MPM712 - Managing Innovation
Unit details
| Year: | 2024 unit information |
|---|---|
| Enrolment modes: | Trimester 2: Burwood (Melbourne), Online |
| Credit point(s): | 1 |
| EFTSL value: | 0.125 |
| Unit Chair: | Trimester 2: Achinto Roy |
| Prerequisite: | Nil |
| Corequisite: | Nil |
| Incompatible with: | MPT712 |
| Typical study commitment: | Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment activities for this unit. This will include educator guided online learning activities within the unit site. |
| Educator-facilitated (scheduled) learning activities - on-campus unit enrolment: | 1 x 2 hour seminar plus podcast (available online) per week |
| Educator-facilitated (scheduled) learning activities - online unit enrolment: | Online independent and collaborative learning activities including weekly podcasts and a minimum of 3 x 2 hour scheduled online seminars per trimester |
Content
This unit focuses on the processes by which innovative ideas are turned into commercial advantage. Innovation can be found in large and small organisations and can occur in products/services, processes and systems, business models, or in business operations. The process by which ideas are generated, tested, prioritised and finally made into reality requires a number of management skills. This unit focuses on the innovation process itself, management strategies that foster innovation, and how innovation models and theory can be applied to each of these areas, resulting in sustainable competitive advantage. In addition, we unpack the different roles and skills involved in the process of innovation and understand how management brings these skills together in order to achieve innovative outcomes. Topics to be addressed in this unit include: sources of innovation, structuring a company (large or small) for innovation, developing an innovation strategy, implementing and measuring innovation as well as sustaining a culture of innovation.
| ULO | These are the Learning Outcomes (ULO) for this unit. At the completion of this unit, successful students can: | Deakin Graduate Learning Outcomes |
|---|---|---|
| ULO1 | Appraise and integrate the components of innovation management to show how they interact to achieve innovative outcomes. | GLO1: Discipline-specific knowledge and capabilities GLO2: Communication |
| ULO2 | Evaluate the key drivers of innovation and debate the future challenges to innovation within organisations. | GLO5: Problem solving |
| ULO3 | Argue how innovation management may be applied to achieve sustainable innovative outcomes in a global context. | GLO8: Global citizenship |
| ULO4 | Summarise the skills required to manage innovation and critique own strengths and areas for development. | GLO2: Communication GLO6: Self-management |
Assessment
| Assessment Description | Student output | Grading and weighting (% total mark for unit) | Indicative due week |
|---|---|---|---|
| Assessment 1: (Individual) Video Recording | 5 minutes | 15% | Week 4 |
| Assessment 2: (Group of 4) Report (Business) | 3500 words | 40% | Week 5 |
| Assessment 3: (Individual) Online Portfolio (ten entries) | 1000 words in total | 10% | Week 11 |
| Assessment 4: (Individual) Report (Research) | 3000 words | 35% | Week 11 |
The assessment due weeks provided may change. The Unit Chair will clarify the exact assessment requirements, including the due date, at the start of the teaching period.
Learning Resource
The texts and reading list for the unit can be found on the University Library via the link below: MPM712 Note: Select the relevant trimester reading list. Please note that a future teaching period's reading list may not be available until a month prior to the start of that teaching period so you may wish to use the relevant trimester's prior year reading list as a guide only.
Unit Fee Information
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