Innovation Management

Start Date: 07/05/2020

Course Type: Common Course

Course Link:

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About Course

What is innovation management? How do firms bring in new business models and get new products and services to the market? Go on a nine-week journey through innovation management concepts, theories of idea generation, selection, strategy formulation and implementation in this MOOC in Innovation Management. In it, you will also learn the tools for implementing innovation projects yourself. Guided by world-class academics, you will develop an innovative mindset and expertise in how firms successfully create new ideas for marketing new products. The syllabus also includes sessions about innovation strategy, idea management and social networks. During this course, you will learn how to: • use the main innovation management terminology and concepts • explain the adoption life cycle and innovation adoption at the individual level • define creativity and explain how creativity can be stimulated • recognise and describe three types of idea management systems • explain what an innovation strategy is and why it is important • describe what a product portfolio is • explain how innovation projects should be selected and managed • explain the importance of teams, team structures and networks for innovation. Rotterdam School of Management, Erasmus University (RSM) is one of Europe’s leading business schools, and ranked among the top three for research. RSM’s primary focus is on developing business leaders with international careers who carry their innovative mindset into a sustainable future. Go to for more information. This nine-week MOOC in Innovation Management is taught in English. There is no fee to participate in the programme.

Course Syllabus

After this week’s studies and the associated exercise, you will understand the meaning of innovation and innovation management. Also, you will learn to identify and differentiate between various types of innovation. As a result, you will become acquainted with basic terminology that will help you to better process and understand the course content of the following weeks.

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Course Introduction

Innovation Management - Strategy, Competition, and Market Structure An in-depth exploration of innovation and strategy in an evolving global economy. The course introduces the concepts and methods of innovation, market research, and innovation pricing. Students will develop an understanding of the themes of conservatism and innovation in an increasingly competitive world. The course also examines innovation in relation to market organization, innovation selection, and innovation implementation.The Economics of Inefficient Markets Market Research and Innovation Strategy & Competitive Advantage Innovation Implementation Introduction to Human Anatomy This course is designed to give you a basic knowledge of human anatomy, from a neurological and scientific standpoint, in an effort to allow you to identify items on your body that you need to look at more often. The first module will cover the human pelvis, including the various positions where the pelvis and its components lie relative to the body, and what those positions mean in terms of bodily function and movement. The next module will focus on the various parts of the body that are covered by the human body, including where the human spine and hands and feet come from, what those parts are, and how they connect with the body. The last module will describe the human pelvis, hands and feet as we move about the body, what that means in terms of posture and how that connects with the rest of the body, and how to look at people from different perspectives. The course will also

