BUSDEV 721 : Innovation Management and Strategy

Business and Economics

2024 Quarter Three (1246) (15 POINTS)

Course Prescription

Examines various sources of innovation and the capabilities, processes and challenges of managing innovation and embedding it across an organisation. Focuses on the process of formulating innovation strategy and common elements of innovation strategies.

Course Overview

Although innovation has become ubiquitous and has achieved cult-like popularity, organisations often embrace it without sufficient reflection on the suitability or fit with the organisational context and strategy. To make matters worse, innovation is underpinned by a range of paradoxical tensions, which demand strategic management. Both established businesses and start-ups need to evaluate and manage their innovation efforts strategically: balancing new product development and existing product portfolios,  considering collaborative engagements to innovate, strategically manage value capture from innovation.

The course introduces innovation as a systematic process that can – and should – be managed strategically. It introduces critical underlying concepts, dynamics, and paradoxes of strategic innovation, alongside select frameworks that can aid strategic innovation management. While business development focuses on processes to identify, create and implement growth opportunities, strategic innovation management is the backbone of business development.

Course Requirements

No pre-requisites or restrictions

Capabilities Developed in this Course

Capability 1: Disciplinary Knowledge and Practice
Capability 2: Critical Thinking
Capability 3: Solution Seeking
Capability 4: Communication and Engagement
Capability 5: Independence and Integrity

Learning Outcomes

By the end of this course, students will be able to:
  1. Explain and critically evaluate main concepts and frameworks related to strategic innovation management and demonstrate an awareness of the complexities of their application (Capability 1 and 2)
  2. Critically evaluate current approaches and application of relevant concepts and frameworks in a range of organisational settings (Capability 1 and 2)
  3. Generate and evaluate recommendations to aid innovation strategy development, implementation (or refinement) in your organisation (Capability 1, 2, 3, 4.2 and 5.1)

Assessments

Assessment Type Percentage Classification
Discussions 20% Individual Coursework
Reflection 30% Individual Coursework
Reports 50% Individual Coursework
Assessment Type Learning Outcome Addressed
1 2 3
Discussions
Reflection
Reports

Workload Expectations

BUSDEV 721 is a 15-point course, and each point is equal to 10 hours of learning. Thus, there are 150 hours of learning during the quarter or about 15 hours per week. 

Delivery Mode

Online

This course runs to the University quarter timetable and all the associated completion dates and deadlines will apply. The course is delivered fully online through Canvas. Webinars and other synchronous online activities are scheduled on Tuesday evenings from 7-9pm. Details are provided in the Canvas Calendar, and reminders are sent out in advance.

The course includes two main types of activities:

1. Learn and apply: Each module in Canvas introduces, explains and provides examples of key concepts and contemporary practices related to innovation strategy and management. Modules consist of online content, ancillary readings, videos and podcasts. Your ability to apply what you learned from these modules is assessed by Assignment 2 and Assignment 3, in which you are expected to analyse and reflect on relevant concepts in your workplace or other relevant organisational context.

2. Listen and relate: BusDev@Auckland is a webinar series for all students in the Master of Business Development programme. You will have the opportunity to listen to and ask practitioners about their experiences related to Business Development. A reflective exercise provides an opportunity to think about and receive feedback on what you learned from the webinars and how it may apply in your context. Therefore, for the maximum benefit, you should try to attend the webinars synchronously online or on campus and to use the opportunity to ask questions. The sessions are recorded in case you are unable to attend. 

Learning Resources

Course materials are made available in a learning and collaboration tool called Canvas which also includes reading lists and lecture recordings (where available).

Please remember that the recording of any class on a personal device requires the permission of the instructor.

Course readings are available via Reading Lists on the main navigation menu in Canvas (the University’s online learning management system) and are also linked within each module. (canvas.auckland.ac.nz). Check in Modules for updates on weekly basis.

Student Feedback

At the end of every semester students will be invited to give feedback on the course and teaching through a tool called SET or Qualtrics. The lecturers and course co-ordinators will consider all feedback and respond with summaries and actions.

Your feedback helps teachers to improve the course and its delivery for future students.

Class Representatives in each class can take feedback to the department and faculty staff-student consultative committees.

The content is continuously updated based on student feedback.

Academic Integrity

The University of Auckland will not tolerate cheating, or assisting others to cheat, and views cheating in coursework as a serious academic offence. The work that a student submits for grading must be the student's own work, reflecting their learning. Where work from other sources is used, it must be properly acknowledged and referenced. This requirement also applies to sources on the internet. A student's assessed work may be reviewed for potential plagiarism or other forms of academic misconduct, using computerised detection mechanisms.

Class Representatives

Class representatives are students tasked with representing student issues to departments, faculties, and the wider university. If you have a complaint about this course, please contact your class rep who will know how to raise it in the right channels. See your departmental noticeboard for contact details for your class reps.

Inclusive Learning

All students are asked to discuss any impairment related requirements privately, face to face and/or in written form with the course coordinator, lecturer or tutor.

Student Disability Services also provides support for students with a wide range of impairments, both visible and invisible, to succeed and excel at the University. For more information and contact details, please visit the Student Disability Services’ website http://disability.auckland.ac.nz

Special Circumstances

If your ability to complete assessed coursework is affected by illness or other personal circumstances outside of your control, contact a member of teaching staff as soon as possible before the assessment is due.

If your personal circumstances significantly affect your performance, or preparation, for an exam or eligible written test, refer to the University’s aegrotat or compassionate consideration page https://www.auckland.ac.nz/en/students/academic-information/exams-and-final-results/during-exams/aegrotat-and-compassionate-consideration.html.

This should be done as soon as possible and no later than seven days after the affected test or exam date.

Learning Continuity

In the event of an unexpected disruption, we undertake to maintain the continuity and standard of teaching and learning in all your courses throughout the year. If there are unexpected disruptions the University has contingency plans to ensure that access to your course continues and course assessment continues to meet the principles of the University’s assessment policy. Some adjustments may need to be made in emergencies. You will be kept fully informed by your course co-ordinator/director, and if disruption occurs you should refer to the university website for information about how to proceed.

Student Charter and Responsibilities

The Student Charter assumes and acknowledges that students are active participants in the learning process and that they have responsibilities to the institution and the international community of scholars. The University expects that students will act at all times in a way that demonstrates respect for the rights of other students and staff so that the learning environment is both safe and productive. For further information visit Student Charter https://www.auckland.ac.nz/en/students/forms-policies-and-guidelines/student-policies-and-guidelines/student-charter.html.

Disclaimer

Elements of this outline may be subject to change. The latest information about the course will be available for enrolled students in Canvas.

In this course students may be asked to submit coursework assessments digitally. The University reserves the right to conduct scheduled tests and examinations for this course online or through the use of computers or other electronic devices. Where tests or examinations are conducted online remote invigilation arrangements may be used. In exceptional circumstances changes to elements of this course may be necessary at short notice. Students enrolled in this course will be informed of any such changes and the reasons for them, as soon as possible, through Canvas.

Published on 25/10/2023 12:40 p.m.