Strategic Innovation Management

Master 2020/2021

Type: Compulsory course

Area of studies: Business Informatics

Delivered by: Department of Strategic and International Management

Where: Graduate School of Business

When: 1 year, 2, 3 module

Mode of studies: distance learning

Instructors: Anna Yuryevna Yakovleva

Master’s programme: Big Data Systems

Language: English

ECTS credits: 3

Contact hours: 24

Full Syllabus Ask Question

Abstract

The discipline Strategic and innovation management is aimed at development of the necessary amount of fundamental and applied knowledge for students for a successful strategic and innovation analysis of the enterprise in a high dynamics and environmental uncertainty. The course includes a combination of theoretical and practical exercises. Practical classes are aimed at developing skills and abilities to use strategic and innovation analysis in the process of developing strategic and innovation decisions and innovative development organization. In the process of studying the discipline, the method of analysis of cases and other interactive methods. The discipline program provides for homework. All the workshops are focusing on relevant and practically relevant issues strategic and innovation management. Homework with using actual material will allow the student to refine knowledge theoretical models and concepts of strategic and innovation management, master skills use of strategic and innovation analysis tools.

Learning Objectives

Training in Strategic Innovation Management techniques in corporate and startup environment
Understanding the role of innovation strategic management in creation of successful future of a company
Study business model creation as a quintessence of company's performance
Learing agile and lean techniques in innovation creation

Expected Learning Outcomes

Study and systematize knowledge on progressive approaches to innovation management in companies
Learn about innovation flows and processes, role of innovation in company's activity, on creation of competitive advantages
Study innovation strategies: types, environment and formulation process.
Learn how to create relationship with the stakeholders: work in network structures, develop ecosystem and other types of partnetship.
Know how to create innovation business models
Understanding traditional vs. agile management approach to management of innovation
Learn how to use agile framework to elaboration of innovation
Study how to use strategic management approaches and tools in innovation performance
Study innovation business model frameworks
Learn how to move (reinvent) a business model

Course Contents

Innovation: definitions, theories, and approaches
Definitions of innovation, innovation activity, innovation as a project. Waves of innovation. Innovation in companies of various scales. Innovation management mainstream trends and technologies. Support of innovation activity. Innovation processes. Venture financing versus innovation processes. Risks of innovations.
Strategy and innovation
Strategy of a company: types of strategies; role for a company; strategy formulation process; strategies in emerging, growth, mature an decline companies/markets. Strategic environment. Innovation and strategy: innovate or die. Creativity audit. Signaling perspective in competition. Strategy and stakeholders: networking forms of companies’ organizational structure; strategic alliances. Ecosystem perspective: innovation ecosystems and new business modelling.
Business models innovation
Business model innovation definitions, approches to business model innovation, drivers and barriers, tools, outcoms and enablers, processes.Incremental and radical changes and their connection to business model. Business modl dynamics
Agile and lean approaches in strategic innovation management
Linear and iterative processes of innovation. Traditional versus agile approaches in managing innovations. Agile approaches to managing innovation. Agile principles and values. SCRUM as agile framework.

Assessment Elements

Individual and group participation in seminars and lectures
Quiz
The exam is taken in written form (single or multiple choice questions, open questions) on Startexam platform. No possibilities of handouts use

Interim Assessment

Interim assessment (3 module)
0.6 * Individual and group participation in seminars and lectures + 0.4 * Quiz

Bibliography

Recommended Core Bibliography

Bernd Wirtz, Vincent Göttel, & Peter Daiser. (2016). Business Model Innovation: Development, Concept and Future Research Directions. https://doi.org/10.5278/ojs.jbm.v4i1.1621
Chesbrough, H. W. (2006). Open Business Models : How To Thrive In The New Innovation Landscape. Boston, Mass: Harvard Business Review Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=674922
Chesbrough, H., & Rosenbloom, R. S. (2002). The role of the business model in capturing value from innovation: evidence from Xerox Corporation’s technology spin-off companies. https://doi.org/10.1093/icc/11.3.529
Christensen, C. M. (2016). The Innovator’s Dilemma : When New Technologies Cause Great Firms to Fail (Vol. [Third edition?]). Boston, Massachusetts: Harvard Business Review Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1917647
Cornelius de Kluyver, & John A. Pearce. (2015). Strategic Management : An Executive Perspective: Vol. First edition. Business Expert Press.
Daniela Andreini, & Cristina Bettinelli. (2017). Business Model Innovation : From Systematic Literature Review to Future Research Directions. Springer.
Dekkers, R. (2018). Innovation Management and New Product Development for Engineers, Volume I : Basic Concepts. Momentum Press.
Foss, N. J., & Saebi, T. (2017). Fifteen Years of Research on Business Model Innovation. Journal of Management, 43(1), 200–227. https://doi.org/10.1177/0149206316675927
Girotra, K., & Netessine, S. (2014). four paths to business model innovation. Harvard Business Review, 92(7/8), 96–103.
Holbeche, L. (2018). The Agile Organization : How to Build an Engaged, Innovative and Resilient Business: Vol. 2 edition. Kogan Page.
Kannan, V. R. (2013). Strategic Management in the 21st Century [3 Volumes]. Santa Barbara, Calif: Praeger. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=658612
Mary M. Crossan, & Marina Apaydin. (2010). A Multi Dimensional Framework of Organizational Innovation: A Systematic Review of the Literature.
Nicolai J Foss, & Tina Saebi. (2015). Business Model Innovation : The Organizational Dimension: Vol. First edition. OUP Oxford.
PISANO, G. P. (2015). You Need an Innovation Strategy. Harvard Business Review, 93(6), 44–54.
Stellman, A., & Greene, J. (2014). Learning Agile : Understanding Scrum, XP, Lean, and Kanban: Vol. First edition. O’Reilly Media.
Trott, P. (2016). Innovation Management and New Product Development. Pearson.

