Credits: 6

Schedule: 01.11.2019 - 05.12.2019

Teacher in charge (valid 01.08.2018-31.07.2020): 

Erkki Ormala
Taina Tukiainen

Teaching Period (valid 01.08.2018-31.07.2020): 

Period II (2018-2019), Töölö campus
Period II (2019-2020), Otaniemi campus

Learning Outcomes (valid 01.08.2018-31.07.2020): 

A general understanding of innovation, innovation processes and innovation management, in different contexts, and their role in society and in business strategy.

Understand how innovation can (and cannot) be fostered, managed or steered, and which policies, processes and tools are needed, offering case-based insights in what works and what does not.

Understand how innovation is related to other functional business areas such as finance, marketing, buying, customer relations and to the over-all business design.

Understand specific issues and topics in fostering and managing innovation, e.g. technology platforms and innovation strategies, innovation in inter-organizational networks, service innovation, user driven innovation, collaboration in innovation, open innovation arrangements such as IP management, business model innovation, etc.

Content (valid 01.08.2018-31.07.2020): 

Core content of the course is to give a comprehensive theoretical and practical understanding on why innovation is critical for the economy and business and what are the challenges and methods to succeed. This is given by theoretical lectures by the teacher and practical presentations given by business leaders who have the responsibility to manage the innovation processes in corporations.

Assessment Methods and Criteria (valid 01.08.2018-31.07.2020): 

20% of evaluation: Participating in and preparing for course sessions

80% of evaluation: Essay work

Course requires active participation in all sessions. Max. 1 absence is allowed for a good reason, it must be approved by the teacher.

Workload (valid 01.08.2018-31.07.2020): 

18h Participation in the course sessions;
60h reading the background material
82h writing a 8 page essay on selected and approved topic (about 3000 words) (2018-2019 and 2019-2020)

Study Material (valid 01.08.2018-31.07.2020): 

Preferred reading:

  • C.M. Christensen and M.E. Raynor: The Innovator’s Solution, Harvard Business School Press, 2003
  • J. Fagerberg, D.C. Mowery and R.R Nelson: The Oxford Handbook of Innovation, Oxford University Press, 2005
  • Industrial Innovation in transition Horizon 2020 project


Background reading:

  • A. Osterwalder and Y. Pigneur: Business Model Generation, John Wiley & Sons, 2010 (ISBN-10: 0470876417)
  • H. Chesbrough: Open Business Models, Harvard Business School Press, 2006
  • H.R. Varian, C. Shapiro: Information Rules. A Guide to the Network Economy. Harvard Busienss SChoool Press, 1999.

  • C. M. Christensen: The Innovator’s Dilemma: When New Technologies Cause Great Firms to Fail. Harvard Business School Press 1997.

  • A. Gawer and M. Cusumano, Platform Leadership: How Intel, Microsoft and Cisco Drive Industry Innovation. Harvard Busienss School Press, 2002.
  • A. Afuah: Innovation Management Strategies, Oxford University Press, 2003
  • B. von Stamm: Managing Innovation, Design and Creativity, John Wiley & Sons, 2008
  • G.A. Moore: Crossing the Chasm, Harper Collins Publishers, 2002
  • G. Hamel & C.K: Prahalad: Competing for the Future, Harvard Business School Press, 1994
  • OECD: Science, Technology and Industry Scoreboard 2017


Course Homepage (valid 01.08.2018-31.07.2020):

Prerequisites (valid 01.08.2018-31.07.2020): 

Students must have an interest to learn these things

Grading Scale (valid 01.08.2018-31.07.2020): 


Registration for Courses (valid 01.08.2018-31.07.2020): 

via Weboodi

Further Information (valid 01.08.2018-31.07.2020): 

   All Aalto students are welcome but BIZ including CEMS students have priority if participation must be restricted.


Registration and further information