2016/2017 KAN-CSMCO1043U Marketing, Creativity and Innovation
English Title | |
Marketing, Creativity and Innovation |
Course information |
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Language | English |
Course ECTS | 15 ECTS |
Type | Mandatory |
Level | Full Degree Master |
Duration | One Semester |
Start time of the course | Autumn |
Timetable | Course schedule will be posted at calendar.cbs.dk |
Study board |
Study Board for MSc in Economics and Business
Administration
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Course coordinator | |
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Main academic disciplines | |
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Last updated on 17-08-2016 |
Learning objectives | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
To achieve the grade 12, students
should meet the following learning objectives with no or only minor
mistakes or errors: At the end of the course the excellent student
is expected to be able to:
1. Describe, illustrate and discuss using academic language what characterize the process of radical product/service, business model, brand and channel innovation, and thereby recognize existing models on innovation, entrepreneurship and creative management in the literature. 2. Structure and discuss the impact of various factors on an organizational, group and individual level, on firms’ ability to successfully and continuously create new market opportunities by enacting innovation processes. 3. Explain and discuss using academic language the difference and the relatedness between different types of innovations (as for example: incremental vs. radical, product vs. brand innovations). 4. Structure, illustrate and discuss marketing’s contribution (as a business process and field of competences and capabilities) on the performance of firms’ innovation visions and strategies. 5. Create and argue for (orally and in writing) a ‘blue ocean strategy’ from an external and an internal company perspective and thereby apply and integrate the literatures methods, framework and principles for identifying and implementing a ‘blue ocean’. |
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Examination | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
The exam in the subject consists of two parts:
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Course content and structure | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Duringthe first part of the course, we reflect on ‘the context of marketing’. A discussion of changes in how marketingis and has been viewed in the literature is initiated. In relation to this, the terms mental models and dominant marketing logic is introduced to highlight the active role that companies’ executives, corporate managers of marketing inclusive, have in setting the scene for how marketing is conceptualized and realized. Furthermore, we discusshow to understand consumers’ attitudes and behavior towards market innovations andthe implication of sustainability, as representing and important emerging mega trend in business and societyonthe practice of innovation and marketing management. In a second part we explore and discuss the meaning of creativity and perception in the management of innovation, creativity and marketing processes, as compared with approaching innovation from a traditional market learning (discovering) perspective. Additionally, we explore various creative techniques for identifying new market opportunities and for implanting a proactive view on markets and marketing within and outside the marketing function. Thereafter, in the third part, the course turns to the following key terms of the SMC concentration: corporate entrepreneurship, innovation management, NPD and co-creation. It begins with exploring the meaning (-s) in the literature of these terms and their relatedness. This is followed by a discussion of what sets innovation driven and design conscious companies apart from their counterparts. When discussing the latter, we ‘look into’ evolvement and new ways of managing innovation processes of products, brands and of market channels. Finally, a fourth theme in the course deals with the challenge of managing exploitative and explorative innovation simultaneously. We thereby discuss how different innovation strategies affect company performance. In other words, the course ‘Marketing, Creativity and Innovation’ consists of the following four highly related parts:
Progression
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Teaching methods | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
The course consists of lectures, case-works and a semester project. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Student workload | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Expected literature | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
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