Assuming that the students have basic knowledge in the economics of industrial and technical change this course focuses on the management aspects of those processes. Concepts like dominant design, various classifications of innovations (like architectural, modular or radical innovations) are introduced as are concepts related to learning, acquisition and the appropriability of technology. The innovation management concept is widened to include creativity and to include non manufacturing (service) sectors/activities. The role of venture capital and intellectual property rights in relation to the innovation management process is also analyzed.
The course is based on modern theory of management of innovation related to the new theory of the (resource based) firm and its dynamic capabilities. In addition the course is based on theories of knowledge formation and learning in firms and technical systems.
The teaching consists of lectures and seminars. One seminar may be in the form of a study visit.