EPOKA UNIVERSITY
FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES
DEPARTMENT OF BUSINESS ADMINISTRATION
COURSE SYLLABUS
2024-2025 ACADEMIC YEAR
COURSE INFORMATIONCourse Title: INNOVATION MANAGEMENT |
| Code | Course Type | Regular Semester | Theory | Practice | Lab | Credits | ECTS |
|---|---|---|---|---|---|---|---|
| BUS 209 | C | 3 | 3 | 0 | 0 | 3 | 5 |
| Academic staff member responsible for the design of the course syllabus (name, surname, academic title/scientific degree, email address and signature) | Dr. Vilma Çekani vcekani@epoka.edu.al |
| Main Course Lecturer (name, surname, academic title/scientific degree, email address and signature) and Office Hours: | Dr. Vilma Çekani vcekani@epoka.edu.al , Monday to Friday 14:30 PM to 16:15 PM |
| Second Course Lecturer(s) (name, surname, academic title/scientific degree, email address and signature) and Office Hours: | NA |
| Language: | English |
| Compulsory/Elective: | Elective |
| Study program: (the study for which this course is offered) | Bachelor in Banking and Finance (3 years) |
| Classroom and Meeting Time: | 11:40 - 14:30 |
| Teaching Assistant(s) and Office Hours: | NA |
| Code of Ethics: |
Code of Ethics of EPOKA University Regulation of EPOKA University "On Student Discipline" |
| Attendance Requirement: | Mandatory |
| Course Description: | This course is focused on innovation, what it is (or not), how it appears (“search” & “select”), and how it can be managed (“implement” and “capture”). Innovation will not be restricted to creativity and new technical ideas, but also take organizational aspects into account. The course is committed to providing an opportunity to learn to use some tools and news ways of thinking which are better suited to addressing complex problems and opportunities inherent in organizations today. The course provides exercises on applying innovation related theories to specific context and phases of innovation. Furthermore, the course will introduce innovation concepts such as “open innovation”, “front end innovation”, which are important tools in today’s innovation approach by most companies. This interactive course includes several assignments and case studies, and engages the student with active participation. |
| Course Objectives: | Grasp the main innovation management terminology and concepts • explain the adoption life cycle and innovation adoption at the individual level • define creativity and explain how creativity can be stimulated • define and explain the idea management systems • understand change management: definition, scope, and relevance • Understand the Fintech and blockchain revolutions • Management of blockchain and other emerging technologies • Understanding the Role of the government in the encouraging product development or innovation in firms |
|
BASIC CONCEPTS OF THE COURSE
|
| 1 | Innovation, invention, novelty |
| 2 | Innovation Management , innovation stimulus |
| 3 | BIG DATA |
| 4 | E-MARKETS |
| 5 | AI, BLOCKCHAIN, Machine Learning, IoT |
| 6 | Product Development |
| 7 | Social Media |
| 8 | Intellectual property |
| 9 | Schumpeter innovation theory |
| 10 | Supply chain technology |
|
COURSE OUTLINE
|
| Week | Topics |
| 1 | What is Innovation? |
| 2 | Innovation Management: An Introduction |
| 3 | National Systems of Innovation and entrepreneurship |
| 4 | Managing Innovation within firms |
| 5 | Operation and process innovation |
| 6 | Managing Intellectual Property |
| 7 | Managing organizational knowledge |
| 8 | Strategic Alliances and Networks |
| 9 | Research and Development |
| 10 | Open Innovation and technology transfer |
| 11 | Business Models |
| 12 | Market adaption and technology diffusion |
| 13 | New Product Development |
| 14 | Market Research and its Influence on new product development |
| Prerequisite(s): | |
| Textbook(s): | |
| Additional Literature: | |
| Laboratory Work: | - |
| Computer Usage: | - |
| Others: | No |
|
COURSE LEARNING OUTCOMES
|
| 1 | What is Innovation? - to understand the basics of what is innovation and how it is perceived |
| 2 | Innovation Management: An Introduction - what is innovation management and how it can help the firms to increase efficiency |
| 3 | National Systems of Innovation and entrepreneurship - How the government encourage innovation |
| 4 | Managing Innovation within firms - how do firs manage innovation and its drawbacks |
| 5 | Operation and process innovation - understanding how the process innovation it is made and its steps |
