NBS8320 : Open Innovation and Clusters of Innovation
- Offered for Year: 2019/20
- Module Leader(s): Dr Hanna Bahemia
- Owning School: Newcastle University Business School
- Teaching Location: Newcastle City Campus
|Semester 2 Credit Value:||10|
This module is designed to help students understand the importance of innovation at the firm and project levels. We examine the shift from a closed to an open model of innovation. We focus on the benefits and limits of an open innovation strategy with the support of theoretical and empirical studies. A core objective of the module is to develop students’ understanding of the importance of inter-firm collaboration during the innovation process and to illustrate the extent to which successful firms are opening up their boundaries to different types of external partners such as suppliers, customers, members of the crowd, open innovation intermediaries, and universities during the innovation process. The module then explores the importance of clusters of innovation, competitive strategies, innovation and strategic collaborations as a means for promoting national, regional and enterprise competitiveness. Through a series of lectures and small group learning activities students will develop an understanding of the importance of open innovation, global competitive advantages and clusters of innovation.
Outline Of Syllabus
Introduction to innovation management
Creating and protecting the value derived from innovation
The evolution from a closed to an open model of innovation
The role of traditional and emerging external partners in the innovation process
Debate on open innovation
Implementing an open innovation strategy
Business Clusters, competitiveness and innovation
Clusters of innovation
|Scheduled Learning And Teaching Activities||Lecture||9||2:00||18:00||N/A|
|Guided Independent Study||Directed research and reading||25||1:00||25:00||N/A|
|Guided Independent Study||Independent study||57||1:00||57:00||N/A|
Teaching Rationale And Relationship
The module will be delivered through lectures to introduce the theoretical and empirical underpinnings of open innovation and cluster of innovation. There will be group discussion of case studies and academic papers as well as group presentation.
The format of resits will be determined by the Board of Examiners
|Oral Presentation||2||M||Multiple presentations|
Assessment Rationale And Relationship
Presentation by each group on a given paper (group and paper selected by the lecturer); feedback provided by the lecturer and peers after the group presentation
Later on in module each group is required to prepare a presentation about the strategy of several car manufacturing companies in relation to their innovation strategy for a radical innovation that is chosen by the lecturer.
The exam assesses the student’s ability to critically evaluate open innovation/business clusters with the support of theoretical and empirical studies as well as case studies.