Management of Innovation and Emerging Technology

Management of Innovation and Emerging Technology

Year: 2018-19
Course code: MGT4097
Course credits: 15
Taught: Semester 1
Course co-ordinator
: Dr Wee Meng Yeo
Entry requirements: Normally admission to an honours programme in Business & Management.
Available to visiting students: Yes
Contact for more information: Cherisse McLaren

Course description

Technology is rapidly changing and evolving. This course introduces the theories and practices of innovation management. The course aims to develop conceptual knowledge and practical skills regarding mainly technological innovation. This course will provide students with the opportunity to investigate trends and examine the potential impact of the technology. The course explores areas involving aspects of managing innovation and technology; awareness of new trends in innovation (e.g. big data, crowdsourcing, Industry 4.0, Internet of Things, 3D printing); effective innovation processes and the associated management issues (e.g., how organisations can commercialise their technological innovations and how the associated risks and benefits might be managed), and the characteristics of innovative organisations. The course is organised around lectures, class discussions, and guest speakers from the business, case analysis, exercises, and project work.

Aims

  • To provide students with a conceptually rigorous understanding of analytic frameworks for managing the innovation process. In particular students will be able to examine the patterns and sources of technological change and the mechanisms for capturing the economic and social benefits from innovation as well as to identify the strategic and organisational challenges involved in managing technological innovation.
  • To provide students with the opportunity to develop reflective, analytical and evaluative abilities, and focus the recent technological trends and changes.
  • To provide evidence of different types of technology driven innovation (e.g. disruptive innovation, social innovation and digital innovation), new trends (e.g., crowdsourcing, Internet of Things, Industry 4.0) and approaches (e.g. Through the open innovation paradigm, the participants would appreciate how internal and external ideas and knowledge can be brought together and innovations can be transferred inward and outward through crowdsourcing, licensing, joint ventures and spin-offs, accelerator programme) based on real-world examples.


Intended Learning Outcomes

By the end of this course students will be able to:

1. critically reflect on the role of innovation, learning and knowledge in increasing competitive advantage of organisations.

2. demonstrate and focus on a critical understanding of theory, concepts, models of innovation as well as challenges managers face today in managing innovation and technological changes.

3. apply key innovation management concepts and tools to a given problem or issue.

4. collaborate and present in teams, and reflect on this team experience.

5. reflect critically on the notion of an innovative manager, their competencies, and leadership styles as well as managing knowledge and intellectual property in innovation.


Learning and teaching methods

Lectures and Practical Workshops: 2hrs x 10 weeks

Please refer to MyCampus for timetable.

Assessment

An individual assignment of 2000-2500 words (75%)
Group Presentation-Booklet preparation (25%)