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Analysis of the role of innovation management and its impact on global business.

UGB 269

Innovation Management Assessment for 2021

Canvas & JIRA

Deadline: Tuesday 23rd November 2021

Learning outcomes

Knowledge

  • K1 Analysis of the role of innovation management and its impact on global business.
  • K2 Critical debates on the strategic, tactical and operational challenges in establishing a viable innovation managementculture.
  • K3 Investigation and debates on the key attributes in retaining learningfrom effective innovation managementpractices.

Skills

  • S1 An ability to critically appraise and evaluate theories of innovation management in the 21st century.
  • S2 An ability to contextualize and evaluate viable concepts, models and techniques in order to identify ease of transmission for the adoption and/or application of innovation management. Assessment Formative feedback You will receive formative feedback to guide you in line with the module aims. In week five of the programme you will be required to submit a formative proposal of300words detailing:

Your proposed managing innovation and technology transfer theme

How you will address each learning outcome [do not use the learning outcomes as the questions/question for the assignment] Guidance Students are asked to reflect on their personal network of tutors, family members, relatives and professional / social networks to thoroughly consider if it is possible to source a live organisation. Students must familiarise themselves (i.e. reading and reflecting on current journal articles) with a current theme from the module scheme of work.

Student will then be required to write an academic report in the form of a journal paper. It will be suggested that students watch the video clip via the link below to aid them to write the academic report. https://www.youtube.com/watch?v=1O_Go1KzAyE For your guidance, the report must consist of:

a) An introduction in which you introduce the theme that you are investigating,clearly emphasizing itsimportance.

b) A detailed methodology of the analytical approach you are taking, demonstrating a critical understanding of managing innovation and technology transfer theme.

c) A section on your findings includes a critical evaluation, detailing the theme selected its implications and company examples.

d) Conclusions and commercially viablesolutions.

e) Throughout the report, you must integrate theory with practice, critically evaluating your findings.

f) All sources must be cited correctly in accordance with the Harvard systemof referencing.

Task 1 Choose one of the themes below and prepare an academic report in the form of a journal paper of 3000 words in length, excludingappendices.

  • Assignment hint: Please provide [cite your reference + give example + citation] 1) Tensions, paradox, and contractions in managing strategic management of technology, and innovation
  • Types of Innovation
  • Business model innovations
  • Critically explain Tension between innovation management and risk management.
  • Evaluate Organizational tensions and innovation
  • Critically evaluate and justify the purpose and benefits Tensions in managing strategic management of technology, and innovation
  • Critically analyse and justify Tensions in managing strategic management of technology, and innovation  Define and explain Paradoxes
  • Analyse Paradoxes of innovation
  • Approaches to paradox
  • Theories of paradox
  • Critically analyse and justify paradox in managing strategic management of technology, and innovation
  • Critically evaluate and justify the purpose and benefits paradox in managing strategic management of technology, and innovation
  • Define Contraction in business
  • Critically analyse and justify Contractions in managing strategic management of technology, and innovation
  • Critically evaluate and justify the purpose and benefits of Contractions in managing strategic management of technology, and innovation
  • Define and discuss Technology and innovation
  • Analyse the management of technology and innovation 2] Evolving Models of Innovation Management & Intellectual Property [IP] Hint for assignment: Follow the structure of the report writing video and include as follows:
  • Assess and explain evolving models of innovation management
  • Define innovation management and IP
  • Explain innovation management and Intellectual Property (IP) Management
  • Identify and analyse models of innovation management and intellectual property management
  • The purpose of evolving models of innovation management and Intellectual Property [IP]

Advantages and disadvantages evolving models of innovation management and Intellectual Property [IP]

