MF2046 Product Innovation 6.0 credits

Produktinnovation

The overall objectives of the course are to give the course participants a broad overview of the field of innovation, engineering and management and to create a thorough understanding of the managerial challenges involved in innovative activities, through the presentation of theoretical models and frameworks as well as empirical illustrations.

Furthermore, the course aims at providing the students with a set of analytical tools and methods that facilitate the identification of opportunities for innovation as well as their realization into new products and businesses. Particular emphasis is put on the application of  presented models, frameworks, and methods through the use of case studies, discussions and a group assignment.

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Course information

Content and learning outcomes

Course contents *

The course consists of a series of lectures and exercises, and a project assignment performed in groups of five to six students. Lectures and exercises cover the following areas:

  • Introduction to innovation engineering and management
  • Industrial dynamics of technological innovation
  • Sources, types, and patterns of innovation
  • Company- and innovation strategy
  • Business model innovation
  • Disruptive innovation
  • Management and organizing of innovation
  • Collaborative and open innovation
  • Evaluation and selection of innovation projects
  • User- and customer focused innovation
  • Managing ideas, knowledge and learning for innovation
  • Innovation performance measurement and management.

Intended learning outcomes *

After passing the course, the student should be able to:

  • define different typologies of innovation and explain how they relate to business strategy, business models and industrial transformation.

  • describe current practices and trends concerning the management and organization of innovative activities.

  • explain how ideas, knowledge and learning can be managed in order to support innovation.

  • analyze strategic and organizational problems related to innovation work and apply suitable solutions.

  • use analytical tools, frameworks and methods to generate and manage innovation activities in organisations.

  • make assessments of the commercial potential of innovations.

  • write a brief business plan or gather information needed for assessing the potential of an innovation.

  • describe business and customer value of sustainability and how this can be used when developing innovations.

Course Disposition

Emphasis during lectures is put on models, frameworks and tools that are practically useful for engineers engaged in innovation work.

A project assignment aiming at identifying a business opportunity and developing it into a draft business plan is performed during the course. For this project, deliverables consist of a draft business plan, a set of presentation material, and an oral presentation.

Literature and preparations

Specific prerequisites *

Bachelor of Science degree in mechanical engineering or the equivalent.

Recommended prerequisites

No information inserted

Equipment

No information inserted

Literature

Schilling, M. A., (2010), Strategic Management of Technological Innovation (3rd ed.), McGraw-Hill, New York. (S)

Examination and completion

Grading scale *

A, B, C, D, E, FX, F

Examination *

  • PRO1 - Project, 2.0 credits, Grading scale: A, B, C, D, E, FX, F
  • TEN1 - Written Exam, 3.0 credits, Grading scale: A, B, C, D, E, FX, F
  • ÖVN1 - Assignments, 1.0 credits, Grading scale: P, F

Based on recommendation from KTH’s coordinator for disabilities, the examiner will decide how to adapt an examination for students with documented disability.

The examiner may apply another examination format when re-examining individual students.

Opportunity to complete the requirements via supplementary examination

No information inserted

Opportunity to raise an approved grade via renewed examination

No information inserted

Examiner

Mats Magnusson

Further information

Course web

Further information about the course can be found on the Course web at the link below. Information on the Course web will later be moved to this site.

Course web MF2046

Offered by

ITM/Machine Design

Main field of study *

Mechanical Engineering

Education cycle *

Second cycle

Add-on studies

No information inserted

Contact

Jennie Björk (jenniebj@kth.se)

Ethical approach *

  • All members of a group are responsible for the group's work.
  • In any assessment, every student shall honestly disclose any help received and sources used.
  • In an oral assessment, every student shall be able to present and answer questions about the entire assignment and solution.