Management and Economics of Innovation

Updated: 25 days ago
Deadline: 29 Sep 2020

1107256

Course
Management and Economics of Innovation

Faculty
Carmelo Cennamo (CC), Professor (mso)
Christoph Grimpe (CG), Professor
Karin Hoisl (KH), Professor
Paul Hünermund (PH), Assistant professor
Keld Laursen (KL), Professor
Johannes Luger (JL), Assistant Professor
Marion Pötz (MP), Associate Professor
Thomas Rønde (TR), Professor
Markus Simeth (MS), Assistant Professor
Valentina Tartari (VT), Associate Professor

Course coordinator
Christoph Grimpe (CG), Professor, cg.si@cbs.dk

Prerequisites
Basic knowledge of theories related to economics, management, technology, innovation, and organizations. It is a requirement for receiving the course diploma that the students attend the entire course.

Aim
The course aims to provide a set of advanced insights into the field of Management and Economics of Innovation spanning from foundational themes to the most recent developments of the field.

Course content
Both the competitiveness of firms and welfare in general depend on the ability to introduce innovative products, processes and services.
Interest in management of innovation has traditionally centered on firm-internal aspects of processes such as, for instance, how collaboration and interaction among specialized professionals take place in the creation of innovation; how to deal with unavoidable uncertainty involved; and the path dependency in skills and resources. In recent years, there has been a surge in interest among scholars and practitioners in methods that allow the firm systematically to source its inputs externally.
Innovation that originates from sources external to the firm has emerged as an important phenomenon and has been associated with labels such as open innovation, user innovation, crowd sourcing, and open source. These trends have also given rise to novel and so far immature research agendas that promise to enhance our understanding of the processes and sources of innovation in the years to come.
With respect to the economics of innovation the course will cover modern economic theories related to innovation and intellectual property rights. In that regard, the course will particularly cover licensing on markets for technology as well as networks and network effects.

Teaching style
Lectures, class discussion, exercises, student presentations, and a 4-hours written exam (all aids allowed).
In case of a new Covid-19 related lockdown, the teaching will take place online. Moreover, depending on who signs up for the course besides the PhD cohort at the Department of Strategy and Innovation, it is the intention to live-stream the sessions, so that remote participation will be possible.

Lecture plan

Teaching takes place during the fall semester 2020, on 16/09/2020, 17/09/2020, 18/09/2020, 28/09/2020 and 29/09/2020 for two times three hours each day. The exam will be on 12/10/2020.
Class  Date  Time  Topic  Teacher
1 16/09 9:00-12:00 Introduction to the management of innovation CG
2 16/09 13:00-16:00 Open innovation MP
3 17/09 9:00-12:00 Introduction to the economics of innovation TR
4 17/09 13:00-16:00 Platform-based innovation and innovation ecosystems CC
5 18/09 9:00-12:00 Networks, collaboration and alliances KL
6 18/09 13:00-16:00 Science, technology, and innovation policy evaluation PH
7 28/09 9:00-12:00 Appropriability, markets for technology and innovation strategy MS
8 28/09 13:00-16:00 Organizational learning JL
9 29/09 9:00-12:00 Employee mobility: theory and empirics KH
10 29/09 13:00-16:00 University-industry linkages VT


Learning objectives

o To acquire an understanding and overview of topics in the management and economics of innovation


o To be able to demonstrate knowledge of relevant theories by explaining their assumptions, causal dynamics and processes


o To be able to demonstrate knowledge of the conceptual foundations, frameworks and methods relevant to the study of innovation management and economics


