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Headings denoted with an asterisk ( * ) is retrieved from the course syllabus version Autumn 2022
Content and learning outcomes
Course contents
- The main content of the course is techniques for analyzing innovation processes related to the development of an idea or invention into a commercially viable product or service.
- The main focus in the course is to analyse the innovation process surrounding a number of successful and less successful development projects in the field of electric power engineering
- The taught techniques for analyzing the innovation processes are then applied to some specific cases with a non-obvious market potential.
Intended learning outcomes
After passing the course, the student shall be able to
analyse the evolution of the existing electrical power system and the processes behind the key inventions and their development into innovative products that are now well-established
analyse the impact different stakeholders such as regulators, utilities, manufacturers and end customers have on the market for products and services in the field of electric power engineering
analyse the impact of the electricity price on investments in the electrical power grid
analyse how sustainable development creates incentive for innovation and entrepreneurship in the field of electric power engineering
describe how improvements in material properties, computational models etc affects innovation processes
identify key technological innovations and development in other areas that leads to innovations in the field of electric power engineering
describe the necessary steps that needs to be taken in order to place a new or improved product on the market.
develop a simple business plan
describe the process of patenting an invention.
Detailed plan
Schedule: See KTH Schema for location.
L-Lecture
Sup - Supervision
Sem - Seminar
Dline - Deadline
BT - Bessant & Tidd - Innovation and Entrepreneur ship
Course introduction. Group exercise: Innovations in Power Systems
PH
0829 10-12 D32
L2
Creativity, Sources of innovation Literature: Chapter 1 and Sources of innovation BT3edChapter 6 / TB7ed Chapter 6
PH
0905 10-12 U61
L3
Searching for opportunities/strategies for innovation. Innovation networks and frameworks. Literature: TB7ed Chapter 7 / BT3ed Chapter 7
PH
0912 13-15 D32
L4
Developing an innovation strategy. Building an innovative organization. Leadership and Team buiding. Exploiting networks Project 1 introduction. Literature: T&D:I,Chapter 8&9 T&D:II, III: Chapter 3&4
PH
0914 8-10 E33
L5xt
2h Social Innovation. Innovation, Globalization and Development. National Systems of Innovation. T&DI : Chapter 2, 3 T&DII Chapter 14, T&DIII N/A 1h Guest lecture from KTH Innovation 1h Wrap up/spare time
PH
0921 8-12 M36
Sup1
Supervision Project 1
PH
0926 10-11 U61
Dline
Project 1 Report and presentation
Stud.
1003 08:00 Canv.
Sem1
Seminar Project 1 Group presentations
Stud.
1003 10-12 U61
L6
Open innovation and collaborations. Literature: T&DI Chapter 7 T&DII Chapter 11 T&DIII Chapter 10 Project 2 introduction.
PH
1005 10-12 V01
L7
Developing/creating new products and services (service innovation) Literature: T&DI Chapter 11 T&DII, Chapter 10: T&DIII, Chapter 9:
PH
1031 13-15 E36
L8xt
Guest lecture: IP rights- Intellectual property rights.
PH
1102 8-12 D32
Sup2
Supervision Project 2
PH
1107 14-15 E31
L9
Project 3 introduction. Your own product/service etc Developing new ventures Pt. 1 – Creating a business plan. Literature: T&BI: Chapter 12 T&DII: Chapter 12 T&DIII: Chapter 11
PH
1114 10-12 V11
L10
Developing new ventures Pt. 2 – Financing Literature: T&DI: Chapter 12-14, 16,17: Creating new ventures, etc T&DII: Chapter 12,13 T&DIII: Chapter 11-13
PH
1121 10-12 E36
Dline
Project 2 Report and presentation
Stud
1123 08:00 Canv.
Sem2
Seminar Project 2 Group presentationsStud
1123 10-12 E33
L11
Guest lecture: TBD
PH
1128 10-12 E53
Sup3
Supervision Project 3
PH
1130 8-9 D32
L12
Course summing up lecture
PH
1205 13-15 E33
Dline
Project 3 Report and poster
Stud
1220 17:00 Canv.
Sem3
Poster session Project 3
Stud
TBD
Preparations before course start
Literature
Main course books
The two books below overlap quite much and no need to buy both. -John Bessant and Joe Tidd, Innovation and Entrepreneurship, 3rd ed., 2015, Wiley. -Joe Tidd and John Bessant, “Managing Innovation,- Integrating Technological, Market and Organizational Change”, Wiley, 7th ed. 2021. The 5th ed is available on-line at KTH and is good enough.
A number of articles/supplementary reading will be distributed during the course.
Recomendations:
Another useful book about the basics is M. A. Schilling, “Strategic Management of Technological Innovation”, 3rd ed. McGraw-Hill
A good book on the relations between materials and innovations is: Gessinger, G. H , Materials and innovative product developmen: using common sense / Gernot H. Gessinger ISBN 0-08-087820-2 Burlington, MA : Butterworth-Heinemann, 2009,
A simple book on business can be good to read, e.g. Josh Kaufman, “The personal MBA – A world class business education in a single volume”
The books can be purchased on any internet bookstore, all other material will be put on “Canvas”.
Support for students with disabilities
Students at KTH with a permanent disability can get support during studies from Funka:
INL1 - Assignment 1, 1.5 credits, Grading scale: P, F
INL2 - Assignment 2, 1.5 credits, Grading scale: P, F
INL3 - Assignment 3, 1.5 credits, Grading scale: P, F
SEM1 - Seminars, 1.5 credits, Grading scale: P, F
Based on recommendation from KTH’s coordinator for disabilities, the examiner will decide how to adapt an examination for students with documented disability.
The examiner may apply another examination format when re-examining individual students.
Other requirements for final grade
Approved assignments (INL1, INL2 and INL 3). Presenting and participating in the joint seminar (SEM1).
Ethical approach
All members of a group are responsible for the group's work.
In any assessment, every student shall honestly disclose any help received and sources used.
In an oral assessment, every student shall be able to present and answer questions about the entire assignment and solution.
