Innovation Management

Innovation Management

The Benefits

The purpose of this course is to recognize the meaning and importance of innovation – not only for the success of a business but for our economies and future generations. In our opening section we consider the typologies of innovation including new forms such as “frugal innovation”. Given that innovation is the culmination of a process (from idea to commercialization), our second section explores the innovation frameworks of some leading authorities on the subject.

Innovation management is not without its challenges and risks – with it comes uncertainty, costs, and the management of processes both across the organization and in the external environment (e.g. intellectual property rights). Our third section highlights these challenges providing perspectives that pay attention to the systemic forces of strategy, structure, culture, and systems. The three remaining sections point to the management of individual and organizational knowledge, innovation in research and development, and approaches to innovation in products (goods and services).

A number of topics will be covered to assist you in successfully achieving the learning outcomes of this module. It is important to study each of these sections to ensure that you expand your knowledge in the subject and are able to complete the required assessments. The sections that will be dealt with include:

Section 1 The Meaning and Importance of Innovation
Section 2 Innovation as a Management Process
Section 3 Managing Innovation in the Organization
Section 4 Innovation and Operations Management
Section 5 Using the Organization’s Knowledge Base to Link Strategy and Innovation
Section 6 Innovation in Research and Development
Section 7 Innovation in Product and Service Development

Duration:

  • Two days contact time including facilitation and group activities
  • 30 days self-study after which participants are to submit their Portfolio of Evidence

Learning outcomes:

Upon completing this module, participants should be able to:

  • Reflect critically on the meaning and importance of innovation for the future sustainability of organizations, industry sectors, and economies;
  • Explain the critical factors for innovation success and how to diagnose these in an organization;
  • Understand and use innovation management terminology, theories, and models;
  • Identify and critically evaluate leading approaches to innovation, including frameworks and processes;
  • Argue the imperative to treat innovation as a management process in an organization;
  • Manage uncertainty in the innovation process;
  • Critically evaluate different methods for generating ideas;
  • Identify the decisions and challenges associated with the conceptualization of ideas, product development, and taking products to market;
  • Critically evaluate core competencies and knowledge-based characteristics required to support innovation;
  • Understand the main types of intellectual property;
  • Exploit strategic alliances and networks to create innovative ways of doing business;
  • Discuss the role of innovation in relation to research and development; and
  • Critically evaluate innovative approaches used in product and service development.

Training:

Our study guides include:

  • Complete guide to study materials
  • Self-contained guide with all module requirements
  • Examples and case studies
  • Clear learning outcomes
  • Activities that can be completed individually or as part of a team

Different modules have different assessments ranging from individual presentations, group presentations and written assignments In addition, our program features:

  • Tutor-marked assignments
  • End-of-module assessments
  • A written examination
  • Textbooks are provided in most modules

Certification:

  • An IIT Certificate of Competence will be awarded to all delegates who successfully submit and are found competent on their Portfolios of Evidence (PoEs).
  • An IIT Certificate of Attendance will be awarded to all delegates who do not submit a PoE within the specified timeframe after attending the three days of training.

Prerequisites:

This course assumes that the student has a fundamental understanding of business as well as possesses the necessary English literacy to understand the contents of this course. This course is aimed at all levels of the workforce and aims to improve time management and organizational skills.