Please note! Course description is confirmed for two academic years, which means that in general, e.g. Learning outcomes, assessment methods and key content stays unchanged. However, via course syllabus, it is possible to specify or change the course execution in each realization of the course, such as how the contact sessions are organized, assessment methods weighted or materials used.

LEARNING OUTCOMES

After the course, participants should have

  • Strengthened their proficiency in established and contemporary concepts, theories, and tools in strategic management of technology and innovation and their ability to apply those in real life,
  • Improved their analytical and prescriptive strategy skills, and
  • Deepened their understanding of different empirical phenomena in strategic management of technology and Innovation.

Additionally, participants should have practiced

  • Analytical skills in defining and solving problems
  • Decision-making skills
  • Reflection skills
  • Consulting skills
  • Group management, coordination, and teamwork skills
  • Communication and presentation skills

This course will be particularly useful if you plan your careers as entrepreneurs of startup firms, senior managers of established firms, managers responsible for R&D, technology or innovation, or management consultants.

Credits: 5

Schedule: 13.01.2021 - 07.04.2021

Teacher in charge (valid 01.08.2020-31.07.2022): Euiju Jeon

Teacher in charge (applies in this implementation): Pardeep Maheshwaree

Contact information for the course (valid 22.12.2020-21.12.2112):

Course Assistant

Joosef Valli

email: joosef.valli@aalto.fi

Course Instructor

Pardeep Maheshwaree 

email: pardeep.maheshwaree@aalto.fi


CEFR level (applies in this implementation):

Language of instruction and studies (valid 01.08.2020-31.07.2022):

Teaching language: English

Languages of study attainment: English

CONTENT, ASSESSMENT AND WORKLOAD

Content
  • Valid 01.08.2020-31.07.2022:

    The course is about how established and startup firms increase their performance by creating and capturing value from new technologies and innovations. Accordingly, the following broad topics will be discussed: creating value from opportunities arising from industry and technology change; capturing value from innovation; managing stakeholders of innovation; leveraging external sources of innovation.

  • Applies in this implementation:

    After the course,
    participants should have

    • Strengthened their proficiency in established and
      contemporary concepts, theories, and tools in Strategic Management of Technology
      and Innovation and their ability to apply those in practice
    • Improved their analytical and prescriptive strategy
      skills
    • Deepened their understanding of different empirical
      phenomena in Strategic Management of Technology and Innovation.

     Additionally, participants should have practiced

    • Analytical skills in defining and solving problems
    • Decision-making skills
    • Reflection skills
    • Consulting skills
    • Group management, coordination, and teamwork skills
    • Communication and presentation skills

     This course will be particularly useful if you plan
    your careers as entrepreneurs of startup firms, senior managers of established
    firms, managers responsible for R&D, technology or innovation, or management
    consultants.


Assessment Methods and Criteria
  • Valid 01.08.2020-31.07.2022:

    Exams; group assignments.

  • Applies in this implementation:

    1. Seminar sessions: 4 sessions. 
    - An article presentation by the group (questioned by opponent group)
    Presentation slide deck : 10 points (40)
    Group seminar discussion: 5 points (20)

    2. Case sessions: 4 sessions
    Memo (by individual student): 10 points each (40)
    Case seminar discussion: Different case questions, discussed in groups (break out rooms in zoom), then every group is asked to present their analysis: 5 points (20)

    3. Guest sessions: 3 sessions
    Memo (by individual student): 10 points each (30)

    150 points in total will be scaled back to 100. In case the above total points do not add up to 150 points, due to unforeseen schedule changes, then it
    will be transformed so that the total achievable maximum point is 100 points.
    For example, if the total maximum point is 110 and you received 90, then the final
    course points you received will be computed as 90/110*100=81.81 points (which
    corresponds to a final grade of “4”). For another example, if the total maximum
    point is 90 and you received 70, then the final course points you received will
    be computed as 70/90*100=77.77 points (which corresponds to a final grade of
    “3”).

