BMT880 - Contemporary Issues in Management Innovation

Outline information
Semester
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Last revision date Sep 30, 2019 12:54:46 AM
Last review date Dec 2, 2019 12:15:23 AM

Subject Title
Contemporary Issues in Management Innovation

Subject Description
Important trends in innovation are identified and their implications for innovation management are explored. Major topics include: the trend to open information ("open source") rather than protected intellectual property;  innovation taking place through collaboration using networked approaches;  and, toolkits that empower users to innovate for themselves.

Students will examine how new social networking technologies are linking tech savvy customers with innovations in business at local, regional and global levels. Students will develop strategies to build on this phenomenon and drive innovation both from within the company and from outside.

Credit Status
One credit.

Learning Outcomes
Upon successful completion of this subject the student will be able to:

  1. Conceptualize and discuss innovation and the necessity for innovation.  How do you know when it's time to innovate?
  2. Discuss the clash of classic market economics based on private intellectual property versus open source approaches to innovation and shared intellectual property.
  3. Identify and select techniques for promoting innovation such as research and development labs, wikis, open systems, strategic use of social media and collaborative networks.
  4. Assess innovation and associated risks - what is the risk of innovating versus that of not innovating?
  5. Review how productivity and innovation are intertwined, and the challenges of doing business in the face of disruptive innovation.
  6. Discuss ways to integrate innovation within the strategic business plan of the company;  public company versus private company issues, strengths and weaknesses.
  7. List, discuss and evaluate various ways to obtain support for innovation - managing change, building and maintaining momentum and overcoming dissent.
  8. Knowing when to quit - how much innovation is enough?  When does dissent lead to further innovation?  Long term planning and new innovation.

Essential Employability Skills
Communicate clearly, concisely and correctly in the written, spoken and visual form that fulfils the purpose and meets the needs of the audience.

Respond to written, spoken, or visual messages in a manner that ensures effective communication.

Use a variety of thinking skills to anticipate and solve problems.

Analyze, evaluate, and apply relevant information from a variety of sources.

Show respect for diverse opinions, values, belief systems, and contributions of others.

Interact with others in groups or teams in ways that contribute to effective working relationships and the achievement of goals.

Manage the use of time and other resources to complete projects.

Take responsibility for one's own actions, decisions, and consequences.

Academic Integrity
Seneca upholds a learning community that values academic integrity, honesty, fairness, trust, respect, responsibility and courage. These values enhance Seneca's commitment to deliver high-quality education and teaching excellence, while supporting a positive learning environment. Ensure that you are aware of Seneca's Academic Integrity Policy which can be found at: http://www.senecacollege.ca/about/policies/academic-integrity-policy.html Review section 2 of the policy for details regarding approaches to supporting integrity. Section 2.3 and Appendix B of the policy describe various sanctions that can be applied, if there is suspected academic misconduct (e.g., contract cheating, cheating, falsification, impersonation or plagiarism).

Please visit the Academic Integrity website http://open2.senecac.on.ca/sites/academic-integrity/for-students to understand and learn more about how to prepare and submit work so that it supports academic integrity, and to avoid academic misconduct.

Discrimination/Harassment
All students and employees have the right to study and work in an environment that is free from discrimination and/or harassment. Language or activities that defeat this objective violate the College Policy on Discrimination/Harassment and shall not be tolerated. Information and assistance are available from the Student Conduct Office at student.conduct@senecacollege.ca.

Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Accessibility Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.