| 6 | Managing Intellectual Property - what type of intellectual property existed and how they have changed overtime and whats their relationship with innovation |
| 7 | Managing organizational knowledge - the importance of organizational knowledge and how companies manage their knowledge by putting it into practice when it comes to product development |
| 8 | Strategic Alliances and Networks - importance of collaboration and how companies decide on how to make this collaboration ( Open Innovation), along with that IoT is an added value to companies |
| 9 | Research and Development - The most important department in the company as it decides on the product and service that it will be entering in the market. |
| 10 | Open Innovation and technology transfer - the importance of open innovation and the technology when it is applied to open innovations cases. |
|
COURSE CONTRIBUTION TO... PROGRAM COMPETENCIES
(Blank : no contribution, 1: least contribution ... 5: highest contribution) |
| No | Program Competencies | Cont. |
| Bachelor in Banking and Finance (3 years) Program | ||
| 1 | The students gain the ability to look at the problems of daily life from a broader perspective with an increased awareness of the importance of moral/ethical considerations and professional integrity in the workplace. | 5 |
| 2 | They develop their knowledge and understanding of banking and finance including concepts, theories, and analytical tools that serve both in national and international markets. | 2 |
| 3 | They gain an understanding of the role of financial management in business firms and the essentials of corporate finance and further develop their knowledge in the field. | 1 |
| 4 | They are able to apply valuation models to estimate the price of different financial assets, measure risk and describe the risk-return tradeoff. | 1 |
| 5 | They are provided with the knowledge and understanding of the regulatory framework and functioning of banking system and central banking as well as international banking system. | 2 |
| 6 | They are able to understand and use fundamental economic theories and tools to solve economic problems in banking and financial services industry. | 1 |
| 7 | They have the ability to develop and utilize accounting, financial and economic data as well as other information to solve different business problems by making use of basic mathematical and statistical models. | 1 |
| 8 | They are expected to develop their numerical and IT skills as well as knowledge of databases in order to address the significant development in the delivery and use of financial services known as FinTech. | 4 |
| 9 | They develop their ability to think critically, do research, analyze, interpret, draw independent conclusions, and communicate effectively, both individually and as part of a team. | 3 |
| 10 | They are provided with opportunities to acquire the necessary skills and competencies to develop professionalism in the banking and financial services industry or to move on to further study within the discipline. | 2 |
|
COURSE EVALUATION METHOD
|
| Method | Quantity | Percentage |
| Homework |
0
|
0
|
| Midterm Exam(s) |
1
|
25
|
| Presentation |
1
|
10
|
| Project |
1
|
20
|
| Quiz |
0
|
0
|
| Laboratory |
0
|
0
|
| Lab/Practical Exams(s) |
0
|
0
|
| Case Study |
1
|
5
|
| Term Paper |
0
|
0
|
| Final Exam |
1
|
40
|
| Attendance |
0
|
|
| Other |
0
|
0
|
| Total Percent: | 100% |
|
ECTS (ALLOCATED BASED ON STUDENT WORKLOAD)
|
| Activities | Quantity | Duration(Hours) | Total Workload(Hours) |
| Course Duration (Including the exam week: 16x Total course hours) | 16 | 3 | 48 |
| Hours for off-the-classroom study (Pre-study, practice) | 16 | 3 | 48 |
| Mid-terms | 1 | 1 | 1 |
| Assignments | 1 | 3 | 3 |
| Final examination | 1 | 1 | 1 |
| Other | 3 | 8 | 24 |
|
Total Work Load:
|
125 | ||
|
Total Work Load/25(h):
|
5 | ||
|
ECTS Credit of the Course:
|
5 | ||
|
CONCLUDING REMARKS BY THE COURSE LECTURER
|
|
On completion of the course, the student should be able to: account for the importance of technological development and innovation for economic growth and increased competitiveness on a firm level, critically discuss a firm's need to have a strategic and integrated approach to be able to successfully manage innovation and technical development, analyze complex innovation processes in firms both internally and externally. This incorporates for instance basic knowledge about partnerships, alliances, research and development, commercialization and industrial marketing |