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Innovation Management (B-KUL-HMI12A)

6 ECTSEnglish39 First termCannot be taken as part of an examination contract
Kelchtermans Stijn (coordinator) |  Kelchtermans Stijn
OC Handelswetenschappen FEB Campus Brussel

Aims

The learnign objectives of the course are the following:

  • Understand the major concepts behind the dynamics of innovation and innovation systems i.e. at the macro level.
  • Understand the major concepts and tools that firms use to ‘explore’ innovation i.e. search for new ideas.
  • Understand the major concepts and tools that firms use to ‘execute’ innovation i.e. select ideas and how they organize themselves for innovation.
  • Understand the major concepts and tools that firms use to ‘exploit’ innovation i.e. how firms not only create value but make sure they capture it.
  • Analyze how firms deal with the exploration, execution and exploitation of innovation by interviewing experts.

Previous knowledge

Background knowledge of strategy, innovation and entrepreneurship is recommended but not strictly required.

Is included in these courses of study

Activities

6 ects. Innovation Management (B-KUL-HMI12a)

6 ECTSEnglishFormat: Lecture39 First term
Kelchtermans Stijn
OC Handelswetenschappen FEB Campus Brussel

Content

The course is divided into four modules:

  • Introduction
  • Exploring innovation
  • Executing innovation
  • Exploiting innovation

 

Course material

Study cost: Not applicable (The information about the study costs as stated here gives an indication and only represents the costs for purchasing new materials. There might be some electronic or second-hand copies available as well. You can use LIMO to check whether the textbook is available in the library. Any potential printing costs and optional course material are not included in this price.)

  • Web lectures and course slides are available on Toledo.
  • It is an explicit objective of the course to expose you directly to scientific literature on innovation management. The required readings are available on Toledo.

Language of instruction: more information

This course is taught in English (and all course material is in English) as part of the internationalisation of the programme and/or because the course is open to incoming exchange students.

Format: more information

The course follows a flipped classroom concept:

  • Before class, students process material through interactive web lectures containing in-video questions; answers are taken into account for the course participation score.
  • The web lectures are complemented by on-campus classes where understanding of the material is deepened using Q&A and joint exercises, which also count for class participation.
  • Throughout the semester, students work on a group assignment for which they interview innovation professionals and report on their findings.

Evaluation

Evaluation: Innovation Management (B-KUL-H74251)

Type : Partial or continuous assessment with (final) exam during the examination period
Description of evaluation : Written, Paper/Project, Self assessment/Peer assessment, Participation during contact hours
Type of questions : Open questions
Learning material : Course material

Explanation


The course evaluation consists of the following components:

  • Group assessment (40%): Document and compare the innovation management of 2 firms.
    • The work is done in groups.
    • The deliverable is a report; detailed assignment guidelines are available on Toledo.
    • Differentiation in the grades among group members is possible if there are clear imbalances in effort.
  • Individual assessment
    • Participation (10%)
      • Questions embedded in the web lectures. 
      • Participation in in-class assignments. 
      • The comments you submit for the group assignment report of one other group (assignment guidelines contain detailed information).
    • Exam (50%)
      • Written, closed-book exam. Detailed guidelines on how to prepare for the exam are provided.
      • Open questions, which address the lecture content and the course readings.

A pass mark on both the group assignment and the exam is needed in order to pass the course!  In case you don’t pass either the exam or the assignment (or both), a pro forma score of 5/20 will be assigned and you need to retake the failed component(s). 

The use of generative AI (“GenAI”, i.e., ChatGPT and similar tools) is allowed in this course but you are required to report any use of GenAI tools when submitting assignments.

Information about retaking exams

In case you don’t pass either the exam or the assignment (or both), a pro forma score of 5/20 will be assigned and you need to retake the failed component(s). For the group assignment, this means that it needs to be revised; the submission date is arranged individually with the professor. Note that if you fail the group assignment you can pass the course at the earliest in the next exam session, even if you passed the exam.