MAN 690: Innovation Management

The lecture “Innovation Management“ provides an overview of theoretical foundations and fundamental conceptions in the field of innovation management. The lecture further analyzes innovative activity at the industry as well as at the firm level. In particular, determinants that affect the development and the spread of innovations will be scrutinized. At the industry level, special emphasis will be put on the prediction of market development and future trends. At the firm level, the development of innovation strategies and alternative implementations of innovation processes will be covered. Core topics are, for instance, a business venture's incentive systems, organizational structures that are supposed to foster innovative activity, collaboration in innovation processes, commercialization strategies, and the design of internal interfaces between different departments.

Learning outcomes
The aim of the lectures on innovation management is to provide the students with central concepts from the area of innovation management and findings from theoretical and empirical research into innovation. Students should also learn to apply findings from theoretical and empirical research into innovation in order to analyze and to solve innovation management-related problems. In particular, they should develop the core competences needed to manage innovation from its early stages to the introduction of products or services in the market and the strategic positioning of the firm within its industry.

Necessary prerequisites

Recommended prerequisites
Basic bachelor-level knowledge on organization and management

Forms of teaching and learningContact hoursIndependent study time
Lecture2 SWS9 SWS
ECTS credits4
Graded yes
Form of assessmentWritten exam (60 min)
Restricted admissionno
Further information
Performing lecturer
Prof. Dr. Karin Hoisl
Prof. Dr. Karin Hoisl (The course will be taught by a visiting instructor in the spring term 2025)
Frequency of offeringSpring semester
Duration of module 1 semester
Range of applicationM.Sc. MMM, M.Sc. Bus. Edu., M.Sc. Econ., M.Sc. Bus. Inf., LL.M.
Preliminary course work
Program-specific Competency GoalsCG 1, CG 4
  • Melissa A. Schilling, Strategic Management of Technological Innovation, 4th ed. (2013) or 5th ed. (2016), McGraw-Hill
  • Journal articles (see syllabus)
  • Slides (available for download via ILIAS)
Course outlineIntroduction
Patterns of Innovation
Sources of Innovation
Incentives for Innovation
Guest Lecture (1): Innovation in Application
Protecting Innovation
Organizing for Innovation
Guest Lecture (2): Innovation in Established Organizations & Stage-Gate-Model
Innovation Strategy
Guest Lecture (3): Innovation Strategy
Diffusion & Commercialization of Innovation
Collaboration Strategies