Technological
and organisational innovation is the main source of competitive advantage and,
therefore, one of the core elements of entrepreneurship and economic
leadership. Thus, education in entrepreneurship would not be complete without
an understanding of the industry and firm dynamics of technological innovation.
This module addresses innovation issues within the context of globalisation,
development and digitalisation. We will approach innovation as a strategic
process, beginning with assessing the context, and then moving on to address
the formulation and implementation of innovation strategies.
This module focuses on both strategic and organisational issues relating
to innovation. From the perspective of entrepreneurs and managers who
may take a leading role in an entrepreneurial, innovative firm, we focus
on the practices and processes that they may use to manage innovation
effectively. We will focus on three aspects of innovation: exploring and
implementing technological innovation, as well as social and
organisational innovation. We will also consider critical perspectives
on the topic, such as examining the role of the state in innovation and
entrepreneurship. We will address several strategic dilemmas within
innovation, such as standards battles and design dominance, the timing
of entry, choosing innovation projects, and collaborative innovation
strategies.
