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LEARNING OBJECTIVES:
On completion of the course participants should be able to:
COURSE DESCRIPTION:
"Surely, nothing can be more plain or even more trite common sense than the proposition that innovation, as conceived by us, is at the center of practically all the phenomena, difficulties, and problems of economic life in capitalist society.", says the founding father of the innovation discipline Joseph A. Schumpeter.
As the quote illustrates, the course takes its point of departure in the assumption that innovation and the resulting progress and disequilibrium is a major driving force in the economy. Still, innovation as an economic phenomenon and event has always been relegated to obscurity in business administration theory, which to a large extent is based on the micro-economic theories of equilibrium. An important premise of the course is that innovation to some extent lets itself be guided and driven by active economic agents - the innovators. Innovation is thus not, as in most economic theory, seen simply as a series of arbitrary, exogenous shocks to the economy.
Accordingly, this course highlights innovation as a particularly relevant study object in an economic universe characterized by unpredictability and comprehensive changes due to, among other things, internationalization, continuous changes in demand and rapid technological advances. In other words, it is possible for a society, an industry, a company or even a person to deliberately develop their skills and capacity for innovation and thus generate a competitive advantage.
COURSE SUBJECT AREAS:
REQUIRED COURSES (progression):
It is recommended that the students have passed the courses Marketing, Strategy and 8035: Organizational Behavior
LECTURER: Per Blenker
TEACHING METHOD:
The course is primarily theory based lectures, but student activity is vital as groups of students are given the responsibility to formulate questions for each week. Further students are expected to participate actively in both theoretical and case-based discussions.
TEACHING LANGUAGE: Danish
LITERATURE:
Book:
Smith, David (2006)Exploring Innovation; McGraw Hill, Berkshire
(approx. 300 pages)
Compendium (approx. 500 pages):
Blenker, P. (1994) Innovation og entrepreneuriel væren - eller noget om hvorfor det er så svært at tale om Innovation, I Freytag et.al. (Red) Innovation i et økonomisk perspektiv , Samfundslitteratur, pp 262-292.
Trott, P. (2005) Innovation Management And New Product Development, Prentice Hall, chap. 1, pp. 3-38
Schumpeter, J.A. (1934). The Theory of Economic Development. Excerpts (approx.
20 pages)
Lundvall, B.Å. (1998). Why Study National Systems and National Styles of
Innovation? Technological Analysis & Strategic Management, 10 (4) pp. 407-421 (14
pages)
Teece, D. & Pisano, G. (1994). The Dynamic Capabilities of Firms: An Introduction.
Industrial and Corporate Change, 3 (3) pp. 537-556 (20 pages)
Rowley, T., D. Behrens & D. Krackhardt (2000) Redundant governance structures: an analysis of structural and relational embeddedness in the steel and semiconductor industries, Strategic Management Journal , Vol 21, 3, pp. 369-386.
Jon Sundbo (1994) Tre grundopfattelser i innovationsteorien, Ledelse og Erhvervsøkonomi , årg. 58 no. 3-4 p. 169-83.
Cooper, R.G., S.J. Edgett & E.J. Kleinschmidt (2002). Optimizing the Stage-Gate
Process: What Best-Practice Companies Do - I. Research Technology Management,
45 (5) Sep-Oct, pp. 43-49 (6 pages)
Johne, F. A. (1984) How experienced product innovators organize. Journal of Product Innovation Management. 1: 210-233
Weick, K., Sutcliffe, K.M. and Obstfeld,D.(2005 ). Organizing and the Process of Sensemaking, Organization Science 16 (4) pp. 409-21
Van de Ven, A (1986), ‘Central Problems in the Management of Innovation',
Management Science vol. 32 (5), pp. 590-607.
March, J.G. (1991) Exploration and Exploitation in Organizational Learning, Organization Science , Vol. 2, No. 1, pp. 71-87.
Christensen, K.S. (2005). Corporate Entreprenørskab: Begreber og Perspektiver - Ny konkurrencekraft med corporate entreprenørskab?, Ledelse & Erhvervsøkonomi , Vol 69, No 1, pp 13-26.
Von-Hippel, E. (1994). 'Sticky Information' and the Locus of Problem Solving:
Implications for Innovation. Management Science, 40 (4) pp. 429-439 (10 pages)
Rambøll Management (2005). Innovationsspringet - en analyse af innovation i små
og mellemstore virksomheder (approx. 20 pages, excerpts)
Kjeldsen, J. & K. Nielsen (2004). Growth Creating Entrepreneurs: What Are Their
Characteristics and Impact, and Can They Be Created? - A Perspective Relating to
Industrial Policy and Economic Development (12 pages)
Nielsen, K. (2005). Danmark - verdens førende iværksætternation? (15 pages)
Innovationsrådet (2006) InnovationMonitor 2006 - Danmarks innovationskapacitet - fra benchmarking til politik, pp. 4-17
Porter, M.E. (1990). The Competitive Advantage of Nations. Harvard Business
Review, March-April (17 pages)
Mandag Morgen (2004). På Sporet af Verdensklasse - Innovationsmiljøet
Katrinebjerg (excerpts, approx. 10 pages)
Etzkowitz, H., A. Webster, C. Gebhardt & B.R.C. Terra (2000). The Future of the
University and the University of the Future: Evolution of Ivory Tower to
Entrepreneurial Paradigm. Research Policy, 29 (2) pp. 313-330 (17 pages)
Fisker, S. (2004). Academic Entrepreneurship - An Oxymoron? Aarhus Business
School, Working Paper Series (excerpts, approx. 20 pages)
FORM OF ASSESSMENT: 4 hour written exam
EXAMINATION AIDS ALLOWED: None