    The final course points you
    received corresponds to the following final grade:

    • 0-49
      points = 0
    • 50-59
      points = 1
    • 60-69
      points = 2
    • 70-79
      points = 3
    • 80-89
      points = 4
    • 90-100
      points = 5


Workload
  • Valid 01.08.2020-31.07.2022:

    The total workload is 135 hours: Contact teaching 30 percent, preparation for group assignments and for the examination 70 percent.

  • Applies in this implementation:


    Task

    Hours

    Course
    introduction and practicalities

    4

    Case
    sessions

    10

    Case
    memos

    55

    Seminar
    sessions

    8

    Seminar
    presentation slides

    44

    Guest
    lecture sessions

    4

    Reflection
    memos

    10

    TOTAL

    135 = 5
    ECTS*27 hours/ECTS


DETAILS

Study Material
  • Valid 01.08.2020-31.07.2022:

    Scientific articles and other study material assigned by the professor.

  • Applies in this implementation:

    1. Textbook: Schilling, M.A. 2020. Strategic Management of
    Technological Innovation. McGraw-Hill
    Education.
    2. Seminal and contemporary academic
    articles and book chapters
    3. Case studies from Harvard Business
    School and INSEAD

Substitutes for Courses
  • Valid 01.08.2020-31.07.2022:

    Replaces the course TU-91.2005

Prerequisites
  • Valid 01.08.2020-31.07.2022:

    TU-C2010 Introduction to Strategic Management or TU-91.1011 Principles of Strategic Management, TU-91.1012 Intermediate Strategic Management and TU-A1100 Tuotantotalous 1/TU-A1200 Grundkurs i Produktionsekonomi.

Registration for Courses
  • Valid 01.08.2020-31.07.2022:

    The course is available for students who have a major or minor in Industrial Engineering and Management; other students (who meet the prerequisites) can be accepted to the course only if the maximum number of students allows taking more students. Other students will be accepted in order of registration. If other students can be accepted, it will be done in order of registration in Oodi

  • Applies in this implementation:

    Attendance is mandatory >80% attendance
    required to pass the course.

    Ethical Guideline

    Plagiarism is strictly
    forbidden and will lead to grade zero (0). In other words, anyone involved in
    plagiarism will NOT pass the course. Please adhere to the “Aalto University
    Code of Academic Integrity and Handling Violations Thereof” which is available
    in the Into portal for Aalto University students. https://into.aalto.fi/display/ensaannot/Aalto+University+Code+of+Academic+Integrity+and+Handling+Violations+Thereof


FURTHER INFORMATION

Details on the schedule
  • Applies in this implementation:

    Sessions are held on Wednesdays  between
    10:15-12:00. Please note that there may
    be some changes in the schedule as the course materials are finalized.

     

    Session

    Topic

    Date

    Case

    I. Introduction

    1

    Introduction

    Wed 13.1.

     

    II.
    Creating Value: Opportunities from Industry and Technology Change

    2

    Technology Evolution and
    Market Diffusion (S)

    Wed 20.1.

     

    3

    Disruptive Innovation (C)

    Wed 27.1.

    Tesla Motors

    4

    Dominant Design and Standards War
    (C)

    Wed 3.2.

    Adobe Systems

    III. Capturing Value: Profiting from Innovation

    5

    Profiting from Innovation
    (S)

    Wed 10.2.

     

    6

    Protecting Innovation (C)

    Wed 17.2.

    LEGO Group

     

    NO SESSION: EXAM WEEK

    Wed 24.2.

     

    7

    Guest lecturer: TBA (G)

    Wed 3.3.

     

    IV. Organizing Innovation Inside the Firm

    8

    Managing Stakeholders of Innovation
    (S)

    Wed 10.3.

     

    9

    Managing Stakeholders of Innovation
    (C)

    Wed 17.3.

    Vol de Nuit

    III. Leveraging Internal and External Sources of
    Innovation

    10

    Boundaries of Firm
    Innovation (S)

    Wed 24.3.

     

    11

    Guest lecturer: TBA (G)

    Wed 31.3.

     

    12

    TBA

    Wed 7.4.

     

    *(S) denotes
    seminar session, (C) denotes case session, (G) denotes guest lecture session