Innovation Management

LLSMS2040  2019-2020  Louvain-la-Neuve

Innovation Management
5.0 crédits
30.0 h


This course is reserved for students with a bachelor's degree in business engineering or students with equivalent quantitative method skills.


The objective of this class is to introduce the main concepts, models and issues of innovation management and their implications, in particular regarding new ventures.

We address in particular some key implications of innovation management regarding opportunity identification, assessment and implementation.

1. Build a shared vision of innovation

1.2. Innovation as a business: more than creativity

1.3. Innovation as a process: beyond ideation

1.4. Innovation typology

2. Manage entrepreneurial ecosystems (out of scope – see LSMS 2043)

3. Identify attractive innovation opportunities

3.1. Identify the sources of innovations – beyond R&D

3.2. Foster organizational learning – beyond ideation

3.3. Harvest and protect organizational knowledge assets (see also LSMS 2041 and LSMF2011)

3.4. Integrate external sources of knowledge

4. Develop a balanced portfolio of business models

4.1. Business model design – asking the right questions

4.2. Designing competitive business models – why and what

4.3. Mobilizing the right resources – who and how much

4.4. Valuating innovative business models – quantifying the unquantifiable

4.5. Building a consistent and balanced innovation portfolio

5. Implementation: fail fast and win big

5.1. Nimble execution: learn cheaply and adapt quickly

5.2. Lean development - more brain, less storming

5.3. Smart money - funding innovation projects (out of scope – see LSMS 2043)

Méthodes d'enseignement

The pedagogical methods used include lectures, case study and testimonials, pre-readings  and student presentations

Modes d'évaluation
des acquis des étudiants

Continuous evaluation

  • See LSMS 2042

Evaluation week

  • Oral: No
  • Written: No
  • Unavailability or comments: No

Examination session (January)

  • Oral: 3 Students/hour
  • Written: No
  • Unavailability or comments: Teacher-run schedule

Comments: Compulsory attendance for group workshops and corporate testimonials

Students who fail the January exam can have a second chance in September (oral exam or written work if student is abroad)

Autres infos

This class is coupled with LSMS 2042 Developing Innovative Ventures

en ligne
Navigating Innovation App on iOS and Android
Class presentations available on Moodle
  • Class presentations available on Moodle
  • Class presentations available on Moodle

Reference book: Navigating Innovation (Palgrave, 2018)

Recommended readings:

  • Tidd J., Bessant D. (2018) Managing Innovation: Integrating Technological, Market and Organizational Change, 6th Edition, Wiley
  • Berkun, S (2007) The myths of innovation, O¿Reilly
  • Schilling M.A. (2006) Strategic Management of Technological Innovation, McGraw-Hill
  • Robertson, D. (2014) Brick by brick: How Lego rewrote the rules of innovation, RH
Faculté ou entité
en charge

Programmes / formations proposant cette unité d'enseignement (UE)

Intitulé du programme
Master [120] : ingénieur de gestion

Master [120] : ingénieur de gestion