MGF5600 - Managing innovation - Monash University

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Overview

This unit looks at innovation as a managerial process. It provides methodologies for setting up and managing innovation within teams, departments and organisation wide. Topics cover: sources of innovation; collaboration and cooperation in innovation; types of innovation networks: social, sartorial, regional, national and global; the strategies and stages of creative … For more content click the Read More button below.

This unit looks at innovation as a managerial process. It provides methodologies for setting up and managing innovation within teams, departments and organisation wide.

Topics cover: sources of innovation; collaboration and cooperation in innovation; types of innovation networks: social, sartorial, regional, national and global; the strategies and stages of creative innovation, translating knowledge into innovation; methods of selecting and rejecting innovation including the stage gate process; mapping technological change and opportunity; managing an innovative culture and the diffusion of innovation, exploiting intellectual property; the role of discontinuous innovation, and innovation for growth and sustainability in domestic and international markets.

Offerings

NOV12-CAULFIELD-BLOCK-ON

S2-01-CAULFIELD-ON-CAMPUS

SSB-01-CAULFIELD-ON-CAMPUS

Contacts

Chief Examiner(s)

Professor Mathew Hayward

Constantin Alba

Learning outcomes

On successful completion of this unit, you should be able to:

develop strategies for managing innovation and its commercialisation

design an appropriate process for screening a new product service idea through to introduction

define criteria for the sustainability of innovations

describe the impact of networks and role of networking on managing the innovation process.

Teaching approach

Active learning

Assessment

1 - Within semester assessment

Scheduled and non-scheduled teaching activities

Lectures

Tutorials

Workload requirements

Workload

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.