  • 3] Managing & Measuring Innovation Success What is Managing innovation success How is Innovation success Managed (Global examples) Defining the goals, purpose and expectations of managing innovation success Innovation management focus on the following elements: Corporate foresight and trends Innovation strategy Brainstorming and scouting Innovation process, responsibilities and project management What are the Key challenges in managing innovation success What are the Key success factors in measuring innovation success Explain the term measuring innovation success Analyse the approach/es taken to measure innovation success How is innovation success measured explain What are the Key challenges in measuring innovation success What are the Key success factors in managing innovation success 4] Creating and Managing an Effective Innovative Climate Creating and Managing an Effective Innovative Climate Creating an Effective Innovative Climate 
  • Define innovative climate  Consider some organizational climate and discuss
  • Explain how to create an innovation climate and evaluate its effectiveness
  • Provide examples to support your findings Creating an effective innovation climate/ CREATING A CLIMATE FOR INNOVATION is as follows;
  • COMMUNICATION
  • CHALLENGE
  • Challenging work
  • Intellectual stimulation
  • Positive interpersonal cohesion
  • Trust and safety
  • Flexibility and risk-taking
  • SOURCES OF IDEAS
  • PROCESSES
  • Motivation
  • Empowerment
  • Dynamism
  • Intellectual Stimulation
  • Positive Interpersonal Cohesion
  • Trust & Safety
  • Flexibility & Risk-Taking
  • Autonomy
  • Mission Clarity
  • Commercial Emphasis
  • Resources
  •  Leadership Support Managing an Effective Innovative Climate
  • Define innovation management Analyze the term managing innovation climate
  • Consider some consider some of the approaches in managing an organizational climate and discuss its effectiveness
  • Evaluate the effectiveness of the mentioned approaches in managing an organizational climate
  • Provide examples to support your findings

important for the leader and group members input To manage an effective innovation climate is as follows; Strategy: linking innovation with business goals Innovation strategy needs to be closely linked to business strategy.

This can be a significant hurdle if the business strategy itself is not well developed. Leadership: articulating the vision Strategy development goes hand-in-hand with effective leadership. People: opportunities to be innovative There needs to be room for innovation to happen, and enough space made for creative thinking to be fostered.

There’s a tendency for organisational culture to be one where everyone is very busy, working long hours, trying to demonstrate how hard they are working in order to protect their jobs. Involvement: breadth of input into strategy For strategy development, it is important to ensure broad involvement of staff who understand different aspects of the business and can provide fresh perspectives. And when an innovation strategy has been developed, the people within an organisation need to be empowered and equipped with the necessary skills to implement it. So, skills and organisational structures also become an important part of the picture.

5. Implementation: framework for managing ideas “We regularly find that organisations undertake an annual ‘strategy’ exercise and create a strategic roadmap, but then don’t implement the objectives fully or thoughtfully,” A technology management framework can take the form of a toolkit that includes decision-support capabilities for managing innovation. Interconnected and continuous With a strategy for managing innovation closely tied to business strategy, companies give themselves a better chance of fostering innovation for valuable outcomes. Organizational Climate. i) Open Climate ii) Autonomous Climate iii) Controlled Climate iv) Familiar Climate v) Paternal Climate vi) Closed Climate

