COURSE UNIT TITLE

: INNOVATION & NEW PRODUCT DEVELOPMENT

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
MRK 4248 INNOVATION & NEW PRODUCT DEVELOPMENT ELECTIVE 3 0 0 5

Offered By

BUSINESS ADMINISTRATION

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

ASISTANT PROFESSOR BANU ATREK

Offered to

BUSINESS ADMINISTRATION

Course Objective

The objective of this course is to provide students with the knowledge to understand how to manage innovation and how to use state-of-the-art management techniques to identify markets, develop new product ideas, and design profitable new products.

Learning Outcomes of the Course Unit

1   Recognise the importance of innovation in operations management
2   Provide an understanding of the new product development process
3   Improve oral and written communication skills through class discussions and presentations
4   Work effectively as part of a team participating and interacting in the group in a productive manner for him/herself and for the group as a whole

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Introduction & Innovation as a core business process
2 Innovation and operations management
3 Innovation networks and Building Innovation
4 Sources of Innovation (Topic presentation; group work)
5 Service Innovation (Topic presentation; group work)
6 New Product Development Process (1) Idea Generation and Concept Testing (Topic presentation; group work)
7 New Product Development Process (2) Screening, Product use Testing, Market Testing (Topic presentation; group work)
8 New Product Development Process (3) Financial Evaluation and Commercialization (Topic presentation; group work)
9 Packaging and product development (Topic presentation; group work)
10 Product and brand strategy in new product development (Topic presentation; group work)
11 Term Project Presentations
12 Term Project Presentations

Recomended or Required Reading

Trott Paul, (2008), Innovation Management and New Product Development, Fourth Edition, Pearson Education LTD: England

Tidd, J. and Bessant (2009), Managing Innovation, Fourth Edition, John Wiley & Sons Inc: USA

Crawford, Merle C., (1991), New Products Management, Third Edition, Irwin, INC: USA

Planned Learning Activities and Teaching Methods

1. Lectures
2. Group Work
3. Presentations

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 TP TermProject
2 ASS Assignment
3 FCG FINAL COURSE GRADE TP * 0.58 + ASS * 0.42

Further Notes About Assessment Methods

None

Assessment Criteria

1. The learner will clearly demonstrate knowledge and understanding of facts, terms, and concepts related to innovation and new product development in topic presentations and reports.
2. The assessment of topic presentations will be done according to the level of the structured preparation and the professional manner of the presentations.
3. For term projects, the students in groups of four will develop a new product. The process of new product development should be executed according to the topics covered during the topic presentations. Students will also make a 20-minute presentation of their group projects in class. All reports should be typed with a maximum of 15 pages (1.5 line-spacing, 11 or 12 pt. font size).

Language of Instruction

English

Course Policies and Rules

1. Attending at least 70 percent of lectures is mandatory.
2. Plagiarism of any type will result in disciplinary action.
3. Students are expected to participate actively in class discussions.
4. Students are expected to attend to classes on time.

Contact Details for the Lecturer(s)

To be announced.

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 12 3 36
Preparation for term project 1 45 45
Preparation for topic presentations 1 5 5
Preparation for topic report 1 30 30
Preparation for term project presentation 1 5 5
TOTAL WORKLOAD (hours) 121

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10PO.11PO.12PO.13PO.14PO.15
LO.15545
LO.25554545
LO.3554555
LO.45455