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“Innovation is perhaps the most essential and perhaps, the most fragile, competency that a company can have” (Peter Druker).  Businesses that fail to innovate, invariably and inevitably, fail.  Innovation is a great driver of change and as such, it must a core competency of any great organisation and prevalent to the culture of the organisation and its leadership. 

Apple, L’Oréal, Microsoft, Starbucks, Tesla, Amazon, Tencent occupy different industries and present different values to their markets, investors, and customers. Yet these companies all share two characteristics: (1) the ability to innovate, and (2) the ability to change, and the reason that they are on the Forbes’ 2022 list of the world’s most innovative companies https://www.forbes.com/special-features/innovative-companies-list.html

MBB7060M is a course about how firms go about creating, managing, implementing and leading innovation and change. In this course, we take a broad perspective of innovation and how to best organize and operationalise innovation to achieve strategic and monetary advances.  We will discuss a spectrum of innovation and change concepts and factors for successful change management. 

Specifically, we will aim to ask and address some of the imperative questions related to innovation, such as: 

(1) What is creativity and innovation? 

(2) How is innovation best created and achieved in a company? 

(3) Under what conditions should innovation be attempted? 

(4) Why do so many innovation projects fail? 

(5) How do co-opetition and collaboration affect innovation? 

(6) What are the sources of innovation? 

(7) How do organisations create and sustain innovative teams?  

(8) How is innovation best measured? 

(9) What types of organizational structures are best aligned with high-performance innovation? 

(10) How do emergent, incremental, continuous, disruptive, and destructive innovation differ?