Innovation Management

Erasmus University Rotterdam

About this Course

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What is innovation management? How do firms bring in new business models and get new products and services to the market? Go on a nine-week journey through innovation management concepts, theories of idea generation, selection, strategy formulation and implementation in this MOOC in Innovation Management. In it, you will also learn the tools for implementing innovation projects yourself. 
Guided by world-class academics, you will develop an innovative mindset and expertise in how firms successfully create new ideas for marketing new products. The syllabus also includes sessions about innovation strategy, idea management and social networks.

During this course, you will learn how to:
•	use the main innovation management terminology and concepts
•	explain the adoption life cycle and innovation adoption at the individual level
•	define creativity and explain how creativity can be stimulated
•	recognise and describe three types of idea management systems
•	explain what an innovation strategy is and why it is important
•	describe what a product portfolio is 
•	explain how innovation projects should be selected and managed
•	explain the importance of teams, team structures and networks for innovation.

Rotterdam School of Management, Erasmus University (RSM) is one of Europe’s leading business schools, and ranked among the top three for research. RSM’s primary focus is on developing business leaders with international careers who carry their innovative mindset into a sustainable future. Go to www.rsm.nl for more information.

This nine-week MOOC in Innovation Management is taught in English. There is no fee to participate in the programme.

Learner Career Outcomes

47%

started a new career after completing these courses

35%

got a tangible career benefit from this course

13%

got a pay increase or promotion

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Beginner Level

Approx. 10 hours to complete

English

Subtitles: English, Vietnamese

Skills you will gain

Social NetworkManagementInnovationInnovation Management

Learner Career Outcomes

47%

started a new career after completing these courses

35%

got a tangible career benefit from this course

13%

got a pay increase or promotion

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Beginner Level

Approx. 10 hours to complete

English

Subtitles: English, Vietnamese

Instructors

Instructor rating

4.57/5 (161 Ratings)

Offered by

Erasmus University Rotterdam

Erasmus University: a top-100 ranked international research university based in Rotterdam, the Netherlands. Our academic teaching and research focuses on four areas: health, wealth, culture and governance.

Syllabus - What you will learn from this course

Content Rating92%(5,361 ratings)

Week

Week 1

1 hour to complete

Introduction

After this week’s studies and the associated exercise, you will understand the meaning of innovation and innovation management. Also, you will learn to identify and differentiate between various types of innovation. As a result, you will become acquainted with basic terminology that will help you to better process and understand the course content of the following weeks.

1 hour to complete

5 videos (Total 24 min)

5 videos

About this course4m

1.1 What is innovation management?5m

1.2 Product, service and process innovations6m

1.3 Incremental and radical innovations2m

1.4 Architectural and modular innovations5m

Week

Week 2

1 hour to complete

The Adoption of Innovations

You will learn to understand how innovations diffuse in society. You will be able to describe the adoption life cycle and discriminate between the various adopter groups. You will also learn what it takes for someone to adopt something new. Altogether, you will gain a better understanding of what determines whether and how fast people adopt innovations.

1 hour to complete

2 videos (Total 26 min)

2 videos

2.1 The adoption lifecycle13m

2.2 Innovation adoption at the individual level12m

1 practice exercise

Quiz week 230m

Week

Week 3

2 hours to complete

The Fuzzy Front-End - Creativity

In a knowledge-based and innovation-driven business environment, creativity is an essential capability if an organisation is to gain a sustainable competitive advantage. All innovations begin with creative ideas, and creativity is also needed during the entire innovation process. So, it is imminent that employees in any job and at any level of the organisation can contribute to innovation with creative ideas. This module comprises of four instruction videos, one interview with a creativity consultant, and two assignments. After this module you will understand what creativity is and how you, other people and groups become more creative: crucial knowledge for any manager that wants to excel in innovation!