Course Tag

Social Network Management Innovation Innovation Management

Related Wiki Topic

Article Example
Innovation management Innovation management is a combination of the management of innovation processes, and change management. It refers both to product, business process, and organizational innovation.
Innovation management Innovation, although not sufficient, is a necessary prerequisite for the continued survival and development of enterprises. The most direct way of business innovation is through technological innovation, disruptive innovation or social innovation. Management of innovation, however, plays a significant role in promoting technological and institutional innovation.
Institute for Global Innovation Management The Institute for Global Innovation Management has conducted research with a number of private sector companies, including Hewlett-Packard, Charles River Laboratories, and Adidas. In May 2007, the Journal of Product Innovation Management ranked Northeastern University as the third most productive center in the world in innovation management research. Three institute researchers were also ranked among the world’s “top innovation management scholars." The ranking reflected the work of 1,179 scholars.
Innovation management The goal of innovation management within a company is to cultivate a suitable environment to encourage innovation. The suitable environment would help the firms get more cooperation projects, even ‘the take-off platform for business ventures’. Senior management's support is crucial to successful innovation; clear direction, endorsement, and support are essential to innovation pursuits.
Innovation management Innovation management helps an organization grasp an opportunity and use it to create and introduce new ideas, processes, or products industriously. Creativity is the basis of innovation management; the end goal is a change in services or business process. Innovative ideas are the result of two consecutive steps, "imitation" and "invention".
Innovation management By utilizing innovation management tools, management can trigger and deploy the creative capabilities of the work force for the continuous development of a company. Common tools include brainstorming, virtual prototyping, product lifecycle management, idea management, TRIZ, Phase–gate model, project management, product line planning and portfolio management. The process can be viewed as an evolutionary integration of organization, technology and market by iterating series of activities: search, select, implement and capture.
Innovation management Innovation management includes a set of tools that allow managers and engineers to cooperate with a common understanding of processes and goals. Innovation management allows the organization to respond to external or internal opportunities, and use its creativity to introduce new ideas, processes or products. It is not relegated to R&D; it involves workers at every level in contributing creatively to a company's product development, manufacturing and marketing.
Innovation management By utilizing innovation management tools, management can trigger and deploy the creative capabilities of the work force for the continuous development of a company. Common tools include brainstorming, virtual prototyping, product lifecycle management, ideation, TRIZ, Phase–gate model, project management, product line planning and portfolio management. The process can be viewed as an evolutionary integration of organization, technology, and market, by iterating series of activities: search, select, implement and capture.
Innovation management Innovation management is based on some of the ideas put forth by the Austrian economist Joseph Schumpeter, working during the 1930s, who identified innovation as a significant factor in economic growth. His book "“Capitalism, Socialism and Democracy”" first fully developed the concept of creative destruction.
Innovation management An approach for classifying Innovation Management Tools (IMTs) is using typologies, as proposed by Antonio Hidalgo and Jose Albors. The study conducted at a European level used 10 typologies for knowledge-driven Innovation Management Tools. These typologies were found by looking at 32 characteristics that classify Innovation Management Tools. Hidalgo and Albors were able to narrow the list down to 8 criteria (knowledge-driven focus, strategic impact, degree of availability, level of documentation, practical usefulness, age of the IMT, required resources for implementation, measurability), that are especially relevant for IMTs in the knowledge-driven economy (knowledge economy). The advantage of using typologies is the easy integration of new methods and the availability of a broader scope of tools.
International Journal of Innovation Management The International Journal of Innovation Management is the official journal of the International Society of Professional Innovation Management. The journal, founded in 1997, is published by Imperial College Press. It is peer-reviewed, and offers insight on handling various aspects of innovation, from research to new product development, from a management perspective.
Innovation management measurement The European Commission created this tool to improve the Innovation Management Performance of small- and medium-sized enterprises in Europe. It is based on all dimensions of the “A.T. Kearney House of Innovation” and measures the performance of the key factors for successful Innovation Management. These are innovation strategy, innovation organization and culture, innovation lifecycle processes, enabling factors and innovation results. The tool is divided into four steps. In the first step the SMEs go through an online assessment. Afterwards a benchmarking report is developed before the companies get a consulting workshop on innovation that should lead to a continuous improvement.
Innovation management Innovation is often a technological change that outperforms a previous practice. To lead or sustain with innovations, managers need to concentrate heavily on the innovation network, which requires deep understanding of the complexity of innovation. Collaboration is an important source of innovation. Innovations are increasingly brought to the market by networks of firms, selected according to their comparative advantages, and operating in a coordinated manner.
Innovation management measurement InnoCERT is a tool developed in Malaysia with the aim to test innovative companies through a standardized compliance process. The firms get a certification if they are rated as an innovative organization after a process of online self-assessment and verification and evaluation of the four basic dimensions innovation ability, commercialization ability, innovation management ability and innovation result.
Innovation management measurement The Inno-Biz assessment is a two-phase Korean Model based on the OSLO Manual. The first phase consists of an online self-diagnosis with an assessment of the technology innovation system of a firm containing four fields: technology innovation capability, technology commercialization capability, technology innovation management capability and technology innovation achievements. The second phase concentrates on the four fields management owner’s technical capability, technological viability, marketability as well as business viability and profitability and is an on-site assessment of a technology guarantee fund that hands out a rating based on a 10-grade system from AAA to D.
Jenkins Graduate College of Management Innovation Management Studies, in partnership with the Industrial Research Institute
Innovation management measurement Innovation management measurement helps companies in understanding the current status of their innovation capabilities and practices. Throughout this control areas of strength and weakness are identified and the organizations get a clue where they have to concentrate on to maximize the future success of their innovation procedures. Furthermore, the measurement of innovation assists firms in fostering an innovation culture within the organization and in spreading the awareness of the importance of innovation. It also discloses the restrictions for creativity and opportunity for innovation. Because of all these arguments it is very important to measure the degree of innovation in the company, also in comparison with other companies. On the other hand, firms have to be careful not to misapply the wrong metrics, because they could threaten innovation and influence thinking in the wrong way.
Innovation management The product lifecycle of products is getting shorter because of increased competition. This forces companies to reduce the time to market. Innovation managers must therefore decrease development time, without sacrificing quality or meeting the needs of the market.
Innovation Edison et al. in their review of literature on innovation management found 232 innovation metrics. They categorized these measures along five dimensions i.e. inputs to the innovation process, output from the innovation process, effect of the innovation output, measures to access the activities in an innovation process and availability of factors that facilitate such a process.
Innovation management Innovation processes can either be "pushed" or "pulled" through development. A "pushed" process is based on existing or newly invented technology, that the organization has access to, and tries to find profitable applications for.