Project Seminar "Innovation projects: from an idea to a business"
- The course spans 2 academic modules. Students are assessed with a project work. The teaching is based on experiences of faculty members. In addition selected reputed experts are invited bringing together views from different perspectives of innovation projects to provide indepth learning opportunities for all students. Instructors’ presentations are designed to deliver international expertize and experiences of successful innovations.
- The course is accompanied by seminars where students present innovation projects development in several thematic streams. Seminars introduce new approaches to understand and further elaborate different facets of innovation thinking and to provide participants with practical training as well as ready to use state of the art knowledge.
- Broad knowledge of project management. Understanding differences between two innovation approaches: intrapreneurship vs entrepreneurship.
- Understand the concept of teams and teamwork: performance, lifecycle of team, goal settings, communications, culture, decision-making techniques and etc.
- Understand key formats of business ideas. Knowledge of value engineering and product definition. Knowledge of business cased and project concept.
- Understand how to identify and analyse industry trends. Knowledge of competitive and environment analysis
- Understand what is risks, its sources and types innovative projects. Know how to make risk assessment and mapping
- Knowledge of potential market assessment' approaches. Know how to forecast future markets.
- Understand the types of revenue models. Know how to make assessment of revenue model. Knowledge of cost structure analysis. Understanding of the impact of innovation on the cost structure.
- Know how to make scenario analysis. Know how to make decision trees and real options
- Knowledge of business plan structure. Knowledge of key elements of how to create successful business plan
- Understanding of strategic narrative structure. Elements of convincing presentation for investors
- Topic 1. Course IntroductionQuick overview of digital strategy development
- Topic 2. Industry digital trends analysisIndustry trends identification and analysis (STEEPV, PESTEL and etc.). Specifics of digital trends. Regulatory environment and new regulation initiatives)
- Topic 3. Current position and Competitive analysisDescription of current position and history of digital transformation of the company. Competitive and Environment analysis (SWOT, Porter 5 forces, Blue Ocean and etc.,)
- Topic 4.Market assessment and forecastingApproaches to potential market assessment (Abel model, Total addressable market etc). Forecasting the future markets
- Topic 5. Strategic Risk analysis and Scenario developmentIdentification of risks. Sources and types of risks for digital transformstion. Risk assessment. Risk mapping. Scenario analysis.
- Topic 7. Activities, budget and schedulingDigital strategy activities development. Resource scheduling (allocation; aggregation; scheduling). Time scheduling (project stages)
- Topic 6. Strtegic financial modelRevenue models. Assessment of revenue model. Cost structure analysis. Impact of digitalization on the revenue and the cost structure
- Topic 9. Scenario planningScenario analysis. Decision trees and real options
- Topic 10. Business plan developmentBusiness plan structure. Creating successful business plan
- Topic 11. Creating strategic narrative and preparing presentation for board of directorsStrategic narrative structure. Convincing presentation for board of directors
- Topic 12. Final colloquiumFinal remarks and assessments
- Final presentation
- Interim oral presentations and presentation at the final colloquium
- Written business plan
- Interim assessment (2 module)0.3 * Final presentation + 0.4 * Interim oral presentations and presentation at the final colloquium + 0.3 * Written business plan
- Barringer, B. R. (2015). Barringer: Preparing Effective Business Plans: An Entrepreneurial Approach, Global Edition (Vol. Second edition, global edition). Boston: Pearson. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1418739
- Christensen, J. F. (2002). Corporate strategy and the management of innovation and technology. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.F8B082CD
- Christian Berggren, Anna Bergek, Lars Bengtsson, Michael Hobday, and Jonas Söderlund (2011), Knowledge Integration and Innovation: Critical Challenges Facing International Technology-Based Firms
- Schweitzer, F., & Gassmann, O. (2014). Management of the Fuzzy Front End of Innovation. Cham: Springer. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=649083
- Sheen, R. (2015). HBR Guide to Building Your Business Case (HBR Guide Series) (Vol. [Academic Subscription]). Boston, Massachusetts: Harvard Business Review Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1798509
- Sinek, S. (2014). Leaders Eat Last : Why Some Teams Pull Together and Others Don’t. New York, New York: Portfolio. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1130099
- David J. Teece. (2008). Firm organization, industrial structure, and technological innovation. World Scientific Book Chapters, 265. https://doi.org/10.1142/9789812833181_0011