This module will explore the relationship between strategy-making and innovation management. It will consider different approaches to managing innovation in in complex international environments and assesses options and challenges that are posed by strategy-making in those different contexts. By the end of this module students will have a greater knowledge and understanding of strategy and innovation management and will be able to consider both the long-term and the large-scale implications of future business decisions and actions in different competitive environments. The module will develop an understanding of the firm as a dynamic organism within which competencies and capabilities are geared towards innovation. To this aim, the module may cover, among others, strategic issues attached to the disruptive effects of innovation both at product level (e.g., implications for the design and development of new products or processes) and firm level (e.g., business model, investment in technologies, inter-organisational relationships).
Module learning outcomes
Engage critically with different paradigms in strategy formation, strategy implementation, and innovation management
Understand a broad representation of differing and often conflicting perspectives and theories, reflecting the richness of current debate among academics and practitioners in the fields of innovation management and strategic management
Identify the given features of countries and industries from the point of view of technological change along with the way in which national and global frameworks of economic management and technology policy interact
Demonstrate an ability to define strategic issues, to critically reflect on existing theories, to creatively combine or develop conceptual models where necessary and to flexibly employ theories in different contexts
Special assessment rules
Module assessment reports to students are written by the module leader for all assessments (open and closed) and placed on the VLE after the Board of Examiners has received the module marks.
The timescale for the return of feedback will accord with TYMS policy.
Grant, R. M. Contemporary Strategy Analysis, Blackwell Publishing
Bessant J. and Tidd J. (2013) Managing Innovation: Integrating Technological, Market and Organizational Change, 2nd Edition, Chichester: Wiley Publishing (previous editions coedited with Pavitt K. are also acceptable provided the content is compatible)