Module Details

Module Code: MGMT9042
Title: Innovation Theory and Practice
Long Title: Innovation Theory and Practice
NFQ Level: Expert
Valid From: Semester 1 - 2016/17 ( September 2016 )
Duration: 1 Semester
Credits: 5
Field of Study: 3450 - Business & Management
Module Delivered in: 2 programme(s)
Module Description: The importance of innovation to the success of the firm and to the economy at large with an International perspective is examined in this module. The module explores different innovation types, how to manage innovation effectively and how to identify innovation opportunities. Students will learn about the tools and techniques for developing ideas, how to build networks and develop partnerships across organisational boundaries and how to develop the conditions for a more creative climate. In this module students will be exposed to case examples from a diverse range of business sectors.
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Critically evaluate innovation ecosystems and policy in the countries that are innovation leaders.
LO2 Critique the nature and importance of innovation to enterprise and to society at large.
LO3 Ascertain the value of the relationship between creativity, invention and innovation in the development of a new product, process, service or business model.
LO4 Explore a structured process for managing innovation and developing different types of innovation strategies considering the opportunities presented by business model innovation in internationally trading companies.
LO5 Critically assess the role of knowledge based activities, relationships and networks in the development of a new product, service or process.
LO6 Determine how innovation could be effectively managed in the case of an SME that has an international dimension to its activities.
Dependencies
Module Recommendations

This is prior learning (or a practical skill) that is strongly recommended before enrolment in this module. You may enrol in this module if you have not acquired the recommended learning but you will have considerable difficulty in passing (i.e. achieving the learning outcomes of) the module. While the prior learning is expressed as named MTU module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
Incompatible Modules
These are modules which have learning outcomes that are too similar to the learning outcomes of this module. You may not earn additional credit for the same learning and therefore you may not enrol in this module if you have successfully completed any modules in the incompatible list.
No incompatible modules listed
Co-requisite Modules
No Co-requisite modules listed
Requirements

This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed. You may not enrol on this module if you have not acquired the learning specified in this section.
No requirements listed
 
Indicative Content
Innovation Policy and Ecosystem
Role and influence of Government policy in promoting innovation. Country innovation performance and benchmarks.
Introduction to Innovation
Defining innovation. Types of innovation. Sources of innovation. Goals of innovation. Mapping innovation opportunities and developing innovation strategies. Managing innovation. Tools of innovation. Innovation life cycle. Law of diffusion of innovations.
The Role and Importance of Innovation
Why is innovation important. What makes an organization successful or unsuccessful at innovation. The connection between innovation and entrepreneurship.
Knowledge Management and the Role of Networks
Knowledge management practices and innovation management systems. Open innovation and co-creation.
Business Model Innovation
Defining business model innovation, its role and importance. Types of business model innovation. Case studies and practical application.
Corporate Creativity
The creative organization. Systematic approaches to creativity and problem solving.
Module Content & Assessment
Assessment Breakdown%
Coursework100.00%

Assessments

Coursework
Assessment Type Written Report % of Total Mark 35
Timing Week 5 Learning Outcomes 1,2
Assessment Description
Write a report based on a topic relevant to innovation.
Assessment Type Project % of Total Mark 65
Timing Sem End Learning Outcomes 3,4,5,6
Assessment Description
A group consultancy project with an internationally trading company where students are required to develop and present an innovation strategy.
No End of Module Formal Examination
Reassessment Requirement
Coursework Only
This module is reassessed solely on the basis of re-submitted coursework. There is no repeat written examination.

The University reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full Time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Class based instruction. Every Week 2.00 2
Independent & Directed Learning (Non-contact) Non Contact Reading, research and case studies. Every Week 5.00 5
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 2.00
Workload: Part Time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Class based instruction. Every Week 2.00 2
Independent & Directed Learning (Non-contact) Non Contact Reading, research and case studies. Every Week 5.00 5
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 2.00
 
Module Resources
Recommended Book Resources
  • John Tidd and Joe Bessant. (2014), Strategic Innovation Management, 1st. Wiley, UK, [ISBN: 9781118457238].
Supplementary Book Resources
  • John Tidd and Joe Bessant. (2013), Managing Innovation, 5th. Wiley, UK, [ISBN: 9781118538593].
  • Scott D. Anthony and David S.Duncan. (2012), Building a Growth Factory, 1st. ebook, Harvard Business, USA, [ISBN: 11714EKNDENG].
  • Bilton and Cummings. (2010), Creative Strategy, [ISBN: 9781405180191].
Recommended Article/Paper Resources
  • Harvard Business Review. (2006), Proctor and Gamble; Inside Proctor and Gamble's New Model for Innovation, Harvard Business Review, Vol 10, [ISSN: R0603C].
  • Scott D.Anthony & Bruce Brown. (2011), How P+G tripled its innovation success rate, Harvard Business Review, June 2011.
Other Resources
 
Module Delivered in
Programme Code Programme Semester Delivery
CR_BGLBP_9 Master of Arts in Global Business Practice 1 Mandatory
CR_BGLOB_9 Postgraduate Diploma in Arts in Global Business 1 Mandatory