MOØ234 Innovation Management in Corporate Business

Contents and structure

Adaptability and change in skills are key elements in today's job market, and good collaboration and problem solving skills, creativity, critical and independent thinking and reflection are important personal characteristics. In addition, companies must facilitate for necessary restructuring and further development.

The course provides a comprehensive introduction to both the strategic frameworks and the practical methodologies required to design and govern a functioning innovation ecosystem within established organisations. The course is structured into two main components.

The first component addresses the conceptual frameworks and structural prerequisites that organisations must establish in order to develop an integrated strategic and organisational foundation. This foundation enables systematic, evidence-based and continuous innovation activity to be conducted in parallel with existing core operations.

The second component focuses on the practical execution of innovation processes and introduces students to entrepreneurial thinking, methodological approaches and operational practices related to the development, testing and implementation of new business opportunities.

Learning Outcome

The student has knowledge of:

• Theories and models for developing a complete innovation ecosystem in an established business
• Principles of hypothesis-driven innovation, experimentation and Minimum Viable Product (MVP) methods in large organizations.
• Organizational factors that affect an established business with innovation capability

The student is able to:

• Analyze companies' innovation maturity, and contribute to improving organizations' innovation capacity.
• Evaluate innovation projects in light of strategic goals, risk, organizational assumptions and sustainability
• Facilitate and contribute to innovation processes
• Develop and test different business models through hypotheses, critical reflection and validation tools from "The Corporate Startup".
• Plan and implement Design Sprint and Design Thinking processes to explore and concretize new solutions.

Entry requirements

None

Teaching methods

Methods applied: lectures, quest lectures, videos, student’s presentations, case examples and open discussions.

Compulsory learning activities

A written group-based thesis

The lecturer will provide written feedback on the submissions.

Assessment

Written group based semester paper + an adjusting group based oral examination

The grade on the written semester paper will be announced 24 hours before the corrective oral exam starts. The grade can be adjusted up or down by a maximum of one grade..

The grading scale is A-F, where F is fail.

Examination support material

Oral exam: none

More about examination support material

Course reductions

• MSB108 - Innovation Management and The Corporate Startup - Reduction: 10 studypoints