Topics Covered

• Identify obstacles, sources and pitfalls that affect successful management of innovation.
• Differentiate between innovation in core business and transformative business opportunities.
• Discuss why management of innovation is important.
• Identify key enablers for managing innovation in core business.
• Evaluate actions required in own organisation(s) for improving management of innovation in core business.
• Describe the disruptive nature of innovation.
• Identify managerial approaches to respond to disruptive change.
• Define the concept of open innovation and the openness continuum.
• Identify the different approaches through which open and collaborative innovation occurs.
• Evaluate actions required in own organisation(s) for gaining value from open and collaborative innovation.
• Reflect on the core elements of design thinking (DT).
• Explore how design thinking can be used to foster innovation, with exposure to some tools and methods of design thinking.
• Explain sources of corporate knowledge and protectable intellectual property rights.
• Identify risks associated with knowledge leakage and IP infringement.
• Explore proactive and reactive strategies for the protection and enforcement of intellectual property rights.
• Analyse innovation capabilities at own organisation.