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2011/2012 KAN-CM_N73 Economics and Management of Innovation
| English Title | |
| Economics and Management of Innovation |
Course Information | |
| Language | English |
| Point | 7,5 ECTS (225 SAT) |
| Type | Elective |
| Level | Full Degree Master |
| Duration | One Semester |
| Course Period |
Autumn
Pending schedule: Thursday 13.30-16.05, week: 36-37, 39-41, 43-47 |
| Time Table | Please see course schedule at e-Campus |
| Study Board |
Study Board for MSc in Economics and Business Administration |
| Course Coordinator | |
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| Administrator: Ida Lyngby - il.eco@cbs.dk | |
| Main Category of the Course | |
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Taught under Open University-Taught under open university. | |
| Last updated on 29 maj 2012 | |
| Learning Objectives | |||||||||||||||||
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After completing this course, the students should be able to: - demonstrate an understanding of the concepts and theories introduced in the course - identify economic and management issues in actual cases of innovation and technology - apply the concepts and theories introduced in class to these cases - analyze the economic and management problems in these cases, and draw policy (or welfare) as well as management implications | |||||||||||||||||
| Prerequisite | |||||||||||||||||
| While no academic prerequisites are necessary, basic knowledge in introductory economics (or microeconomics) as well as management would be an advantage. | |||||||||||||||||
| Examination | |||||||||||||||||
| 4 hour written exam (open book) | |||||||||||||||||
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| Course Content | |||||||||||||||||
Ideas and innovation have become the most important resource in today's economy. Successful managers should know how to recognize, manage and generate technological innovation for sustained competitive advantage. The course aims at providing the students with a comprehensive understanding of the origins, dynamics and consequences of innovation and intellectual property from an economic and managerial perspective. The first part of the course uses economic concepts to illustrate the nature of technological innovation and how it contributes to the growth of firms, industries and economies.
The second part of the course aims at introducing theories, models and tools that are central to managing the identification, development and commercialization of innovations, plus the consequences of doing so in a competitive environment.
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| Teaching Methods | |||||||||||||||||
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The course’s development of personal competences: The students will gain competences in: -reading and analyzing scientific literature -analytical skills -identifying, developing and evaluating policies to promote innovation -analyzing successful innovation management practices -case analysis related to the economics and management of innovation | |||||||||||||||||
| Literature | |||||||||||||||||
Recommended literature: Greenhalgh, C. and Rogers, M., “Innovation, Intellectual Property, and Economic Growth”, Princeton University Press, 2010, 366 pages. Schilling, M. A., “Strategic management of technological innovation”, McGraw-Hill (3rd edition), New York, 2010. Grimpe, C. and U. Kaiser (2010), “Balancing Internal and External Knowledge Acquisition: The Gains and Pains from R&D Outsourcing”, Journal of Management Studies 47 (8), 1483-1509. Laursen, K. and A. Salter (2006), “Open for Innovation: The Role of Openness in Explaining Innovation Performance among U.K. Manufacturing Firms”, Strategic Management Journal 27, 131-150. March, J.G. (1991), “Exploration and Exploitation in Organizational Learning”, Organization Science 2 (1), 71-87. Scotchmer, S. (2004), “Innovation and Incentives”, MIT Press: Cambridge | |||||||||||||||||