MGMT3007 Management of Innovation Semester 1, 2022 (MGMT3007)
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MGMT3007 Management of Innovation Summary Semester 1, 2022.
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Course
MGMT3007 Management of Innovation Semester 1, 2022 (MGMT3007)
Institution
Curtin University (
)
MGMT3007 Management of Innovation Summary Semester 1, 2022. Introduction
Welcome to Management of Innovation!
Innovation (of a commercial nature) involves the use of both internal and external resources and relationships in
a dynamic process involving multiple activities, cross-functional, inter...
mgmt3007 management of innovation summary semester 1
2022
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Curtin University (
)
MGMT3007 Management of Innovation Semester 1, 2022 (MGMT3007)
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Faculty of Business and Law
School of Management and Marketing
Unit Outline
MGMT3007 Management of Innovation
Semester 1, 2022
Unit study package code: MGMT3007
Mode of study: Internal
Tuition pattern summary: Note: For any specific variations to this tuition pattern and for precise
information refer to the Learning Activities section.
Lecture: 1 x 1 Hours Weekly
Seminar: 1 x 2 Hours Weekly
This unit does not have a fieldwork component.
Credit Value: 25.0
Pre-requisite units: Nil
Co-requisite units: Nil
Anti-requisite units: Nil
Result type: Grade/Mark
Approved incidental fees: Information about approved incidental fees can be obtained from our website.
Visit fees.curtin.edu.au/incidental_fees.cfm for details.
Unit coordinator:
MGMT3007 Management of Innovation Page: 1 of 16
Curtin Mauritius CRICOS Provider Code 00301J
19 Feb 2022 The only authoritative version of this Unit Outline is to be found online in OASIS
School of Management and Marketing, Faculty of Business and Law
,Faculty of Business and Law
School of Management and
Marketing
Acknowledgement of Country
We respectfully acknowledge the Indigenous Elders, custodians, their descendants and kin of this land past and
present. The Centre for Aboriginal Studies aspires to contribute to positive social change for Indigenous
Australians through higher education and research.
Coronavirus (COVID-19) Update
Curtin University is committed to supporting all our students and staff whether they are on campus, working
remotely or overseas. Your health, safety and wellbeing are our priority and the continuing COVID-19 pandemic
may require changes to the unit schedule, learning activities, delivery modes and assessment to provide flexible
and safe options to our community. Curtin will endeavour to keep changes and disruptions to a minimum at all
times. For current advice and further information visit https://www.curtin.edu.au/novel-coronavirus/.
Syllabus
This unit focuses on the management of innovation. The fundamental ideas underlying this unit are that (1)
innovation is the driving force in establishing a firm’s competitive advantage, (2) innovation is managed by leaders
and teams with multiple competencies, and (3) a firm’s innovation strategy emerges from its competencies and
capabilities. These fundamentals are then applied to new venture creation through first hand interaction with
innovative entrepreneurs developing new innovations and technologies from the business community as well as
university developed inventions with intent to commercialise their Intellectual Property. This allows the real world
of the innovative entrepreneur to reinforce and sometimes challenge accepted theories of innovation and
entrepreneurship.
Introduction
Welcome to Management of Innovation!
Innovation (of a commercial nature) involves the use of both internal and external resources and relationships in
a dynamic process involving multiple activities, cross-functional, interdisciplinary teams and relationships. We
think it is therefore critical that any commercial innovation management (aka commercialisation) course adopts a
holistic approach, encompassing a range of issues including intellectual property creation, protection and
dissemination, managing organisational knowledge and interfirm collaborations/networks, just to name a few. We
aim to achieve your broad understanding of innovation management strategy and in the process gain an
appreciation of the central role that entrepreneurial management (entrepreneurs and intrapreneurs)
play in transferring intellectual property from discovery to commercial success. We are privileged at Curtin to be
able to do this by examining some of the commercial successes (and failures) that have been developed by our
own scientists that have reached global markets and even become heralded stock exchange listed entities. We
do use a very relevant commercialisation textbook that focusses on a so-called Cyclic Innovation Model (CIM) in
the first half of the semester. We use this CIM framework to breakdown and understand key concepts and some
core theory, then test you on this foundational material in mid-term. You will then apply emerging research to
showcase some real commercialisation cases which we are lucky to have access to at Curtin via the support of
own IP Commercialisation Office, to demonstrate your own creativity as an individual and as a team.
