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Course Syllabus

2019/2020

Innovation Economy

Type: Mago-Lego
Delivered by: Department of Finance
When: 3 module
Instructors: Vitalii Sergeevich Lipatnikov
Language: English
ECTS credits: 3
Contact hours: 32

Course Syllabus

Full Syllabus

Abstract

The discipline is focused on substance and main aspects of innovation development. Students will gain knowledge on the nature of innovations, different types of business models in innovation economy and co-existence of traditional and innovative companies. The course covers different aspects of functioning of innovation economy. The discipline aims to provide students with the understanding how to launch, maintain, and develop innovations and how to use benefits of innovations in order to increase business efficiency. The course is aimed mostly at macro and meso level of business activities, though other fields of this very important part of economic and social life are also considered.
Learning Objectives

Learning Objectives

  • Knowing key notions of Innovation Economy.
  • Understanding the principles of implementation of Innovation Economy business models.
  • Defining the influence of innovations on traditional economy.
  • Evaluating risks of implementation of innovations.
  • Understanding perspectives and problems of using innovations.
Expected Learning Outcomes

Expected Learning Outcomes

  • To set of theoretical knowledge necessary to understand the nature of innovations and to effectively manage innovative companies and innovative projects.
  • To develop skills of using the analytical apparatus necessary for the purposes of innovation management and preparing presentations about innovation projects.
  • To understand main features of innovation economy and to know ethical values that are central in innovation economy revolution.
  • To be able to find new opportunities on Innovation Economy
Course Contents

Course Contents

  • Innovation Economy: Introduction
    Shumpeterian Theory. Conceptual Framework of Innovation. Linear Models of Innovation. Development of Innovation Model.
  • Innovation Economy: Sources
    Macroeconomic Context of Innovation. Creativity. Translating Creativity into Innovation. Innovation in Collaborative Networks. Reasons for Entering a Strategic Alliance.
  • Types and Patterns of Innovation
    Technology Innovation. 4 Types of Innovation. 4P Approach . Disruptive Innovation. Strategy of Innovation. Management of Innovation. Organization of Innovation. Impact on Society.
  • Innovation Economy Market Players
    Main Types of Innovation Economy Market Players. Business Strategies of Different Types of Innovation Economy Market Players.
  • Innovative and Traditional Companies
    Innovations as a Risk Factor for Traditional Companies. Business Models of Traditional Companies in innovation economy. Possible Models of Coexistence of Innovative and Traditional Companies.
  • Prospects for Innovation Economy in Different Countries
    Local Models of Innovation Development. Local Models of Regulation of Innovation Activities. Innovations: Global and Local Dimensions.
Assessment Elements

Assessment Elements

  • non-blocking Homework
  • non-blocking Exam
    The exam is to be held in oral form on the Zoom online platform. It is necessary to login according to the schedule of answers sent by the lecturer to students' corporate mail on the eve of the exam. Student’s computer should meet the following requirements: the presence of a working camera and microphone, support for Zoom. To participate in the exam, student is obliged to: upload a profile photo, turn camera and microphone on, come to the exam according to the exact schedule, when you answer, turn on the camera and microphone. During the exam it is forbidden to: turn off the camera, use notes and tips. If connection failure is less than a minute, It will be regarded as a brief connection break. If connection failure will be minute and more, it will be regarded as a longer connection break and will entail the exam cessation. The retake procedure is identical to the exam procedure.
Interim Assessment

Interim Assessment

  • Interim assessment (3 module)
    0.5 * Exam + 0.5 * Homework
Bibliography

Bibliography

Recommended Core Bibliography

  • Piperopoulos Panos G. Entrepreneurship, Innovation, and Business Clusters [Book]. - Abingdon : Routledge, 2016.

Recommended Additional Bibliography

  • Abdul-Halim, H., Ahmad, N. H., Geare, A., & Thurasamy, R. (2019). Innovation Culture in SMEs: The Importance of Organizational Culture, Organizational Learning and Market Orientation. Entrepreneurship Research Journal, 9(3), N.PAG. https://doi.org/10.1515/erj-2017-0014
  • Engel Jerome S. Global Clusters of Innovation: Entrepreneurial Engines of Economic Growth around the World [Book]. - Cheltenham : Edward Elgar Publishing, 2014.
  • Karlsson Charlie, Andersson Martin and Bjerke Lina Geographies of Growth: Innovations, Networks and Collaborations [Book]. - Cheltenham : Edward Elgar Publishing, 2017.
  • Mercedes Bleda, & Julien Chicot. (2019). The role of public procurement in the formation of markets for innovation. Post-Print. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.p.hal.journl.hal.02057816
  • Mikhail Gershman, & Thomas Thurner. (2016). New development: State-owned enterprises as powerhouses for innovation—the Russian case. Public Money & Management, (4), 297. https://doi.org/10.1080/09540962.2016.1162996
  • Osterwalder, A., & Euchner, J. (2019). Business Model Innovation: An Interview with Alex Osterwalder. Research Technology Management, 62(4), 12. https://doi.org/10.1080/08956308.2019.1613114
  • Schoemaker, P. J. H., Heaton, S., & Teece, D. (2018). Innovation, Dynamic Capabilities, and Leadership. California Management Review, 61(1), 15–42. https://doi.org/10.1177/0008125618790246
  • Shalley, C. E., Hitt, M. A., & Zhou, J. (2015). The Oxford Handbook of Creativity, Innovation, and Entrepreneurship. Oxford: Oxford University Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=974520
  • Strategies for business model innovation: How firms reel in migrating value. (2018). Longe Range Planning, (1), 82. https://doi.org/10.1016/j.lrp.2017.06.009
  • The Oxford handbook of group creativity and innovation. (2019). Oxford University Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsnar&AN=edsnar.oai.pure.rug.nl.publications.c911f8c4.a6e2.428b.b7fa.81051607f066
  • Trott, P. (2017). Innovation Management and New Product Development (Vol. Sixth edition). Harlow, Enlgand: Pearson. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1419855
  • Wehn, U., & Montalvo, C. (2018). Knowledge transfer dynamics and innovation: Behaviour, interactions and aggregated outcomes. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.FD24817D