INNOVATION MANAGEMENT - 2023/4
Module code: MANM115
This Innovation Management module is a cornerstone in your business education. This module examines the strategic and tactical dimensions of innovation that a future leader considers when managing an organization or team. It combines established and contemporary conceptual frameworks with practical guidance for analyzing the challenges of leading an innovative organization.
In this module, students will discuss the strategy, sources, processes, and implementation of innovation. This module particularly provides students with 1) a holistic understanding of the concept of innovation and its relevance to today’s firm competitiveness; 2) the capability to identify the links between the structures and processes which support specific models of innovation; 3) the capability to recognize the opportunities for, and constraints to innovation in specific business contexts and organizational settings; and 4) the capability to develop practical –oriented skills that are crucial to the management of innovation. In brief, students should come away with models and insights to succeed in each innovation management phase.
Finally, the module is designed to provide deep theoretical and practical knowledge by applying theory in case studies and other assignments. The course consists of lectures, seminars, group assignments and an individual assignment.
Surrey Business School
LOPEZ VEGA Henry (SBS)
Number of Credits: 15
ECTS Credits: 7.5
Framework: FHEQ Level 7
JACs code: N200
Module cap (Maximum number of students): N/A
Overall student workload
Independent Learning Hours: 117
Lecture Hours: 11
Seminar Hours: 11
Captured Content: 11
Prerequisites / Co-requisites
Indicative content includes:
- Foundations of innovation
- Management innovation
- Technology strategy and innovation strategy implementation
- Collaborative innovation
- Innovation processes
- Global innovation
|Assessment type||Unit of assessment||Weighting|
Alternative Assessment Group assignment based on same assignment for first attempt which students are expected to improve.
The assessment strategy is designed to ensure that students demonstrate to have gained knowledge of the relevant theory of innovation management, practical and cognitive skills with regard to their ability to apply the theoretical concepts of innovation management to a given business context and to critically identify potential problems and related management solutions.
The assessment method consists of two pieces of assessment: 1) individual essay and 2) group assignment.
The individual project is a report where students should demonstrate the ability to apply the theoretical frameworks of innovation management to a real context, critically evaluate management issues concerned with the implementation of innovation and identify potential solutions to such management issues. To this end, students should demonstrate the capability of making realistic recommendations which are consistent with the presented evidence and the knowledge of the theory. The assessment strategy is consistent with the learning outcomes as it enables to assess the K+C+P skills.
The group assignment is a presentation presentation where students demonstrate insight into a key concept and how to apply it in a commercial context; In this respect, students should demonstrate critical understanding of the theory, the commercial research process and the commercial context on which it is based such as a corporate environment. . The assessment strategy is consistent with the learning outcomes as it enables to assess the K+C+P skills.
Formative assessment and feedback
•Students will receive individual and group feedback during the module from the tutor.
- Explain the multi-facet aspects of innovation and its relevance to the firm's competitive advantage;
- Apply the theoretical models of innovation management to real business cases
- Evaluate needs and opportunities for a new innovation strategy, technology, and organizational renewal
|001||Develop strategies to manage innovation||P|
|002||Select and explain relevant theoretical frameworks of innovation management in a real business context||KT|
|003||Develop critical understanding of the importance of global context for innovation||CT|
|004||Discuss and explain the holistic nature of innovation management||K|
|005||Analyze innovation capabilities in multiple organisational settings||CP|
C - Cognitive/analytical
K - Subject knowledge
T - Transferable skills
P - Professional/Practical skills
Methods of Teaching / Learning
The teaching and learning strategy is designed to give students the opportunity to gain knowledge and understanding of the relevant theory, management practices and related problems which are pertinent to innovation management.
The teaching and learning methods include the delivery of formal lectures and critical evaluation of specific case studies. Whilst the lectures are mainly designed to illustrate and explain theoretical concepts and models of innovation management, the critical evaluation of business cases illuminates the theoretical concepts and models by class discussion and reference to the theory.
Prior to attending the lecture students are required to undertake the essential reading as recommended accordingly by the lecturer in each teaching week.
Indicated Lecture Hours (which may also include seminars, tutorials, workshops and other contact time) are approximate and may include in-class tests where one or more of these are an assessment on the module. In-class tests are scheduled/organised separately to taught content and will be published on to student personal timetables, where they apply to taken modules, as soon as they are finalised by central administration. This will usually be after the initial publication of the teaching timetable for the relevant semester.
Upon accessing the reading list, please search for the module using the module code: MANM115
Programmes this module appears in
|Entrepreneurship & Innovation Management MSc||2||Compulsory||A weighted aggregate mark of 50% is required to pass the module|
|International Business Management MSc||2||Optional||A weighted aggregate mark of 50% is required to pass the module|
|Business Analytics MSc||2||Optional||A weighted aggregate mark of 50% is required to pass the module|
|Strategic Marketing MSc||2||Optional||A weighted aggregate mark of 50% is required to pass the module|
|FinTech and Policy MSc||2||Optional||A weighted aggregate mark of 50% is required to pass the module|
|Artificial Intelligence MSc||2||Optional||A weighted aggregate mark of 50% is required to pass the module|
Please note that the information detailed within this record is accurate at the time of publishing and may be subject to change. This record contains information for the most up to date version of the programme / module for the 2023/4 academic year.