5] Developing Firm Specific Competencies

  • Define developing firm specific competencies [reference/citation]
  • What are the firm’s specific competencies aimed at [e.g;skills and knowledge in specific area of responsibility, teamwork, problem solving, applying consistent high quality value, norms, benchmarking, customer services………..] support this point/s with a literature/theory [reference/citation]
  • Explain the criteria for determining the development of the firm’s Core Competencies. support this point/s with a literature/theory [reference/citation]
  • How does a firm develop specific competencies and the importance of developing firm specific competencies and to remain the competitive market to compete with the firm’s competitors/unique[competitive advantage] [support this point/s with a literature/theory [reference/citation]
  • Evaluate the development of the firm’s specific competencies and justify the specific competencies [support this point/s with a literature/theory [reference/citation]
  • Analyse the development of the firm’s specific competencies [support this point/s with a literature/theory [reference/citation]
  • Once the firm develops it specific competencies, it can achieve competitive advantage by implementing the competencies gained and knowing the niche/segment [support this point/s with a literature/theory [reference/citation]
  • How developing specific competencies can benefit a firm also to be sustained at the competitive edge [support this point/s with a literature/theory [reference/citation] 6] Management Strategies for Innovation Define management strategies Define management for innovation
  • Explain Innovation management [Corporate foresight and trends, Innovation strategy, Brainstorming and scouting, Innovation process, responsibilities and project management, Innovation controlling and innovation portfolio, Innovation culture, Supporting processes, e. g. Open Innovation, Knowledge Management, Intellectual Property]
  • Explain the purpose of Innovation Strategy
  • Analyse management strategies for innovation and its implementation
  • The key aspects of management strategies for innovation
  • Justify the Success factors for the developing of management strategies for innovation
  • Explain how you measure the management strategies for innovation

Evaluate Management Strategies for Innovation The submitted paper must critically debatea currenttheme and be supported with company examples. The assignment is intended to give you an opportunity to show that you are capable of applying your knowledge of managing innovation and technology transfer, not only in describing the issue faced by the commercialsector, but also in explaining it and justifying your proposed actions for improvement. For general assessment criteria see appendix1. Good luck PLAGIARISM/INFRINGEMENT STATEMENT All Assessments are subject to the University’s Policy on `Cheating, Collusion and Plagiarism`. Students found guilty of this are subject to severe penalties. This is an INDIVIDUAL piece of work - If there is evidence that the work is not wholly attributable to you, the University`s policy on `Cheating, Collusion and Plagiarism` will be applied Link to University Academic Integrity and Misconduct Policy

https://docushare.sunderland.ac.uk/docushare/dsweb/View/Collection-8155 University Academic Regulations https://docushare.sunderland.ac.uk/docushare/dsweb/View/Collection-2780 University Policy on Academic Integrity and

Misconduct https://docushare.sunderland.ac.uk/docushare/dsweb/View/Collection-8155

University Policy on Extenuating Circumstances

https://docushare.sunderland.ac.uk/docushare/dsweb/Get/Document-2995/AQH-F6-Procedures-forExtenuating-Circumstances.pdf

University Policies on Complaints, Appeals and Student

Discipline https://docushare.sunderland.ac.uk/docushare/dsweb/View/Collection-2784

Assessment Regulations For further information regarding Assessment Regulations, extenuating circumstances or extensions and academic integrity, please refer to your Programme Handbook on the University of Sunderland in London information page on Canvas. Reading List Please access your reading list from the library website.

To access it, please go to https://moduleresources.sunderland.ac.uk/ and search for your module. Submission guidelines There are currently two steps that you need to follow to ensure that you successfully submit your work for marking. Your submission links will become available approximately

3 weeks prior to your submission deadline, along with detailed instructions on how to submit your assignment, but in the meantime please feel free to also watch this Assignment Submission Instructions video. Grading You will be marked in accordance to the University ofSunderland assessment criteria attached below.

The assessment criteria covers;Relevance, Knowledge, Analysis, Argument and Structure, Critical Evaluation, Presentation, Reference to Literature. Assessment Criteria Categories Grade Relevance Knowledge Analysis Argument and Structure Critical Evaluation Presentation Reference to Literature Pass 86 – The work examined is exemplary and provides clear evidence of a complete grasp of the knowledge, understanding and skills appropriate to the Level 100% of the qualification.

There is also ample excellent evidence showing that all the learning outcomes and responsibilities appropriate to that Level are fully satisfied. At this level it is expected that the work will be exemplary in all the categories cited above. It will demonstrate a particularly compelling evaluation, originality, and elegance of argument, interpretation or discourse. 76-85% The work examined is outstanding and demonstrates comprehensive knowledge, understanding and skills appropriate to the Level of the qualification. There is also excellent evidence showing that all the learning outcomes and responsibilities appropriate to that level are fully satisfied.

