Programmes

Innovation Management

  • Summer schools
  • Department of Management
  • Application code SS-MG104
  • Starting 2020
  • Short course: Open
  • Location: Houghton Street, London

UPDATE: Due to the global COVID-19 pandemic we will no longer be offering this course in summer 2020. Please check our latest news on this situation here.  

You can still register your interest in this course for 2021 using the ‘Sign up’ button to the right.

To stay relevant in today’s dynamic marketplace, companies must continually seek ways to generate new ideas and innovate in order to remain competitive. Whether it is the fortune 500 companies that have used innovation to transform their businesses (e.g. Proctor and Gamble and Apple) or even start-ups (such as Istockphoto); innovation is disrupting markets and altering the nature of industries.

According to Innosight’s corporate longevity forecast, half of the S&P 500 is forecasted to be replaced in the next ten years unless they continue to innovate, making it a top priority for executives. The Accenture 2015 Innovation survey concurs stating that 84% of executives consider that their future success depends on innovation. This makes being able to understand and manage innovation a critical skill in every business moving forward.

Based on recent leading-edge research, this course will give you the concepts, theories, insights, and tools necessary to inspire and empower you to better manage innovation, in some ways helping you to pre-empt the high failure rates associated with innovation in the real world. Particular emphasis will be placed on more contemporary forms of innovation such as open innovation.

Interactive case studies and innovation exercises form an integral part of the course as innovation cannot simply be taught but must be experienced. The course also integrates and deepens your knowledge, insights and skills through a group project that requires you to innovate a solution to a challenging social problem using tools taught to you in the class.


Session: Three
Dates: 3 August – 21 August 2020
Lecturer: Dr Nadia Millington


 

Programme details

Key facts

Level: 100 level. Read more information on levels in our FAQs

Fees:  Please see Fees and payments

Lectures: 36 hours 

Classes: 18 hours

Assessment*: 30% group project presentation and 70% final exam

Typical credit**: 3-4 credits (US) 7.5 ECTS points (EU)


*Assessment is optional

**You will need to check with your home institution

For more information on exams and credit, read Teaching and assessment

Prerequisites

This is not a technical course, so it does not require knowledge of coding or complex technologies. It is a course that utilises business and innovation insights via a group project focused on solving a problem / leveraging an opportunity using the frameworks discussed in class.

Programme structure

Exploring innovation

  • Types of innovation (closed versus open, radical versus incremental, architectural versus modular, blue versus red ocean etc.)
  • Contemporary innovation approaches- Open Innovation tools (Crowdsourcing, Lead Users, Innovation Intermediaries, Design intermediaries, Innomediaries, Open Source)
  • Choosing the right open innovation tool for different problem sets

Executing Innovation

  • The innovation process from ideation to retention
  • The challenges of implementing innovation
  • The drivers of innovation success (e.g. ambidexterity)
  • Tools and frameworks to plan and implement Innovation (blue ocean strategy, lean design etc)

Enhancing innovation

  • Capturing value from innovation
  • Learnings from an emerging range of innovative business models

Course outcomes

By the end of this course you will be able to master the fundamentals of innovation management. You will:

  • Have a clear understanding of the various types of innovation, differentiating between the distinctive types
  • Be able to identify and predict sources of challenges associated with implementing innovation
  • Understand how large companies address innovation challenges
  • Be able to utilise design thinking and lean design to problem solve and generate innovation
  • Know how to innovate business models in order to commercialise your idea/ solution

Teaching

LSE’s Department of Management is a  world-leading centre for research and education in business and management. Its location within a world-class social science institution at the heart of a leading global city makes it unique among other management and business schools. This position gives the Department the unparalleled capability to deliver research and education which advance the frontiers of understanding in management through an integrated view of the economic, psychological, social, political and technological contexts in which people, teams, organisations and markets operate worldwide.

Proud to be part of LSE, an institution that ranks #2 in the world for social sciences and management (QS World University Rankings 2018) and #1 in the UK for research in business and management studies (REF 2014). LSE Management currently ranks #1 in the world for thought leadership in management (QS Master's in Management Rankings 2018). The Department engages with people and organisations worldwide, across the private, public, and third sectors, who are motivated to improve the world through better understanding and practice of management.

On this three week intensive programme, you will engage with and learn from full-time lecturers from the LSE’s management faculty.

Reading materials

There is no set text for this course. Sample articles / chapters include:

Chesbrough, H.W. (2003). Open Innovation: The new imperative for creating and profiting from technology. Boston: Harvard Business School Press ( chapter 1-3)
Christensen C, Bower JL. 1996. Customer Power, Strategic Investment, and the Failure of the Leading Firms. Strategic Management Journal, 17: 197‐218.
Cohen WM, Levinthal DA. 1990. Absorptive Capacity: A New Perspective on Learning and Innovation. Administrative Science Quarterly, 35: 128‐152.
Gatignon H, Tushman M, Anderson P, Smith W. 2002. A Structural Approach to Assessing Innovation: Construct Development of Innovation Locus, Type, and Characteristics. Management Science 48 (9): 1103‐1122.
Henderson R, Clark KB. 1990. Architectural Innovation: The Reconfiguration of Existing Product Capabilities and the Failure of Established Firms. Administrative Science Quarterly, 35: 9‐30.
Huston, L. and Sakkab, N. 2006. Connect and develop. Inside Procter and Gamble’s new model for innovation. Harvard business review
Leonard Barton D. 1990. Core capabilities and core rigidities: A Paradox in managing new product development. Strategic Management Journal
Meton C. (2013), Innovation risk, Harvard Business Review
Nagji B., Tuff G. (2012), Managing your innovation portfolio, Harvard Business Review
O'Reilly C., Tushman M., 2008. Ambidexterity as a Dynamic Capability: Resolving the Innovator’s Dilemma. Research in Organizational Behaviour,28: 185‐206.

Students will be given electronic access to the full list of cases/texts/articles prior to the beginning of the course

*A more detailed reading list will be supplied prior to the start of the programme

**Course content, faculty and dates may be subject to change without prior notice

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How to Apply

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