Innovation Management Summer 2013 Instructor: E-mail: Merih Pasin merih.pasin@gmail.com 2:40 pm - 5:30 pm T 1:40 pm - 4:30 pm R Course Description: Purpose of this course is to introduce and explore innovation management concept, how to manage product innovation and product development and build competitiveness through innovation. Delivering new ideas and technologies as successful products to market in a sustainable way is at utmost importance for companies. This will require not only creative idea generation, but as well management of these creative ideas towards delivering as product portfolio and ensuring sustainable innovation. Managing these require a solid understanding of innovation management. In this course, you will learn the innovation process, how to generate new ideas and evaluate them. It will also include methods and tools to develop sustainable innovation and manage innovation project portfolio Furthermore, the course will introduce innovation concepts such as “open innovation”, “front end innovation”, which are important tools in today’s innovation approach by most companies. It will also provide comprehensive understanding of intellectual property, handling confidential information, and patents. This interactive course includes several assignments and case studies, and engages the student with active participation. Learning Outcomes: Upon successful completion of the course, the student should be able to: 1. Understand the innovation process. 2. Learn the components involving innovation management 3. Understand the wider context of innovation and influencers 4. Identify the factors to achieve success in innovation 5. Recognize the factors to manage the uncertainty 6. Examine the different forms of protections for intellectual property 7. Learn how to understand patent, introduce components of a patent 8. Understand how to handle confidential information 9. Recognize different ways of managing innovation such as alliances, open innovation 10. Understand the fundamentals of R&D management Course Program: Week Week 1 Week 2 Date Topic Syllabus Overview Introduction to concepts Types of innovation, Models of Innovation, Innovation process Managed innovation Assignment Reading: Chapter 1-2 Assignment: Select a type of innovation and provide a real life example. Innovation diffusion theory Reading: Chapter 3 Week 3 Week 4 Week 5 Week 6 Week 7 Managing innovation within firms: o Managing uncertainty o Managing project portfolio Innovative organizations Management tools for innovation Innovation and Operations Management Design principles Manufacturing principles of innovation. Innovation radar- 360 Innovation Supply chain innovation Triggers of innovation- innovation tools Managing IP, development of IP strategy Expansion to patents How to evaluate and use patents “Freedom to Use” concept Case study Overview of the assignments. How to handle confidential information New approach to R&D organizations and innovation Managing R&D project portfolio Final Case study. FINAL EXAM Reading: Chapter 7-8 Assignment: Select the best management tool(s) to solve the assigned problem. Reading: Chapter 9-10 Reading: Chapter 5, 10 Assignment: Search an assigned patent, analyze its claims and suggest an improvement area or identify a loophole for the potential next patent filing. Reading: Chapter 7, 10 Course Material: Text Book: Paul Trott, Innovation Management of New Product Development. Course will also be supported by current reports on innovation management, recent news on patents. Grading Structure Attendance & Participation Assignments and Case Studies Final Case Study Final Exam Total % 10 30 10 50 100