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2021/2022  BA-BHAAV5009U  Strategic Management of Innovation and Technology

English Title
Strategic Management of Innovation and Technology

Course information
Language English
Course ECTS 7.5 ECTS
Type Elective
Level Bachelor
Duration One Semester
Start time of the course Autumn
Timetable Course schedule will be posted at calendar.cbs.dk
Max. participants 60
Study board
Study Board for BSc in Economics and Business Administration
Course coordinator
  • Markus Simeth - Department of Strategy and Innovation (SI)
Administrative contact information: student-hub.
Main academic disciplines
  • Entrepreneurship
  • Innovation
  • Strategy
Teaching methods
  • Blended learning
Last updated on 06-04-2021

Relevant links
Learning objectives
The course has multiple objectives. After having participated in this course students
should be able to:
  • Know basic concepts of innovation and the management of innovation.
  • Apply these theories/concepts and their specific tools in case studies.
  • Identify sources of innovative ideas for companies, both company-internally (R&D) and company-externally (e.g. open innovation, alliances).
  • Understand how innovative products tend to evolve over time and how firms can actively manage product evolution.
  • Differentiate seemingly similar innovative products according to relevant innovation taxonomies.
  • Analyze how firms can secure financial returns from their innovations and generate competitive advantage.
  • Understand the organizational implications of engaging in innovation activities (e.g. organization structure, team organization) and the challenges of securing (financial) resources
  • Reflect on academic literature about innovation management, entrepreneurship, economics, finance, and organization.
Examination
Strategic Management of Innovation and Technology:
Exam ECTS 7,5
Examination form Written sit-in exam on CBS' computers
Individual or group exam Individual exam
The students have 4 hours at their disposal.
Assignment type Written assignment
Duration 4 hours
Grading scale 7-point grading scale
Examiner(s) One internal examiner
Exam period Winter, The exam is held as a 4-hour written sit-in exam (open book).
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.
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, structure and pedagogical approach

Aim of the course

The course aims at developing the capabilities needed to manage innovation from its early stages to the introduction of products or services in the market and the strategic positioning of the firm within its industry based on its innovative portfolio.

 

Content

Innovation is a cornerstone of competitive advantage and firm growth. In this course, we will focus on how firms can strategically leverage different types of innovation to compete on the global market place. Special emphasis is placed on technological innovation, which is at the core of successful companies like Apple or Samsung. This introductory course to the strategic management of innovation and technology will discuss theories, models and tools that are central to managing the identification, development and commercialization of innovations, plus the consequences of doing so in a competitive environment. Core topics with regards to innovation management are for instance, knowledge about the various types and characteristics of an innovation and innovative activities, how to search for novel ideas, what tools to use inside and outside of the firm to evaluate promising ideas efficiently and accurately, as well as various forms to develop innovations inside and outside of the firm.

 

In addition to the basics of innovation strategy, the course will introduce insights and tools from fields such as entrepreneurship (e.g. how and why individuals identify promising opportunities while others do not), economics (e.g. the roles and powers of different players within an industry and the effect of various market forms), marketing (e.g. how the transfer from early, small market segments to broad market segments can be managed), finance (e.g. how high-tech start-ups can access different financing sources such as Venture Capital), organization (e.g. how organizations change when introducing important new products and services), and management (e.g. how new business models in the area of open and distributed innovation can look like).

Apply the overall knowledge developed in the course in specific cases.
Description of the teaching methods
Structure
The course follows the structure of a three hour per week, lecture-style class. Shorter case studies are an integral part of the classes. During the first half of the course, students will receive a basic introduction to innovation and the management of innovation. Following, the students will be introduced to the management of innovative processes. In the last session, the students will work on a specific case and apply the theories and tools/models learned in a specific problem situation, preparing them for the final exam.

Teaching
Teaching includes lecture-style classes, in-class workshops with students presenting and actively participating in discussions and guest lecturers from innovative companies. Selected lecture content will also be provided through prerecorded videos and online live-sessions (depending on the Covid-19 situation)
Feedback during the teaching period
Feedback will be given for group work and case discussions performed during class. Moreover, students will be offered multiple-choice quizzes on Canvas.
Student workload
Preparation 100 hours
Exam 66 hours
Teaching 40 hours
Expected literature

Core reading:
 

  • Schilling, Melissa A. (2019). Strategic Management of technological innovation (6th edition), McGraw-Hill, New York.

 

Additional literature:

  • Chesbrough, Henry W. (2003). The era of open innovation. MIT Sloan Management Review: 44 (3), 35-41.
  • Gans, J., Stern, S., 2003. The product market and the market for ideas: commercialization strategies for technology entrepreneurs. Research Policy 32, pp. 333-350.
  • Kerr, W.R., Nanda, R., (2014). Financing innovation. NBER Working Paper

 

More literature to be announced in the syllabus
Last updated on 06-04-2021