deals with: (1) the issues involved in managing innovation and managing the medium-term and long-term development of technologies in firms; and (2) the ways in which business strategies and innovation competencies interact in the firm.

• Knowledge of the innovation system and the role of innovation and entrepreneurship in promoting technical advance and the types of theory that underpin this knowledge.
• Putting theory into practice through case studies
• Skills in analysing uncertain commercial opportunities and responding using appropriate managerial insights drawn from theory and evidence.
• Experience of working in groups to develop team answers to problems.

 

Introduction: What is innovation and entrepreneurship, and why does it matter, e. g., Why do Firms Innovate

The business context for the management of innovation and entrepreneurship, e. g. Intellectual Property Rights; Systems of Innovation;

R&D and the Organisation of Innovation within Firms; Variety within and between Industries, e.g. manufacturing and service-based sectors including Knowledge Intensive Business Services; external knowledge sources for innovation.

Formulating an Innovation Strategy: understanding different types of innovation strategy options available to firms; how Product Life Cycle theory can help strategic decision-making.

How can SMEs exploit entrepreneurship opportunities and become more innovative and competitive Includes theoretical and practical consideration of entrepreneurship and New Venture formations.

Innovation through Collaborative Networks, including the rise of university- industry collaborations and the increasing openness of innovation.

Conclusions - Applying what you have learnt.

Lecture Hours: 2 hrs/week x 11 weeks (1h in-person and 1h online)

Seminar Hours: 1 hrs/week x 10 weeks (in-person)

Private Study: 116 hours

• Knowledge of the innovation system and the role of innovation and entrepreneurship in promoting technical advance
• Knowledge of the types of innovation theory and frameworks that underpin innovation as a process
• Understand key concepts and tools needed to analyse firms’ innovation and technology strategies

• Skills in analysing uncertain commercial opportunities and responding using appropriate managerial insights drawn from theory and evidence.
• To be able to cross-link knowledge about firms’ management of innovation to broader issues such as government regulation, entrepreneurship policies, and competitiveness.

• Putting theory into practice through case studies
• Critically analyse the nature of innovation processes in firms
• Develop their critical reasoning ability in order to appreciate a range of conceptual frameworks

• Experience of working in groups to develop team answers to problems.
• To be able to communicate and present accurate information to a specific audience
• Employ critical thinking skills for the analysis of information, weighting up evidence and arguments and drawing and justifying conclusions
• Self-assessment to identify strengths and weaknesses in knowledge acquisition as well as to adjust study habits based on performance feedback.

Coursework 25%
Exam 65%
Weekly quiz 10%
 

Written and in class including formative feedback on coursework before submission.

Tidd, J., and Bessant, J., 2020. Managing Innovation: Integrating Technological, Market and Organisational Change, Wiley, 7th edition.
Dodgson M, Gann D, Salter A, 2008. The Management of Technological Innovation, Oxford, Oxford University Press, (ISBN: 9780199208531).
 

Informal Contact Method

Pre-arranged individual or group meetings
Answering any queries by meeting students informally after lectures