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2011/12 Undergraduate Module Catalogue

LUBS2065 Managing Innovation in Business

10 creditsClass Size: 80

Module manager: Dr Richard Tunstall
Email: r.tunstall@leeds.ac.uk

Taught: Semester 2 (Jan to Jun) View Timetable

Year running 2011/12

Module replaces

LUBS2030 Leadership in Business (at level 2)

This module is approved as an Elective

Module summary

Organisations that successfully manage innovation consistently outperform their peers, both in terms of growth and financial performance. However, managing innovation is not easy and can disturb the stability of an enterprise. It requires skills, knowledge and attitudes that often don't conform to standard business procedures. 'Managing Innovation in Business' encompasses more than any one single aspect instead, looks at innovation as an integrated approach to dealing with organisational change. This module is about more than having good ideas; it's about managing new ideas, improving old ideas and understanding how to implement them successfully.This module is designed to be accessible for all students, regardless of subject discipline. It supports and encourages students to experiment with, and learn from, innovative action both generally and within their subject discipline.

Objectives

On successful completion of the module the student should be able to:
- demonstrate a comprehensive understanding of innovation, the current practices and management of innovation ;
- be able to apply their knowledge to current case studies and present evidence to support arguments for different model of change;
- demonstrate an understanding of their own innovative skill set.

Learning outcomes
This module aims to develop students' knowledge and understanding of:
- innovation;
- the current practices and management of innovation;
- innovative skills.

It will be accessible to students, regardless of their subject discipline.

In addition, students will develop their own skills through experimenting with, and reflecting on, innovative practices both generally and within their subject discipline.


Syllabus

The general outline of the syllabus is included below:

Workshops (Description)
1. Introduction
a) Overview of Creativity & Innovation
b) Overview of Leadership & Management

2. Aspects of Innovation
Innovation - what is it & why does it matter?

3. Innovation as a business process
Models of innovation process, can we manage innovation? Successful innovation management

4. Group project
Preparation of case study assessment

5. Context of Innovation
Building the innovative organisation, developing innovative strategy

6. Sources of Innovation
Where does innovation come from? Innovation networks

7. Decision making under uncertainty
Challenges of uncertainty, decision making at the edge, spreading the risk

8. Group project presentation
Delivery of group assessment

9. Innovation Implementation
Creating new products and services, exploring new ventures

10. Capturing innovation
Benefits of innovation, creating value, learning from innovation, developing management capability

11. Reflections
Review of module and coursework requirements

Supported by 4 additional guest lectures.

Teaching methods

Delivery typeNumberLength hoursStudent hours
Workshop102.0020.00
Class tests, exams and assessment12.002.00
Lecture41.004.00
Private study hours74.00
Total Contact hours26.00
Total hours (100hr per 10 credits)100.00

Private study

The module has a core text and a recommended supplementary edited book of readings. There will also be a reading list of contemporary journal articles.

Opportunities for Formative Feedback

Attendance will be expected at every workshop session, and non-attendance without good reason will be followed up. Progress issues will be addressed informally during the interactive workshop sessions.

Methods of assessment


Coursework
Assessment typeNotes% of formal assessment
EssayOpen innovation audit (1,800 words excluding references)70.00
PresentationGroup project30.00
Total percentage (Assessment Coursework)100.00

Normally resits will be assessed by the same methodology as the first attempt, unless otherwise stated

Reading list

The reading list is available from the Library website

Last updated: 27/03/2012

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