This is an important subject for everyone who has an interest in
business and wants to understand how innovation can affect the success
and failure of firms. Successful innovation is a very complex process and
has to be very carefully managed. There is no 'right way' to manage
innovation. Therefore it is important to analyse the innovation process
from a range of different perspectives, for example, the role of the state in
innovation, disruptive innovation, to the ‘dynamic capabilities’ of the firm
Learning Outcomes:
1. Demonstrate knowledge of the complexity of innovation and the
importance of commercialization.
2. Identify and analyze the resources for successful innovation and
determine how to obtain them.
3. Describe the sources and processes involved in generating
innovative ideas and what is needed to protect and exploit them
successfully.
4. Explain the process of innovation and its importance to nations,
firms, and other organizations.
5. Discuss the importance of good management in innovation and
the lessons that can be learned.
2. Objectives:
1. Demonstrate knowledge of the complexity of innovation and the
importance of commercialisation
2. Identify and analyse the resources for successful innovation and
determine how to obtain them
3. Describe the sources and processes involved in generating
innovative ideas and what is needed to protect and exploit them
successfully.
4. Explain the process of innovation and its importance to nations,
firms and other organisations
5. Discuss the importance of good management in innovation and the
lessons that can be learnt.
business and wants to understand how innovation can affect the success
and failure of firms. Successful innovation is a very complex process and
has to be very carefully managed. There is no 'right way' to manage
innovation. Therefore it is important to analyse the innovation process
from a range of different perspectives, for example, the role of the state in
innovation, disruptive innovation, to the ‘dynamic capabilities’ of the firm
Learning Outcomes:
1. Demonstrate knowledge of the complexity of innovation and the
importance of commercialization.
2. Identify and analyze the resources for successful innovation and
determine how to obtain them.
3. Describe the sources and processes involved in generating
innovative ideas and what is needed to protect and exploit them
successfully.
4. Explain the process of innovation and its importance to nations,
firms, and other organizations.
5. Discuss the importance of good management in innovation and
the lessons that can be learned.
2. Objectives:
1. Demonstrate knowledge of the complexity of innovation and the
importance of commercialisation
2. Identify and analyse the resources for successful innovation and
determine how to obtain them
3. Describe the sources and processes involved in generating
innovative ideas and what is needed to protect and exploit them
successfully.
4. Explain the process of innovation and its importance to nations,
firms and other organisations
5. Discuss the importance of good management in innovation and the
lessons that can be learnt.
