2020/2021 KAN-CCMVV2612U Managing product development and innovation
English Title | |
Managing product development and innovation |
Course information |
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Language | English |
Course ECTS | 7.5 ECTS |
Type | 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 |
Max. participants | 80 |
Study board |
Study Board for MSc in Economics and Business
Administration
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Course coordinator | |
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Please find contact information for Student Hub, student Guidiance Services etc. on My.cbs.dk | |
Main academic disciplines | |
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Teaching methods | |
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Last updated on 04-06-2020 |
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Learning objectives | ||||||||||||||||||||||||||
The students will develop their competences in
analyzing complex issues and an ability to focus on managerial
dilemmas. Many decision-making situations in the student’s future
career will challenge the evaluation of what is relevant and
irrelevant. We hope to expand this competence with the focus on
managing innovation that contains many strategic challenges and
where an overemphasis on type of innovation, for instance, can be
devastating for the other.
More specifically, the student will after the course be able to
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Examination | ||||||||||||||||||||||||||
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Course content, structure and pedagogical approach | ||||||||||||||||||||||||||
The purpose of this course is twofold. First, we analyze how productivity can be increased via the right management tools. Generally, the success rate is 50 percent for both new products and a bit lower for new services. The problem with success rates constitutes a problem as many resources are allocated to nonprofitable activities. Hence, we will discuss how this can be improved with tools such as portfolio management and decision-making, voice-of-customer, Quality-Function-Deployment (QFD), KANOs design features, team composition, cross-functionality and the design of the Innovation Process, among others. However, as the second point, we embrace complexity and discuss the dilemmas in using these tools; do we imagine that we reduce uncertainty as we know more or are increasing ambiguity? Dilemmas are omnipresent in management practice, and we will attempt to put them into the open learning space during the course to equip you as much as possible to the so-called ‘real-life’ of innovation management. Hence, we will meet guest lectures that talk openly about solutions but also the difficulty in using and implementing them. Here, we shall use different theories from organizational theory and sociology to understand what qualifies as use and implementation. We will employ a textbook that is solutions-oriented and use journal articles to problematize. Another important point is that you will take part of a meta-theoretical journey where we will touch upon systems theory, contingency theory, decision-making theory, Actor-Network Theory, and others, to challenge the assumptions many scholars make about Innovation Management. Within the perspective of contingency theory, we will discuss the innovation process as market orientation (Stage-Gate) vs. customer orientation (Agile), but also the hybrid situation in which companies so often find themselves in practice. The title of the course indicates that the turning point is new products and services, but we will also address business models as another innovation type together with process innovation. The title of the course could, therefore, be more appropriately be labeled “Managing complex New Product Development and Innovation.” I am looking forward to seeing you. I always aim to create a ‘hyggelig’ (Danish word) learning environment. My strategy is to enable reflections to happen by being analytical in the classroom. . Please be aware that this course is also a part of a minor in Process and Innovation Management |
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Description of the teaching methods | ||||||||||||||||||||||||||
Teaching is a combination of lecturing, group
work and presentations, and student and teacher driven discussion.
The teaching style is very informal to accelerate learning.
We will use two textbooks and continously contrast the perspectives in each book. This presents a good opportunity (also for the exam) for the exam to discuss similarities and dissimiliraties between the two books. As a quarter course, we will have long days, but I will do what I can to make it interesting and inspiring. I have good experience with inviting people from coporate life to give us their hints to solving the dilemmas. |
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Feedback during the teaching period | ||||||||||||||||||||||||||
Feedback will be provided during group presentations and continually throughout the interacting in class. | ||||||||||||||||||||||||||
Student workload | ||||||||||||||||||||||||||
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Further Information | ||||||||||||||||||||||||||
This course is part of the minor in Process Management and
Innovation, but students can choose this course independently.
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Expected literature | ||||||||||||||||||||||||||
Books:
Some of the articles from the curriculum (changes may occur):
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