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2018/2019  KAN-CBIOO1004U  Innovation, Entrepreneurship and Strategy in BioBusiness

English Title
Innovation, Entrepreneurship and Strategy in BioBusiness

Course information
Language English
Course ECTS 7.5 ECTS
Type Mandatory offered as elective
Level Full Degree Master
Duration One Quarter
Start time of the course First Quarter
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for MSc. in Business Administration and Bioentrepreneurship
Course coordinator
  • Keld Laursen - Department of Strategy and Innovation (SI)
Main academic disciplines
  • Entrepreneurship
  • Innovation
Teaching methods
  • Face-to-face teaching
Last updated on 27-02-2018

Relevant links
Learning objectives
All of the below learning objectives are specifically aimed at and developed for the life science, biotech and pharmaceutical context. The aim is to enable the students to draw on prior studies and skills from bioscience and management to make informed decisions and assessments of bio-business.
  • Account for the main terms and definitions central in economics and management of innovation as well as IP management and Entrepreneurship
  • Describe the internal innovation process and the feedback loops of innovation activities
  • Make informed choices with respect to R&D projects
  • Describe and assess the potential for formal and informal external knowledge sourcing and how it may help the organization in its pursuit of the next generation of innovations
  • Analyse how industrial settings may influence the choices made in terms of R&D investments, innovation strategies, entrepreneurial venturing and IP management
  • Formulate innovation based strategies in a high-tech settings and account for their use
  • Communicate and coordinate university-industry links
  • Translate invention output into business development
  • Account for the challenges of small newly founded firms and how these liabilities may be managed
Course prerequisites
This is a mandatory course for the MSc in Business Administration and Bioentrepreneurship.

To sign up send a 1-page motivational letter and a grade transcript to cbio@cbs.dk no later than 24 April 2018. Please also remember to sign up through the online registration.
Examination
Innovation, Entrepreneurship and Strategy in BioBusiness:
Exam ECTS 7,5
Examination form Written sit-in exam on CBS' computers
Individual or group exam Individual exam
Assignment type Case based assignment
Duration 4 hours
Grading scale 7-step scale
Examiner(s) One internal examiner
Exam period Autumn
Aids Open book: all written and electronic aids, including internet access
Read more here about which exam aids the students are allowed to bring and will be given access to : Exam aids and IT application package
Make-up exam/re-exam
Same examination form as the ordinary exam
If the number of registered candidates for the make-up examination/re-take examination warrants that it may most appropriately be held as an oral examination, the programme office will inform the students that the make-up examination/re-take examination will be held as an oral examination instead.
Course content and structure

The course covers the following themes:

  1. Strategy and conduct of bio-sector firms
  2. Innovation and entrepreneurship in bio-sectors
  3. Competitive dynamics of sub-industries of the bio-sector (e.g. pharmaceuticals vs. Industrial biotech)
  4. The role of institutions in the bio-sector (e.g. IPR related issues, public regulation and universities)

The course examines factors shaping opportunities for innovation and entrepreneurship, and the business implications of those opportunities. The theme of strategy choices emphasize alternatives faced by emerging bio-firms and the relevant tools for strategic decision. A section of the course is focused on the strategic dimensions of patenting.
 
Description of the teaching methods
Lectures, group work and simulations. Case-based teaching and use of computer-based tools for patent-based analysis of technological competition. Guest faculty from industry appears frequently in co-teaching with academic faculty.
Feedback during the teaching period
The teacher will hold a session after the examination and give feedback on the results of the written examination
Student workload
lecture 48 hours
preparation 164 hours
Further Information

Course teachers:Prof. Keld Laursen, Assistant Prof. Karin Beukel, Prof. Toke Reichstein, Prof. Finn Valentin. 
Expected literature

Recommended literature:

  • O'Neill, M. and Hopkins, M., 2012, A Biotech Manager's Handbook: A Practical Guide. (Biohealthcare Publishing)

  • Arora, A., & Merges, R. P. 2004. Specialized Supply Firms, Property Rights and Firm Boundaries. Industrial and Corporate Change, 13(3): 451-475.

  • Perkmann, M., V. Tartari, M. McKelvey, E. Autio, A. Broström, P. D’Este, R. Fini, A. Geuna, R. Grimaldi, A. Hughes, S. Krabel, M. Kitson, P. Llerena, F. Lissoni, A. Salter, M. Sobrero (2013). Academic engagement and commercialisation: A review of the literature on university–industry relations. Research Policy 42(2) 423-442.

  • Baum, A. C., Calabrese, T. & Silverman, B. S.: Don’t Go it Alone: Alliance Network Composition and Start-ups’ Performance in Canadian Biotchnology
     
Last updated on 27-02-2018