MGF5600 Managing innovation
Faculty of Business and Economics
MGF5600 Managing innovation is a level 5, 6-credit-point, postgraduate unit from the Faculty of Business and Economics, offered in 2022 in Semester 2 and Summer B at Caulfield. It has no prerequisites.
- Credit points
- 6
- Offered in 2022
- Semester 2, Summer B
- Caulfield
- Assessment
- No exam
- 1 task
- Workload
- 144 hours
- per semester
This is the 2022 handbook entry. See the 2027 entry.
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Overview
This unit looks at innovation as a managerial process. It provides methodologies for setting up and managing innovation within teams, departments and organisation wide.
Topics cover: sources of innovation; collaboration and cooperation in innovation; types of innovation networks: social, sartorial, regional, national and global; the strategies and stages of creative innovation, translating knowledge into innovation; methods of selecting and rejecting innovation including the stage gate process; mapping technological change and opportunity; managing an innovative culture and the diffusion of innovation, exploiting intellectual property; the role of discontinuous innovation, and innovation for growth and sustainability in domestic and international markets.
Offerings in 2022
| Teaching period | Campus | Mode |
|---|---|---|
| Second semester | Caulfield | On campus |
| Summer semester B | Caulfield | On campus |
| November teaching period | Caulfield | Block on |
Assessment
- Within semester assessment100%
Learning outcomes
When you finish this unit, you should be able to:
- 1
develop strategies for managing innovation and its commercialisation
- 2
design an appropriate process for screening a new product service idea through to introduction
- 3
define criteria for the sustainability of innovations
- 4
describe the impact of networks and role of networking on managing the innovation process.
Workload and teaching
- Tutorials24 hours
- Lectures12 hours
- Teaching approachActive learning
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
Where it fits
MGF5600 is part of 4 areas of study in the 2022 handbook.
Contacts
- Chief Examiners
- Constantin Alba
- Professor Mathew Hayward
Common questions
What are the prerequisites for MGF5600?
MGF5600 has no prerequisites.
When is MGF5600 offered?
In 2022, MGF5600 runs in Semester 2 and Summer B at Caulfield.
How much work is MGF5600?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does MGF5600 have an exam?
No. MGF5600 has 1 assessment task and no exam.
Which majors and minors include MGF5600?
MGF5600 is part of Atmospheric science, Contemporary management, Earth science and Supply chain management.