Innovation is widely-recognised as a major driver of economic growth. Yet innovation projects can be difficult to manage: they typically involve a high level of uncertainty, and many organisations are unsatisfied with the level of innovation they achieve. In this unit of study, we focus on issues in the management of innovation projects at the individual project level, organisational level and across networks of organisations. Since a systematic approach can and does improve our effectiveness in managing innovation, we begin by exploring several different process models of the stages through which innovation projects are managed. We discuss context and challenges which impact such projects, as well as the concepts of creativity and intellectual property management. Using focused case studies, we analyse best practice in the structures and processes that organisations can provide to enable innovation, as well as to support the search, selection, implementation, dissemination, feedback and evaluation stages of their innovative projects. We also examine the impact of networks on innovation (e.g. collaboration networks), national innovation policies and systems, and trends towards open innovation.
Workshops, Seminars, E-Learning
Refer to the assessment table in the unit outline.