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Management of Innovation

Overview

Module description

This module provides an introduction 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 module syllabus

  • What do we mean by innovation?
  • Different types of innovation
  • Theories of technological change
  • The process of innovation
  • Managing for innovation
  • Intellectual property rights
  • Innovation strategy
  • Funding for innovation
  • National systems of innovation

Learning objectives

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.