5506589: Innovation Lab

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Semester:SS 23
Type:Module
Language:English
ECTS-Credits:6.0
Scheduled in semester:6
Semester Hours per Week / Contact Hours:60.0 L / 45.0 h
Self-directed study time:135.0 h

Module coordination/Lecturers

Curricula

Bachelor's degree programme in Business Administration (01.09.2012)

Events

Description

The course covers fundamental frameworks, models, and methods with regard to innovation. Topics include managing innovation within firms, process innovation, innovation decision-making, open innovation and technology transfer, and innovation culture. A real-life case which is set up in cooperation with a company partner serves to apply knowledge on innovation management in a practical project. The developed solution should be scientifically sound and applicable in practice.

Qualifications

    • describe the fundamental concepts of innovation management
    • explain the meaning and nature of innovation management
    • apply methods and models related to innovation management to solve contemporary problems
    • compare and contrast innovation management frameworks, models, and methods
    • combine frameworks, models, and methods to implement holistic innovation management concepts
    • evaluate concepts and methods regarding their advantages and constraints
    • recognize the complex nature of the management of innovation within organizations
    • explain case studies on innovation management related to frameworks, models, and methods covered in the lecture
    • apply innovation management frameworks, models and methods to develop solutions for a real-life case study
    • select appropriate innovation management methods and tools to apply to the given task
    • develop a sustainable solution for the selected case study
    • evaluate the developed solution with appropriate methods regarding its advantages and constraints
    • listen to the lecturer and fellow students
    • work together to solve the assignments of the case study, communicate with each other and give support
    • evaluate their contribution in the team with relation to cooperation, communication and troubleshooting
    • develop social competences in a team and adapt these competences to optimize the result of the teamwork
    • support other team members while presenting the results and provide proper argumentation for their solution path
    • repeat the contents of lectures and exercises in a self-organized way
    • assess their own learning progress during lectures, exercises and self-study
    • identify their own strengths and weaknesses
    • tolerate different opinions and working styles

Admission Requirements

Information Systems

  • Functions of different types of information systems
Operations Management
  • Basic concepts, methods and tools of operations management

Literature

  • Trott, P. (2013). Innovation Management and New Product Development, 5th ed., Harlow: Pearson Education Limited.
  • Ahmed, P. K. & Shepherd, C. D. (2011). Innovation Management: Context, Strategies, Systems and Processes, Harlow: Pearson Education Limited.

Prerequisities

The following conditions need to be met prior to registering for the module:

  • successful completion of English I
  • successful completion of additional first year programme modules amounting to at least 45 credit points.