20 credits at level HE5
The module provides the student with an introduction to the importance of innovation within the workplace as a key to competitive success. Students will study the use of innovation tools and techniques, specifically the use of TRIZ (Theory of Inventive Problem Solving).
1. The need for innovation to create competitive and profitable business solutions
2. Managing the development of new products and services
3. 4 Pís of Innovation (Product, Process, Position and Paradigm)
4. Developing and writing innovative responses to requests to tender
5. Creating an environment in which innovation can flourish
6. TRIZ (Theory of Inventive Problem Solving)
7. Problem definition
8. The role of the entrepreneur
9. Assessing business opportunities in terms of risk and benefit
A variety of academic and work based teaching and learning methods including lectures, tutorials, workshops, videos, presentations, independent study, directed reading and distance learning (WebCT) will be employed to develop the skills and knowledge of the student.
Study will be structured to provide a balance between the acquisition of knowledge and opportunities for the student to demonstrate understanding of the principles of supply chain management.
when you have successfully completed this module you will:
to demonstrate that you have achieved the learning outcome you will:
|1.||Understand importance of innovation in creating competitive success for a business and how innovation can be applied to the product (or service), process, market position or the business paradigm.||Identify a case study and describe how the innovation of a product, process, change to the market or fundamental change to the business environment has created business opportunities or improved the commercial success of the business.|
|2.||Recognize the importance of a formal process for the launch of new products and processes and describe how such a typical process might work.||Describe how a typical New Product Introduction process might work and identify the controls that should be incorporated.|
|3.||Understand how a request to tender for business can be seen as an opportunity beyond the delivery of a simple price based service. To recognize that quotes based on price alone will lead to cost based competition.||Write a response to a typical request to tender document that incorporates elements of added value services that could be offered to differentiate your organisation as a supplier from the competition.|
|4.||Understand the importance of an organisationís culture in creating, or stifling, innovation within a business.||Describe how organisational culture can benefit or hinder innovative thinking and actions by its employees.|
|5.||Demonstrate the use of TRIZ techniques to define business problems and opportunities and to create innovative solutions.||Identify a problem, or opportunity, within the workplace and then undertake an assignment using TRIZ techniques to identify possible solutions.|
|6.||Understand the role of entrepreneurial approaches in creating new and innovative business models and how these can influence the marketplace.||Identify a case study and describe how an entrepreneurial approach has changed a business or marketplace.|
Your achievement of the learning outcomes for this module will be tested as follows:
|Description||Individual work-based assignment||Case study report|
There are no prerequisites for this module.
No restrictions apply.
Entrepreneurship, Kirby David A, McGraw Hill Education, 2003.
Mastering Entrepreneurship, Birley Sue, Financial Times Prentice Hall, 2000.
Managing Innovation, Tidd J, Bessant J & Pavitt K, John Wiley & Sons Ltd. Third Edition, 2005.
Innovation and Entrepreneurship, Bessant J R and Tidd Joseph, John Wiley, 2007.
Innovation (The Missing Dimension) Lester Richard K and Pire Michael J, Harvard Business Press, 2004.
|Host Subject Group:||Business Logistics and Information Systems|
|User Name||Date Accessed||Action|