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2023/24 Undergraduate Module Catalogue

LUBS2065 Managing Innovation in Business

10 creditsClass Size: 150

Module manager: Stefania Romano

Taught: Semester 2 (Jan to Jun) View Timetable

Year running 2023/24

This module is approved as a discovery module

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.


The module aims to provide the knowledge and skills to enable the student to demonstrate a comprehensive understanding of innovation, the current practices and management of innovation and apply their knowledge to current case studies and present evidence to support arguments for different models of change. In doing so, students will be able to demonstrate recognition and understanding of their own innovative skill set.

Learning outcomes
On completion of this module, students will be able to:
- Describe and explain concepts and theories relating to innovation
- Identify and analyse the current practices and management of innovation
- Recognise and outline what innovative skills are and discuss how these can be developed in relation to organisational culture
- Develop their own skills through experimenting with, and reflecting on, innovative practices both generally and within their subject discipline

Skills outcomes
Upon completion of this module students will be able to:
- Develop an understanding of their and others’ personal skills and attributes
- Develop and exercise group discussions and interactions

Subject specific
- Recognise and develop their own creativity and innovation skill set relevant to a business context


The general outline of the syllabus is:

1. Introduction to the module and Creativity
2. What is innovation?
3. The Innovation Context
4. Developing an Innovation Strategy
5. The Types of Innovation & Innovation Space
6. Creativity for Innovation
7. New Product Development Models
8. Open Innovation
9. Social Innovation and Co-Production of New Services

Reflections and wrap-up

Supported by 1 additional evening guest industry speakers/panel debate.

Teaching methods

Delivery typeNumberLength hoursStudent hours
Private study hours80.00
Total Contact hours20.00
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

Students will receive feedback through the seminar discussions and through various opportunities throughout the module.

Methods of assessment

Assessment typeNotes% of formal assessment
ProjectIndividual Project - 2,800 words maximum100.00
Total percentage (Assessment Coursework)100.00

The resit for this module will be 100% by 2,800 word coursework.

Reading list

The reading list is available from the Library website

Last updated: 28/04/2023 14:49:14


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