Innovation Management (2225.YR.005189.1)

General information

Type:	OBL	Curs:	1	Period:	S semester
ECTS Credits:	4 ECTS

Teaching Staff:

Group	Teacher	Department	Language
Year 1	Ivanka Visnjic	Operaciones, Innovación y Data Sciences	ENG

N/A.

Prior knowledge. Knowledge of other courses taught in the Master of Innovation and Entrepreneurship is needed for this course. We will build and extend what you have learned in the prior classes, such as Design Thinking. I look forward to accommodating participants with different backgrounds and I expect diversity to drive teamwork creativity.

Mindset, attitude and intrinsic knowledge. Participation in the classroom is instrumental for the success of the course. Thus, participants should be prepared to participate in class discussions and take part in group projects. This implies capacity to come up with arguments and ideas, the audacity to share it with others and openness to receiving constructive criticism. Equally, it implies the ability to listen attentively and criticize constructively the arguments of others. Your arguments should be carefully thought-through and backed by evidence and logic.

In class:
- Lectures, invited speakers and discussion: about 30%
- Simulation & experiential learning: about 30%
- Exercises & role play: about 30%
- Tutoring/feedback (work in class on final exercise): about 10%

Outside of class:
- Independent work (reading materials at home): about 2h per class
- Group work (homework preparation): about 1h per class
- Final project & exam preparation: about 10h

Class 1 - Innovation outcome: What is innovation and how do teams innovate? The objective of this class is to clarify what successful innovation represents and why large companies innovate.
Class 2 - Innovation process: The objective of this class is to start understanding how the innovation process unfolds. In light of that, we will explore learning by doing approach (a.k.a. trial & error or iterations).
Class 3 - Innovation project: How to manage an innovation project trajectory and for several projects? The objective of this class is to learn how an innovation manager navigates innovation funnel.
Class 4 - Innovation organization: How to organize people working on the innovation projects, get support of the key stakeholders and partner with the ecosystem? The objective of this class is to learn how to manage people involved in innovation.
Class 5 - Innovation portfolio: How to create and maintain a balanced set of innovation projects? The objective of this class is to learn what represents a balanced portfolio and how an innovation manager should create and maintain it.
Class 6 - Sustaining innovation: Sustaining innovations contribute to short to midterm performance. Sustaining innovation often requires skills and expertise that are not found inside of the company yet are complementary or intertwined with them. How do you make sure that your company is building yet also going beyond the existing competencies to churn sustaining innovations?
Class 7 - Disruptive innovation: Disruptive innovations threaten to make companies existing business model obsolete. Disruptive innovations usually require entirely different operating approach and business model. How do you make sure that your company is future-proofing against potential disruptions?
Class 8 - Moonshot innovation: Moonshot innovations aim to solve big societal challenges usually by leveraging breakthrough technology. Moonshot innovations have extremely high risk/reward ratios. Should your company become a moonshot innovator, and how?

A mandatory preparation pack will be made available on Moodle before the course.
As we go through the course I will be recommending specific literature in the context of our classes.

Group	Teacher	Department
Year 1	Ivanka Visnjic	Operaciones, Innovación y Data Sciences