English   Danish

2017/2018  KAN-CCMVI2063U  Business Innovation and Science

English Title
Business Innovation and Science

Course information

Language English
Course ECTS 7.5 ECTS
Type Elective
Level Full Degree Master
Duration Summer
Start time of the course Summer
Timetable Course schedule will be posted at calendar.cbs.dk
Max. participants 60
Study board
Study Board for MSc in Economics and Business Administration
Course coordinator
  • Course instructor - Palle Høy Jakobsen, Study Director, CBS. Contact: phj.ino@cbs.dk
    Sven Bislev - Department of Management, Society and Communication (MSC)
In case of any academic questions related to the course, please contact the course instructor or the academic director, Sven Bislev at sb.msc@cbs.dk
Main academic disciplines
  • Entrepreneurship
  • Innovation
Last updated on 23/07/2018

Relevant links

Learning objectives
To achieve the grade 12, students should meet the following learning objectives with no or only minor mistakes or errors: After the course, the student should have skills and competencies that enables him/her
  • To identify and describe the challenges and opportunities of innovation in science
  • To design an innovation process
  • To understand and manage innovation process in teams and with external partners
  • To discuss and assess the value chain design of new innovation
Course prerequisites
Completed bachelor degree. Basic familiarity with business studies and
with the innovation process.
Business Innovation and Science:
Exam ECTS 7.5
Examination form Home assignment - written product
Individual or group exam Individual exam
Size of written product Max. 15 pages
Assignment type Project
Duration Written product to be submitted on specified date and time.
Grading scale 7-step scale
Examiner(s) One internal examiner
Exam period Summer, Ordinary exam: 26/27 June - 30 July 2018. Please note that exam will start on the first teaching day and will run in parallel with the course.

Retake exam: September - October 2018

3rd attempt (2nd retake) exam: November - December 2018

Exam schedule is available on https:/​/​www.cbs.dk/​uddannelse/​international-summer-university-programme-isup/​courses-and-exams.
Make-up exam/re-exam
Same examination form as the ordinary exam
Home project assignment, new exam question (72-hour home assignment)
Course content and structure

The course is centered around the contents of a Innovation dynamics and science applications, with cases mostly from the pharma and medical industries. As such covers a rather broad set of topics. A selection of the topics covered includes idea generation and evaluation, Overview of pharmaceutical drug discovery & development, medical device development and digital development, market and industry analysis, entrepreneurial and corporate innovation, strategic value chain design, business models as well as partnering and team based innovation.


Preliminary assignment:
Students are required to read Melissa Schilling, Innovation Management and find an interesting, relevant case of an innovation model within science, and be ready to present it in the first class session.

Class 1: Strategic value & innovation dynamics
Class 2: Pharmaceutical drug, medical device and digital discovery & development
Class 3: Industry, market and technology analysis
Class 4: Entrepreneurial and corporate innovation
Class 5: Customer decision making in health care
Class 6: Creating and capturing value of innovation

Feedback activity: Following class 5 there will be a small assignment which forms the basis of the feedback activity in class 6.

Class 7: Partnering for innovation
Class 8: Open and closed innovation models 
Class 9: Teams and innovation
Class 10: Strategic value chain design
Class 11: Review, wrap-up and exam preparation

Teaching methods
This course is taught using a combination of lectures, cases and group work with an emphasis on case discussions in the class
Feedback during the teaching period
Following class 5 there will be a small assignment which forms the basis of the feedback activity in class 6.
All Home Project Assignments/mini projects are based upon a research question (problem formulation) formulated by the students individually, and must be handed in to the course instructor for his/her approval no later than 12 July 2018. The instructor must approve the research question (problem formulation) no later than 17 July 2018. The approval is a feedback to the student about the instructor's assessment of the problem's relevance and the possibilities of producing a good report.
Student workload
Preliminary assignment 20 hours
Classroom attendance 33 hours
Preparation 126 hours
Feedback activity 7 hours
Examination 20 hours
Further Information

Preliminary Assignment: To help students get maximum value from ISUP courses, instructors provide a reading or a small number of readings or video clips to be read or viewed before the start of classes with a related task scheduled for class 1 in order to 'jump-start' the learning process.


Course timetable is available on https://www.cbs.dk/uddannelse/international-summer-university-programme-isup/courses-and-exams.


We reserve the right to cancel the course if we do not get enough applications. This will be communicated on https://www.cbs.dk/uddannelse/international-summer-university-programme-isup/courses-and-exams end February 2018 at the latest.


Expected literature

Mandatory readings:


Melissa Schilling Strategic Management of technological innovation. McGraw-Hill Education - Europe. ISBN 9781259539060. 2016.
Jakobsen PH. Notes on Commercialization of Biotechnology Research. Saxo Publish. ISBN-13:9788740934670. March 2017.
Reinvent your business before it´s too late, Harvard Business Review Jan-Feb 2011, Paul Nunes and Tim Breene
Using the crowd as an innovation partner. Harvard Business Review April 2013. Kevin J Boudreau and Karim R Lakhani.
Lessons from 60 years of pharmaceutical innovation. Nature review drug discovery, vol 8, 959-968, Dec 2009. Munos B.
Managing your innovation portfolio. Harvard Business REview 67-74, May 2012. Nagje B & Tuff G.


Additional relevant readings:


Charles H Fine. Clock speed. Basic books, 9780738201535

Last updated on 23/07/2018