MOØ210 Innovation and strategy

Contents and structure

This course provides an introduction to the field of innovation theory and an understanding of different aspects of innovation. Innovation and the introduction of new technology occur through processes of learning, knowledge accumulation and networking, and students learn how and why firms and industries innovate or do not innovate. The course will emphasize the interactive nature of innovation, i.e. innovation activities of firms rely on firm external factors such as collaborators, rivals, market conditions, and formal and informal institutions. The course also focuses on the evolutionary nature of innovation. Innovation is a cumulative phenomenon that builds on existing knowledge and practice, including past inventions and innovations. Key topics in the course are: knowledge creation and innovation, innovation strategy, the networks of the innovators, various models for innovation, innovation systems, and innovation and society.

Learning Outcome

On completion of the course the student:

• has advanced knowledge in the field of innovation theory.
• has advanced knowledge about different strategies and models for innovation and is able to identify innovation opportunities and challenges for an organisation.
• has insight into the commercial potential of new products and technology.
• has an advanced understanding of the interactive or systemic nature of innovation.
• understands why knowledge about innovation is important for innovation.

On completion of the course the student can:

• use theories and methods from innovation theory in a master¿s thesis.
• conduct a research project in accordance with the norms and guidelines for research ethics.
• use theory and models about innovation when participating in innovation processes.
• manage innovation processes within an organisation.

On completion of the course the student:

• can translate findings from innovation theory into practical knowledge.
• can communicate important findings from innovation theory.
• has a critical attitude towards models and theories.

Entry requirements

No formal requirements.

Teaching methods

The course is organised in the form of lectures reviewing and discussing the literature. There will also be working seminars, where students are expected to present selected articles. In these seminars we will also discuss how to write an essay.

Compulsory learning activities

None

Assessment

Exam in two parts:

1. Individual essay (60% of the final assessment).
2. Written examination, 4 hours (40% of the final assessment). The examination may be digital.

The essay and examination paper may be submitted in Norwegian or English.

Grading scale is A-F where F is fail.

Both parts must get a passing grade in order to get a final grade for the course.

Passed individual essays are valid for the examination semester and 3 following semesters.