At this level it is expected that the work will be outstanding in the majority of the category as cited above or by demonstrating particularly compelling evaluation and elegance of argument, interpretation or discourse. The work examined is excellent and is evidence of comprehensive knowledge, understanding and skills appropriate to the Level of the qualification. 70 – There is also excellent evidence showing that all the learning outcomes and responsibilities appropriate to that level are satisfied. At this level it is 75% expected that the work will be excellent in the majority of the categories cited above or by demonstrating particularly compelling evaluation and elegance of argument, interpretation or discourse.

Directly relevant A substantial Good analysis, Generally coherent and May contain some Well written, Critical appraisal of up60 – to the knowledge of clear and logically structured, distinctive or with standard to-date and/or 69% requirements of relevant orderly using an appropriate independent spelling and appropriate literature. the assessment material, mode of argument thinking; may begin grammar, in a Recognition of showing a clear and/or theoretical to formulate an readable style different perspectives. grasp of themes, mode(s) independent Very good use of questions and issues therein position in relation to theory and/or practice. with acceptable format source material. Uses a range ofsources 50 – 59%

Some attempt to address the requirements of the assessment: may drift away from this in less focused passages Adequate knowledge of a fair range of relevant material, with intermittent evidence of an appreciation of itssignificance Some analytical treatment, but may be prone to description, or to narrative, which lacks clear analytical purpose Some attempt to construct a coherent argument, but may suffer loss of focus and consistency, with issues at stake stated only vaguely, or theoretical mode(s) couched in simplistic terms Sound work which expresses a coherent position only in broad terms and in uncritical conformity to one or more standard views of the topic Competently written, with only minor lapses from standard grammar, with acceptable format Uses a variety of literature which includes some recent texts and/or appropriate literature, though not necessarily including a substantive amount beyond library texts. Competent use of source material. 40 – 49% Some correlation with the requirements of the assessment but there is a significant degree of irrelevance Basic understanding of the subject but addressing a limited range of material Largely descriptive or narrative, with little evidence of analysis A basic argument is evident, but mainly supported by assertion and there may be a lack of clarity and coherence Some evidence of a view starting to be formed but mainly derivative.

A simple basic style but with significant deficiencies in expression or format that may pose obstacles for the reader Some up-to-date and/or appropriate literature used. Goes beyond the material tutor has provided. Limited use of sources to support a point. Weak use of source material. Fail 35 – 39% Relevance to the requirements of the assessment may be very intermittent, and may be reduced to its vaguest and least challenging terms A limited understanding of a narrow range of material Heavy dependence on description, and/or on paraphrase, is common Little evidence of coherent argument: lacks development and may be repetitive or thin Almost wholly derivative: the writer’s contribution rarely goes beyond simplifying paraphrase Numerous deficiencies in expression and presentation; the writer may achieve clarity (if at all) only by using a simplistic or repetitious style Barely adequate use of literature. Over reliance on material provided by the tutor. The evidence provided shows that themajority of the learning outcomes and responsibilities appropriate to that Level are satisfied. 30 – 34% The work examined provides insufficient evidence of the knowledge, understanding and skills appropriate to the Level of the qualification.

The evidence provided shows that some of the learning outcomes and responsibilities appropriate to that Level are satisfied. The work will be weak in some of the indicators. 15-29% The work examined is unacceptable and provides little evidence of the knowledge, understanding and skills appropriate to the Level of the qualification.

The evidence shows that few of the learning outcomes and responsibilities appropriate to that Level are satisfied. The work will be weak in several of the indicators. 0-14% The work examined is unacceptable and provides almost no evidence of the knowledge, understanding and skills appropriate to the Level of the qualification. The evidence fails to show that any of the learning outcomes and responsibilities appropriate to that Level are satisfied. The work will be weak in the majority or all of the indicators.


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