UCL School of Management

Module Fact Sheet

MSIN7013: Innovation Management

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This is a past version of this module for MSIN7013 16/17.
Click here for the current version.
Taught by
Level
Advanced
Prerequisites
None; MSIN1001 Foundations of Management or MSIN6001A/B Management Principles are recommended
Eligibility
2nd, 3rd, 4th year undergraduates from all departments
Terms
Term 1
Delivery method
2-hour lecture and 1-hour online seminar (x 10 weeks)
Assessment
60% final unseen 2-hour examination; 30% project; 10% presentation

Course overview

The course aims to equip students with an understanding of the main issues in innovation management, an awareness of the key features of success, and an appreciation of the relevant skills needed to manage innovation:

How do opportunities for innovation arise? What is the right managerial strategy to innovate successfully? Does the size matter: innovative activities in small and large companies? How can social capital make innovative activities more successful? What is the best way to manage R&D projects and how can companies profit from their innovations? Finally, are open innovation and social innovation as exciting as they sound?

Learning outcomes

Upon successful completion of the module, a student will be able to:

  • Understand the role of innovation in framing corporate strategy as well as the role of innovation in society.

  • Identify opportunities and possibilities for competitive advantage through innovation.

  • Understand how to appropriate value from innovation.

  • Understand how to nurture innovative capacity in the firm and how to build a creative organization.

  • Assess the benefits of cooperative arrangements with other organizations.

Topics covered

  • Opportunities for innovation

  • Models of innovation

  • From innovation to competitive advantage

  • Competition, firm size and innovation

  • Open innovation and user innovation

  • Networks of innovation: collaboration and cooperation

  • The role of social capital

  • Managing R&D projects

  • Appropriating rents from innovation

  • Sectoral, regional and national systems of innovation

Assessment summary

60% is awarded on the basis of an unseen 2-hour examination paper in the Summer Term. 30% is awarded for a project (4000 words); 10% is awarded for a presentation.

Essential reading

Strategic Innovation Management by Joe Tidd and John Bessant, published by John Wiley & Sons 2014; ISBN 978-1-118-45723-8.

Past versions of this module

MSIN0056 18/19

MSIN7013 17/18

MSIN7013 16/17

Last updated Wednesday, 26 June 2019