This module examines the strategic importance of innovation for sustaining growth in organisations. It uses a combination of theory concepts, application processes and case analysis to develop decision making processes and apply them to business situations. Specifically the module aims to address the contribution that technology makes to innovation, the sourcing of innovation opportunities at both macro and micro levels, new product /service design, development and commercialisation process, the importance of a multi-disciplinary approach to new product development and how innovation is managed within organisations on an ongoing basis.
Learning outcomes:
(1) Demonstrate an understanding of the strategic importance of innovation to organisations and economic systems.
(2) Critically evaluate and defend the ongoing theoretical ideas relating to innovation and demonstrate their relevance in practice.
(3) Analyse the stages involved in the development and commerciaisation of new product and service development.
(4) Evaluate the systems available to support and nurture corporate innovation and direct action to use these supports.
Technological University Dublin (TU Dublin) is Ireland’s first technological university, combining academic excellence with practical, career-focused learning. With campuses across Dublin, TU Dublin offers a dynamic environment for innovation, entrepreneurship, and research. As a member of EUT+, it plays a key role in shaping a connected, forward-thinking European higher education landscape.