This course introduces participants to the elements and attributes of the innovation process as well as the key factors that allow organizations and their workforce to harness this process. It will show participants how this process can turn ideas into successful products, processes or services and add economic value to the organizations and society.

The course is designed to enable the participants to understand the tools, methods and techniques used in innovation management, and consists of lectures and presentations, review and discussions of articles, case studies, and student observations, practical assignments and reflections on the experiences. The participants are also provided with tools and ideas to improve their own personal potential as creative and innovative individuals and leaders.

Learning outcomes:

Upon successful completion of this course, students should be able to:

1. Understand what Innovation Management is and how it relates to the overall business strategy.
2. Understand the nature and context of creativity and innovation and factors that enable or inhibit of bringing out innovation and creativity of people.
3. Improve personal creative and problem-solving skills.
4. Understand main strategic approaches to innovation.
5. Understand effective implementation mechanisms for innovations in business.
6. Have a general overview of innovation in product development, operations and project management.
7. Gain familiarity with the role of organizational structures, corporate culture and human resource management in managing innovations.
8. Learn the fundamentals of intellectual property and its management and the concepts of Open Innovation.
9. Apply analytical tools in assessing innovation projects and processes.