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2017/2018  DIP-DIMAO1000U  Core Lecture in Management and Economics of Innovation

English Title
Core Lecture in Management and Economics of Innovation

Course information

Language English
Course ECTS 10 ECTS
Type Mandatory
Level Graduate Diploma
Duration One Semester
Start time of the course Autumn
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for Graduate Diploma in Business Administration
Course coordinator
  • Jörg Claussen - SI
Main academic disciplines
  • Innovation
Last updated on 07-06-2017

Relevant links

Learning objectives
To achieve the grade 12, students should meet the following learning objectives with no or only minor mistakes or errors:
  • An ability to evaluate the role of innovation and its impact on the establishment, growth and competitiveness of organizations.
  • Understanding the foundations of technological innovations in the form of sources of innovations, types and patterns of innovation, and market entry.
  • Being able to formulate and assess an organization’s technology strategy, consisting of strategic direction, choosing of innovation projects, collaborating with others, and protecting innovations.
  • Understanding the requirements for implementing a technological innovation process, including how firms organize for innovations, how they manage their new product development process and their product development teams, and how to craft a deployment strategy.
  • An ability to link the concepts, theories and methods from the course curriculum to a practical case.
Core Lecture in Management and Economics of Innovation:
Exam ECTS 10
Examination form Home assignment - written product
Individual or group exam Individual exam
Size of written product Max. 10 pages
Assignment type Written assignment
Duration 48 hours to prepare
Grading scale 7-step scale
Examiner(s) One internal examiner
Exam period Autumn
Make-up exam/re-exam
Same examination form as the ordinary exam
Description of the exam procedure

The exam will be a 48-hour take-home exam on the basis of 3-5 exam questions. The exam questions will relate to both, the students’ own work context as well as to a case study that the students will receive together with the exam questions. The case study will be a new case study that has not been covered in class before.


Grading will be done according to the learning objectives and the exam evaluation criteria for this course.

Course content and structure

The course aims at introducing the relevant basic concepts for understanding and analyzing innovation on the individual, firm and industry level. It familiarizes students with the theories, models and tools that are central to managing the identification, development and commercialization of innovation and discusses the consequences of doing so in a competitive environment. Students will develop a common body of knowledge they can build upon in the specific courses on Innovation Management throughout the entire HD2 program in Innovation Management.


The course will cover the following topics related to the management and economics of innovation. First, the role of innovation in competitive environments as well as the relationship between knowledge and innovation will be discussed. Next, different levels of analyzing innovation (individual, firm, industry), sources of innovation (individual vs. organizational creativity; internal vs. external sources of innovation), and types of innovation (radical vs. incremental; product, process, business model or organizational innovation; etc.) will be introduced. Given this understanding of innovation is achieved, next steps will be to discuss models and processes of innovation, the diffusion of innovations, network effects, compatibility, industry dynamics, standard battles and dominant designs. Finally, the course will also include the topics of timing of market entry, choosing innovation projects, collaboration strategies, basics in protecting innovation and appropriating innovation rents, and the relationship between innovation and entrepreneurship.


After this course, students shall have developed knowledge on:

  • Definitions, delimitations and characteristics of innovation as both a process and as the outcome of innovative activities
  • Strategies used by innovating firms
  • Effects of industry dynamics


 After this course, students shall have developed the following skills:

  • Identifying different types and levels of innovation and assessing their impact on different actors along the innovation process
  • Describing different sources of innovation and contrasting them with different types and levels of innovation
  • Applying basic game-theoretic concepts


After this course, students shall have developed the following competences:

  • Evaluating the role of innovation and its impact on the establishment, growth and competitiveness of organizations
  • Understanding the complexities and uncertainties involved in innovation processes and discussing relevant theories and models for addressing them
  • Assessing the impact of external innovation
Teaching methods
The course will be taught as an online course in weekly evening classes. Students will be able to learn about and experience the interactive online learning environment as part of the program’s kick-off meeting, which will take place at Copenhagen Business School. The individual classes will be split into lecture-style inputs related to the basic concepts of innovation and applying these concepts to mini-cases and/or the students’ own work environments in mini-exercises and discussions.
Feedback during the teaching period
Students will receive ongoing feedback throughout the online sessions
Student workload
Preparation and teaching 227 hours
Exam 48 hours
Expected literature

Available via LEARN

Last updated on 07-06-2017