VISITING PROFESSOR: INNOVATION 1
The course of 3 ECTS, held by prof. Silvia Massini of University of Manchester, concerns the fundamentals and the nature of innovation, and its role for firm and nation competitiveness. It discusses different typologies of innovation, incentives to innovate, how companies organise themselves to promote innovation.
It provides a deep understanding of innovation processes, how firms manage new product and process development, how they organise and manage R&D, the importance of learning from others and collaborative arrangements for innovation, how to profit from innovation, and the dynamics of competing technologies.
The course, structured in lecturers and interactive discussions with students, focuses on the economics of innovation, building on concepts of applied economics theories, and new industrial economics.
Students will achieve the following learning outcomes:
- A thorough knowledge of what innovation is and why it is critical to firms’ profitability and long-term economic growth
- Understand the nature of innovation processes and become familiar with the characteristics of technologies
- Understand the principles involved in innovation processes and the development of technology in firms, and the ways in which business strategies and technological competencies interact
- Understand the relationship between market structure and innovation activity
Students will gain good knowledge of the economics of innovation, enabling them to read, interpret and critically discuss the various approaches, assumptions and findings in the contemporary literature.
The Nature of Innovation: What is Innovation?; different typologies of Innovation; understating innovation as a process; five generations of Innovation; adoption and diffusion of innovation; perspectives and strategies for innovation.
R&D, Learning from others and Absorptive Capacity: Information, knowledge creation, the role of formal internal R&D and external sources of information and knowledge; the role of collaborations and alliances.
Organising and managing innovation: Research and Development (R&D); managing scientists and engineers, creativity and performance.
Technological standards, Modularity and Innovation Strategies: Lock in and path dependence; first mover advantage; innovation and imitation strategies.
Intellectual Property Rights: What are Intellectual Property Rights? IPR and Incentives to Innovate; Formal and Strategic IPR: Patents, Trademarks, Designs, Copyright, Secrecy, Lead time, Confidentiality Agreements.
National and Sectoral Patterns of Innovation: Definitions, Institutions, Patterns; Nature of technological knowledge.
Mode of Delivery
The course will combine lectures and students’ presentations and discussions on specific topics based on selected academic articles and cases.
Students are assessed through group presentations and individual essay. Students must sign a register of classroom presence at each lecture.
Readings will be communicated at the beginning of the class by the lecturer
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