2 hours to complete

5 videos (Total 48 min)

5 videos

3.1 Introduction to creativity8m

3.2 What makes people creative?8m

3.3 How can we enhance creativity?12m

3.4 How can groups be creative?9m

3.5 Interview on creativity consulting8m

Week

Week 4

1 hour to complete

The Fuzzy Front-End - Idea Management

Organisations receive many new ideas from employees, suppliers, and customers. But they often do not realise the innovative potential of these ideas because they fail to properly manage them. By studying this module and doing the associated exercises, you will understand the basic principles of idea management. You will be able to differentiate between three types of idea management programmes, and learn about their different characteristics, advantages and disadvantages. In addition, you will learn about two general challenges that many idea management programmes face: how to motivate people to continuously submit ideas and how to improve the quality of ideas. A better understanding of the principles, differences, and challenges of idea management will help you design appropriate idea management programmes that turn new ideas into successful innovations.

1 hour to complete

3 videos (Total 32 min)

3 videos

4.1 Idea management principles9m

4.2 Idea management types13m

4.3 Idea management challenges9m

1 practice exercise

Quiz week 430m

Week

Week 5

2 hours to complete

Strategy - Innovation Strategy

Innovating is no longer a choice, but a business imperative. This imperative demands a clear strategic direction for the innovation activities. This week will introduce the central challenges and available solutions to develop and execute an innovation strategy. In addition, you will study the typologies and evolution of change in the business environment, and discuss tools that can help you make sense of your business environments. An important element in this module is that the change does not always occur independent of the firms, but firms are both subjects and agents of change. In particular, you will discuss how firms can shape their environment through disruptive innovations.

2 hours to complete

5 videos (Total 32 min)

5 videos

5.1 Innovation strategy in an ever-changing world5m

Interview with Frans van Houten6m

5.2 Innovation strategy in an ever-changing world - part 15m

5.3 Innovation strategy in an ever-changing world - part 27m

5.4 Disruptive innovation7m

Week

Week 6

1 hour to complete

Strategy - Portfolio Management

This week’s module is about portfolio management, which covers how to implement your innovation strategy. We introduce the concept of the funnel. We show two alternative funnels, reactive and proactive, and we explain the differences. You will explore three practical examples of the proactive process: Ericsson, Lego and Philips. Next, we will elaborate on an important consideration in portfolio management, which is protecting intellectual property. Finally, you will learn two specific tools that you can use in portfolio management. The first is a financial tool, the real options method, and the second one is the planning tool called ‘roadmapping’.

1 hour to complete

4 videos (Total 36 min)

4 videos

6.1 Portfolio management9m

Interview with Hans Boeve6m

6.2 Protecting intellectual property9m

6.3 Tools for portfolio management11m

Week

Week 7

1 hour to complete

Execution - Implementing Innovation

By studying the materials of this week and doing the associated exercise you will learn how innovation projects can be managed. You will understand and describe the different elements of stage-gate models. Also, you will familiarise yourself with the concepts of experimentation and enlightened experimentation within the context of innovation project management. As a result, you will be equipped with an understanding of the peculiarities of innovation projects, and how companies deal with these peculiarities.

1 hour to complete

4 videos (Total 44 min)

4 videos

7.1 Why stage gate models are important10m

7.2 Stage gate models in detail and practice13m

Casestudy: Casserole Homecooker5m

7.3 Managing innovation projects: enlightened experimentation14m

1 practice exercise

Quiz week 730m

Week

Week 8

2 hours to complete

Execution - Teams and Networks

How do teams and social networks affect the development and the sharing of knowledge and innovation? The module will consist of four videos that will help you develop conceptual and practical knowledge on these topics. After a brief introduction of what teams and social networks are – and of what they are not – you will learn how these every-day concepts relate to innovation in organisations. You will explore key concepts about teams and networks, and become more aware of how you can generate and transmit innovation in your work activity.

2 hours to complete

4 videos (Total 28 min), 1 reading, 1 quiz

4 videos

8.1 What is a team?7m

8.2 The key elements of team success6m

8.3 What is the process by which teams contribute to innovation?7m

8.4 What are the effects of social network structure on innovation?6m

1 reading

Optional readings10m

Week

Week 9

1 hour to complete

Final exam

1 hour to complete

1 practice exercise

Final exam30m

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Innovation Management