Innovation and RenewalLaajuus (5 ECTS)

Objective

The student understands the role of both product, service and organizational innovation and renewal in the race for competitive advantage; is familiar with the innovation and change processes in business organizations; has the knowledge and the skills to manage innovation and renewal on strategic and operational level both within a product and a service environment; understands and can apply in management the interdisciplinary and multifunctional nature of innovation; can apply the innovational approach in the working life.

Content

Product and Service Innovation and Competitive Advantage; Strategic approach to innovation; Economics of innovation and renewal; Building innovation mechanisms and organizations; Planning and implementing innovations and renewal.

Assessment criteria, satisfactory (1)

Sufficient performance: has completed basic requirements to pass the course and has made an attempt to apply and articulate concepts and information both verbally and in writing but has not made enough effort overall. The student has demonstrated little effort, interest and motivation for individual or team activities / assignments and the output is rather weak.

Assessment criteria, good (3)

Good overall performance: can apply and articulate concepts and information well both verbally and in writing, certain areas of individual or team output require further attention; shows appropriate level of interest and motivation in individual and team activities. Good presentation delivery and analysis.

Assessment criteria, excellent (5)

Excellent performance in all elements of the course: shows interest and motivation in individual and team activities and assignments, fully applies and clearly articulates concepts and information both verbally and in writing. The student is able to support his/her argument with references to the recommended reading and lecture content. Excellent presentation delivery and analysis.

Assessment criteria, approved/failed

Sufficient performance: has completed basic requirements to pass the course and has made an attempt to apply and articulate concepts and information both verbally and in writing but has not made enough effort overall. The student has demonstrated little effort, interest and motivation for individual or team activities / assignments and the output is rather weak.

Further information

The language of tuition is English.

The course is assessed on the 0 (failed) – 5 (excellent) grading scale.