Global Innovation

BMAN73982 Global Innovation 15 Semester 2 Postgraduate Taught Level 7 Murod Aliyev Unit coordinator 1 FHEQ level (Framework for Higher Education Qualifications) ' Masters/Integrated Masters P4 ' European Credit Transfer & Accumulation System Rating : 7.5 This course explores the role of global innovation and the internationalisation of innovative activities in enhancing the competitive performance of multinational enterprises (MNEs). Students will learn key theories and concepts, including invention, global innovation, open innovation, and international technology transfer, while evaluating the benefits and challenges associated with these practices. By the end of the course, students will be able to develop and assess innovation strategies for MNEs. This course explores the role of global innovation and the internationalisation of innovative activities in enhancing the competitive performance of multinational enterprises (MNEs). Students will learn key theories and concepts, including invention, global innovation, open innovation, and international technology transfer, while evaluating the benefits and challenges associated with these practices. By the end of the course, students will be able to develop and assess innovation strategies for MNEs. This course is designed to enable students •    To learn how global innovation and internationalization of innovative activities helps multinational enterprises (MNEs) to compete more effectively in different countries around the world and in turn enhance their performance.   •    To evaluate key concepts and theories of invention, global innovation, open innovation and international technology transfer in multinational enterprises (MNEs). <ul><li style="text-align:justify;">Demonstrate an understanding of core theories of invention, global innovation, and international technology transfer, explaining how they underpin innovation strategies in multinational enterprises (MNEs).</li><li style="text-align:justify;">Demonstrate an understanding of how research & development (R&D) and other innovative activities support in enhancing their performance and competitiveness in different markets around the world.</li><li style="text-align:justify;">Recognize that innovation comes in different forms and describe how MNEs’ different business models for developing innovations affect their performance.</li></ul> <ul><li style="text-align:justify;">Evaluate the multifaceted benefits and challenges associated with global innovation, integrating critical perspectives from theories of invention, and international technology transfer.</li><li style="text-align:justify;">Evaluate the impact of internationalization assist on MNEs’ capacity for innovation including arguments for and against conducting innovation abroad, the identification of suitable host countries, and strategies for protecting new products or services from imitation.</li></ul> <ul><li style="text-align:justify;">Construct management practices for encouraging knowledge transfer across the subsidiaries of MNEs, selecting and managing overseas locations when developing new products or services, taking into account the risks of imitation.</li><li style="text-align:justify;">Develop strategies that adapt various innovation models to local market conditions while remaining aligned with the broader corporate objectives of the MNE.</li></ul> <ul><li style="text-align:justify;">Develop critical thinking and problem-solving skills by weighing multiple perspectives and scenarios.</li><li style="text-align:justify;">Communicate complex strategies clearly and persuasively to diverse stakeholders.</li></ul> Innovation/creativity Innovative activity in general and global innovation in particular have been and will be the most important drivers of growth and firm competitiveness. Companies know how important innovation is, but not all of them can successfully innovate. Given that innovation largely depends on the individuals that companies employ, firms constantly look for new bright graduates who understand the importance of innovation and have the skills to contribute to an innovative culture and strategy in the firm. SyllabusIntroductionTypes and Theories of InnovationStrategies for Enhancing MNE Performance through InnovationCommercializing Innovation in Global MarketsGlobalization of Research and DevelopmentOpen Innovation and International Technology SourcingKnowledge Transfer in MNEsAccessing Global Knowledge ReservoirsProtecting Innovation from ImitationInnovation in Emerging Countries The course will consist of 10 3-hour lectures that will integrate examples, case studies, and discussion and participation from students. While some case studies will align with the lecture material, some other case studies aim to be complementary to the lectures and therefore they align to a lesser extent.Lecture Hours (combined with case studies): 10 x approximately 3hr lectures (approx. 30hrs in total)Private Study: 120 hrsTotal Study Hours: 150 hrs 0 Other 100% Coursework (3,000 words) Detailed feedback for each coursework with the marks. Emphasis will be on the strengths and weaknesses with respect to learning outcomes. BMAN73982 Programme Req: BMAN73982 is only available as an elective to students on MSc IB&M MSc Int Business & Management MSc Int Bus & Management-Mgmt PGDT Taught Component Optional MSc Int Business & Management MSc Int Bus & Management PGDT Taught Component Optional N The course does not rely of a single textbook. It will use a large number of books and journal articles. This is only an indicative list:   Westland, J. C. (2016). Global innovation management. Macmillan International Higher Education. Gupta, A. and Govindarajan, V. (2004) Global Strategy and Organization, John Wiley & Sons. Kafouros, M. I., Buckley, P. J., Sharp, J. A., & Wang, C. (2008). The role of internationalization in explaining innovation performance. Technovation, 28(1-2), 63-74. Kafouros, M., Wang, C., Mavroudi, E., Hong, J., & Katsikeas, C. S. (2018). Geographic dispersion and co-location in global R&D portfolios: Consequences for firm performance. Research Policy, 47(7), 1243-1255. Kafouros, M. I., & Forsans, N. (2012). The role of open innovation in emerging economies: Do companies profit from the scientific knowledge of others? Journal of World Business, 47(3), 362-370. Lectures 30 0 120