Exam
Four-hour written exam: Monday, October 12, 2020, 9:00-13:00

Other

Start date
16/09/2020

End date
29/09/2020

Level
PhD

ECTS
5

Language
English

Course Literature
Session 1: Introduction to the management of innovation (CG)
Literature
o Anderson, P., & Tushman, M. L. 1990. Technological discontinuities and dominant designs: A cyclical model of technological change. Administrative Science Quarterly, 35 (4): 604-633.
o Dosi, G. 1982. Technological Paradigms and Technological Trajectories: A Suggested Interpretation of the Determinants and Directions of Technical Change. Research Policy, 11: 147-162.
o Henderson, R., & Clark, K. B. 1990. Architectural innovation: The reconfiguration of existing product technologies and the failure of established firms. Administrative Science Quarterly, 35 (1): 9-30.
o Pavitt, K. L. R. 1984. Sectoral patterns of technical change: towards a taxonomy and a theory. Research Policy, 13 (6): 343-373.
Session 2: Open approaches to innovation (MP)
Literature
o Dahlander, L., Gann, D.M. 2010. How open is innovation? Research Policy, 39(6): 699-709
o Felin, T., Zenger, R.R. 2014. Closed or open innovation? Problem solving and the governance choice. Research Policy, 43: 914-925.
o Gambardella, A., Raasch, C., von Hippel, E. 2016. The user innovation paradigm: impacts on markets and welfare. Management Science, 63(5): 1450-1468
o Laursen, K., Salter, A. J. 2006. Open for Innovation: The role of openness in explaining innovative performance among UK manufacturing firms. Strategic Management Journal, 27(2): 131-150.
Session 3: Introduction to the economics of innovation (THR)
Literature
o Scotchmer, S. (2004): Innovation and Incentives, Cambridge, Massachusetts: MIT Press, chapters 2, 4 and 6.
o Choi, J. P. 2002. A Dynamic Analysis of Licensing: The ‘‘Boomerang'’ Effect and Grant-Back Clauses, International Economic Review, 43: 1468-2354.
o Gallini, N. T. and B. D. Wright. 1990. Technology Transfer under Asymmetric Information, The RAND Journal of Economics, 21: 147-160.
Session 4: Platform-based innovation and innovation ecosystems (CC)
Literature
o To be confirmed
Session 5: Networks, collaboration and alliances (KL)
Literature
o Teece, D.J. 1986. Profiting from technological innovation: Implications for integration, collaboration, licensing, and public policy. Research Policy 15: 285-305.
o Mowery, D., Oxley, J., Silverman, B. 1996. Strategic Alliances and Interfirm Knowledge Transfers. Strategic Management Journal, 17 (Winter 96 special issue): 77-91.
Ahuja, G. 2000. Collaboration networks, structural holes and innovation: a longitudinal study, Administrative Science Quarterly, 45 (3): 425-455.
Session 6: Science, technology, and innovation policy evaluation (PH)
Literature
o To be confirmed
Session 7: Appropriability, markets for technology and innovation strategy (MS)
Literature
o Teece, D. 1986. Profiting from technological innovation: implications for integration, collaboration, licensing, and public policy. Research Policy, 15 (6): 285-305.
o Levin, R., Klevorick, A., Nelson, R. R., et al. 1987. Appropriating the Returns from Industrial Research and Development. Brookings Papers on Economic Activity (3): 783-820.
o Arora, A., Fosfuri, A., Gambardella, A. 2001. Markets for Technology and their Implications for Corporate Strategy. Industrial and Corporate Change, 10 (2): 419-451.
o Marx, M., Strumsky, D., Fleming, L., 2009. Mobility, skills, and the Michigan non-compete experiment. Management Science 55(6), 875-889.
Session 8: Organizational learning (JL)
Literature
o To be confirmed
Session 9: Employee mobility: theory and empirics (KH)
Literature
o Marx, M., Strumsky, D., Fleming, L. (2009). Mobility, skills, and the Michigan non-compete experiment. Management Science, 55(6), 875-889.
o Groysberg, B., Lee, L. E. (2009). Hiring stars and their colleagues: Exploration and exploitation in professional service firms. Organization Science, 20(4), 740-758.
o Mawdsley, J. K., Somaya, D. (2016). Employee mobility and organizational outcomes: An integrative conceptual framework and research agenda. Journal of Management, 42(1), 85-113.
Session 10: University-industry linkages (VT)
Background literature:
o Stephan, P. 1996. The Economics of Science, Journal of Economic Literature, 34(3): 1199-1235.
o Aghion, P., Dewatripont, M., Stein, J.C. 2008. Academic Freedom, Private-Sector Focus, and the Process of Innovation, The RAND Journal of Economics, 39(3): 617-635.
Literature
o Pavitt, K. 1991. What Makes Basic Research Economically Useful? Research Policy, 20: 109-119.
o Jaffe, A. 1989. Real Effects of Academic Research. American Economic Review, 79(5): 957-970.
Revideret den 1. februar 2012
o Agrawal, A., & Henderson, R. 2002. Putting Patents in Context: Exploring Knowledge Transfer from MIT. Management Science, 48(1), 44-60.
o Bercovitz, J., Feldman, M. 2008. Academic Entrepreneurs: Organizational Change at the Individual Level, Organization Science, 19(1): 69-89.

Fee
DKK 6.500,- (no meals or materials included)

Minimum number of participants

Maximum number of participants
0

Location
Copenhagen Business School
Kilen
Kilevej 14
2000 Frederiksberg
Room:
16 - 18 September room KL2.53
28 September room KL 2.53
29. September room KL 4.74

Contact information
PhD Support
Nina Iversen
ni.research@cbs.dk
+45 3815 2475

Registration deadline
20/08/2020

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