Unit Learning Outcomes
All graduates of Curtin University achieve a set of six Graduate Capabilities during their course of study. These
inform an employer that, through your studies, you have acquired discipline knowledge and a range of other skills
and capabilities which employers would value in a professional setting. Each unit in your course addresses the
Graduate Capabilities through a clearly identified set of learning outcomes. They form a vital part in the process
referred to as assurance of learning. The learning outcomes notify you of what you are expected to know,
understand or be able to do in order to be successful in this unit. Each assessment for this unit is carefully
designed to test your knowledge of one or more of the unit learning outcomes. On successfully completing all of
the assessments you will have achieved all of these learning outcomes.
Your course has been designed so that on graduating you will have achieved all of Curtin's Graduate Capabilities
through the assurance of learning processes in each unit.
MGMT3007 Management of Innovation Page: 2 of 16
Curtin Mauritius CRICOS Provider Code 00301J
19 Feb 2022 The only authoritative version of this Unit Outline is to be found online in OASIS
School of Management and Marketing, Faculty of Business and Law
, Faculty of Business and Law
School of Management and
Marketing
Graduate Capabilities
On successful completion of this unit students can:
addressed
1 Discuss the range, scope and complexity of the phenomena, issues and problems
related to managing creativity and innovation
2 Critically analyse and differentiate the distinctive competencies used to develop a
competitive advantage
3 Explain and discuss processes of managing innovation
4 Solve strategic management problems related to innovation
5 Create an imaginative presentation to argue the importance of individual and
group creativity to innovation
Curtin's Graduate Capabilities
Apply discipline
Innovative, creative and Effective communicators
knowledge, principles
entrepreneurial with digital competency
and concepts
Culturally competent to engage
Globally engaged and Industry connected and
respectfully with local First Peoples
responsive career capable
and other diverse cultures
Find out more about Curtin's Graduate Capabilities at the Curtin Learning and Teaching website: clt.curtin.edu.au
Learning Activities
A standout aspect of this unit is the focus on real-life spin-out companies undergoing commercialisation at Curtin,
with the financial support and technical assistance of Curtin University, via our IP Commercialisation Office. Given
the dynamic nature of these real-life cases, each semester we do learn more about the start-ups we are following
and about the technology transfer ecosystem at Curtin. Your work will be informed in part by existing innovation
literature, past company interactions and also by recent happenings in each of the cases. None of us (your
instructors included) can predict where these cases will lead our investigation this semester. Therefore, your team-
based learning activity is set to encourage your creative juices to flow. This results in something of a cross
between, journalism, research and activity-based learning. In MOI, different is the new normal…but it is not
creativity for its own sake. Just like commercial innovation, it is purposeful effective creativity that leads to a
positive outcome for you in the form of a higher grade. Yes, we have a good textbook, and yes there is an
individual mid semester test and an individual assignment (to ensure the fundamentals are embedded).
However, it is in the application of this knowledge that will showcase your capacity to creatively apply theory to
practice.
Learning Resources
Library Reading List
The Reading List for this unit can be accessed through Blackboard.
Essential texts
The required textbook(s) for this unit are:
l Trott, P. 2017, Innovation management and new product development, 6th edn., Pearson Education Limited, Essex,
England.
There is an eBook of the 6th edition available using the vitalsource app
@ www.pearson.com.au/9781292170695
(ISBN/ISSN: 9780273736561)
MGMT3007 Management of Innovation Page: 3 of 16
Curtin Mauritius CRICOS Provider Code 00301J
19 Feb 2022 The only authoritative version of this Unit Outline is to be found online in OASIS
School of Management and Marketing, Faculty of Business and Law
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