Management of Innovation

• Credit value: 15 credits at Level 5
• Convenor: Dr Marion Frenz
• Tutors: Professor Daniele Archibugi, Dr Marion Frenz, Professor Helen Lawton Smith
• Prerequisites: Management Studies I and Management Studies II
• Assessment: a two-hour examination (100%)

In this module we introduce you to key concepts and theories in innovation studies. We examine how firms manage innovation processes, explore different knowledge sources for innovation and look at innovation strategies. A range of different methods used by firms to protect their innovations from imitation is evaluated.

You will also learn about wider framework conditions that have a bearing on business innovation, including availability of finance for innovation, public policies and agencies promoting innovation.

Indicative syllabus

• What do we mean by innovation?
• Different types of innovation
• Theories of technological change
• Sources of knowledge
• The process of innovation
• Managing for innovation
• Intellectual property rights
• Innovation strategy
• Green innovation

By the end of this module, you will be able to:

• distinguish between different types of innovations
• take innovative business ideas to create new products, services or organisational processes
• identify key factors influencing firms' innovation performance
• appreciate the relevance of intellectual property rights, standards and innovation policies in specific contexts
• understand the impact of different types of innovations on the firm, economy and society as a whole.