Recommended Additional Bibliography

Appleyard, M. M., & Chesbrough, H. W. (2017). The Dynamics of Open Strategy: From Adoption to Reversion. https://doi.org/10.1016/j.lrp.2016.07.004
Blank, S. (2013). Why the Lean Start-Up Changes Everything. Harvard Business Review, 91(5), 63–72. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=bsu&AN=87039866
BLANK, S. (2015). The Repeatable Path to Startup Success. Business Innovation Factory Storyteller Archive, 18–19. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=bsu&AN=115487527
Blank, S. (2019). Why Companies Do “Innovation Theater” Instead of Actual Innovation. Harvard Business Review Digital Articles, 2–5. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=bsu&AN=139155080
Bogers, M., Chesbrough, H., & Moedas, C. (2018). Open Innovation: Research, Practices, and Policies. California Management Review, 60(2), 5–16. https://doi.org/10.1177/0008125617745086
Bogers, M., Chesbrough, H., Heaton, S., & Teece, D. J. (2019). Strategic Management of Open Innovation: A Dynamic Capabilities Perspective. California Management Review, 62(1), 77–94. https://doi.org/10.1177/0008125619885150
Bower, J. L., & Christensen, C. M. (1995). Disruptive Technologies: Catching the Wave. Harvard Business Review, 73(1), 43–53. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=bsu&AN=9501303527
Chesbrough, H. (2020). To recover faster from Covid-19, open up: Managerial implications from an open innovation perspective. https://doi.org/10.1016/j.indmarman.2020.04.010
Chesbrough, H., Lettl, C., & Ritter, T. (2018). Value Creation and Value Capture in Open Innovation. Journal of Product Innovation Management, 35(6), 930–938. https://doi.org/10.1111/jpim.12471
Chesbrough, H., Sohyeong Kim, & Agogino, A. (2014). Chez Panisse: BUILDING AN OPEN INNOVATION ECOSYSTEM. California Management Review, 56(4), 144–171. https://doi.org/10.1525/cmr.2014.56.4.144
Gawer, A., & Cusumano, M. A. (2014). Industry Platforms and Ecosystem Innovation. Journal of Product Innovation Management, 31(3), 417–433. https://doi.org/10.1111/jpim.12105
Harvard Business Review, Clayton M. Christensen, Mark W. Johnson, Rita Gunther McGrath, & Steve Blank. (2019). HBR’s 10 Must Reads on Business Model Innovation (with Featured Article “Reinventing Your Business Model” by Mark W. Johnson, Clayton M. Christensen, and Henning Kagermann). Boston, Massachusetts: Harvard Business Review Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1855536
Holbeche, L. (2015). The Agile Organization : How to Build an Innovative, Sustainable and Resilient Business. Kogan Page.
Johnson, M. W., Christensen, C. M., & Kagermann, H. (2008). Reinventing Your Business Model. (cover story). Harvard Business Review, 86(12), 50–59. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=bsu&AN=35386627
Moran, A. (2015). Managing Agile : Strategy, Implementation, Organisation and People. Cham: Springer. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=969008
Porter, M. E. (2015). What is strategy? Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.C0E62A3B
Ron Adner, & Rahul Kapoor. (2010). Value creation in innovation ecosystems: how the structure of technological interdependence affects firm performance in new technology generations. Strategic Management Journal, 3, 306. https://doi.org/10.1002/smj.821
Steve Blank, & Bob Dorf. (2020). The Startup Owner’s Manual : The Step-By-Step Guide for Building a Great Company. Wiley.
Wise, T. P., & Daniel, R. (2015). Agile Readiness : Four Spheres of Lean and Agile Transformation. Routledge.

Course Syllabus