The course aims to provide students with an understanding of key issues in the management of innovation and development of the relevant skills needed to manage innovation at both strategic and operational levels. It provides evidence of different approaches based on leading research, real world examples and experiences of firms and organizations from around the world. The management of innovation is one of the most important and challenging aspects of modern organization. Innovation is a fundamental driver of competitiveness and it plays a large part in improving quality of life. Innovation, and particularly technological innovation, is inherently difficult, uncertain and risky, and most new technologies fail to be translated into successful products and services. Given this, it is essential that students understand the strategies, tools and techniques for managing innovation, which often requires a different set of management knowledge and skills from those employed in everyday business administration. The course itself draws upon research activities of the Innovation Management Group within TUHH, the Institute for Technology and Innovation Management (TIM, W-7, www.tuhh.de/tim)

Knowledge Objectives:
1. Understand definitions and concepts of innovation,
2. Explore major models and theories of innovation,
3. Use and apply tools for innovation management.

Skill Objectives:
1. Diagnostic and analytical skills,
2. Enhance verbal skills through class and syndicate discussions,
3. Build up critical and interpretation skills,
4. Learn how to evaluate different options,
5. Formulate and develop strategy,
6. Assess and resolve managerial challenges.

Learning Outcomes
At the end of the course students will be able to demonstrate understanding, and make critical assessments of the following:
1. Assess and interpret innovation processes,
2. Develop and formulate managerial strategies to shape innovative performance,
3. Utilize tools of innovation management to map and measure innovative activities,
4. Diagnose different innovation challenges and make recommendations for resolving them.

Course Outline - Lecture Topics:
1. The Management of (Technological) Innovation,
2. Strategy and Organization for Innovation,
3. Innovation of Products, Services and Business Models,
4. Managing the Innovation Process,
5. Networks, Communities of Innovators and Lead User-Innovation,
6. Innovation in the Age of Circular Economy (C2C),
7. Market-Research for Innovation and Design-thinking,
8. Capturing value from R&D, Open Innovation and IP,
9. Creativity and mindfulness in Innovation,
10. Conclusions and Future Challenges.