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Innovation in Business

Course developer

Prior knowledge

VadZ4010, Management

VadZ4027, Entrepreneurship

Course abstract

The course is designed to provide students with an understanding of creativity and innovation in business and the substance, kinds and processes of innovation. Students gain theoretical knowledge of and practical skills in implementing innovations in an enterprise, assessing the innovations and designing an innovation strategy.

Learning outcomes and their assessment

1. Know and understand the theoretical and empirical aspects of business innovation, content and processes, the role of innovation in business development - Test, practical assignments.
2. Knows and understands the importance of the innovation infrastructure and the opportunities it offers for company development - Review of the Training tour.
3. Knowledge of the skills and skills needed by the driver in driving the company's innovation - Test, practical work.
4. Is able to integrate ideas and take decisions in the creation of innovation - Working in Groups, Discussions, practical assignments, modelling the situation.
5. Is able to choose and successfully apply the methods of managing creativity and innovation - Working in Groups, Discussions, practical assignments, situational modelling.
6. Capable of developing the original prototype of the product, performing its first-time testing, analysing the results - Independent work.
7. Are able to plan the tasks assigned responsibly, make reasoned and reasonable conclusions - practical assignments, independent work.
8. Is able to present the outcome of own-initiative work - Presenting independent work.
9. Is able to independently develop and justify ideas for innovation in business - Practical assignments

10. Is able to choose and apply innovation management skills to a particular situation in the business - Examination.

Course Content(Calendar)

1. Introduction. Basic concepts, nature and historical aspects: creativity, creativity, innovation, innovation, innovation. (Lectur-1 hour)
2. Creativity. (Practical- 3 hours)
3. Creativity and innovation. (Lectur-1 hour, practical- 4 hours)
4. Test (Practical- 2 hours)
5. Nature, characteristics and theory of innovation. (Lectur-1 hour)
6. Innovation management in Latvian business. (Lectur-1 hour)
7. The role of innovation in business. (Lectur-1 hour)
8. Innovation infrastructure. (Lectur-1 hour, practical- 2 hours)
9. Business as a commercialization process for innovation. (Lectur-1 hour, practical- 10 hours)
10. The importance and building of an innovation strategy within the company. (Lectur-1 hour)
11. Financial support for innovative business, its challenges and solutions. (Lectur-1 hour, practical- 1 hour)
12. Test (Practical- 2 hours)
13. Presenting Independent work (practical-2 hours)

Examination-all thems about (in session)

Requirements for awarding credit points

Exam:The mark consist of:
• Test 1 (15%);
• Test 2 (15%);
• Practical assignments (10%);
• Independent work (20%);
• Examination about all themas (40%).
10% are equal to one point on a 10-point marking scale.

A mark of at least 4 has to be acquired in the practical works, seminar, test must be credited positive.

Description of the organization and tasks of students’ independent work

Material studies on innovation in business.
Preparation and presentation of independent work.

Preparing for the exam.

Criteria for Evaluating Learning Outcomes

Exam mark is as accumulating mark of all course marks.

Compulsory reading

1. Ābeltiņa, A. Inovācija – XXI gadsimta fenomens. Rīga: BAT, 2008. 152 lpp.
2. Eiders Dž. Līderība un inovācija: kā veidot radošumu komandā un gūt idejas. Rīga: Lietišķās informācijas dienests, 2007. 126 lpp.
3. Iedvesma inovācijai: ceļvedis inovācijas popularizēšanai. Autoru kolektīvs. Rīga: Latvijas Tehnoloģiskais centrs, 2008. 127 lpp.
4. Inovatīvās darbības pamatelementi: rokasgrāmata maziem un vidējiem uzņēmumiem. Otrais papildinātais izdevums. Rīga: Latvijas Investīciju un attīstības aģentūra, 2005. 276 lpp.
5. Boļšakovs S. Inovatīvā darbība Latvijā. Rīga: Jumava, 2008. 323 lpp.
6. Iedvesma inovācijai. Autoru kolektīvs. Rīga: Lietišķās informācijas dienests, 2008. 203 lpp. „Harvard Business Review” grāmatu sērija.
7. Dimza V. Inovācijas pasaulē, Eiropā, Latvijā. Rīga: LZA EI, 2003. 206 lpp.
8. Vedļa A. Inovatīvās darbības organizācija. Rīga: Petrovskis un Ko, 2007. 195 lpp.

9. Zinātne, pētniecība un inovācija Latvijas izaugsmei. Zin. red. E. Grēns. Rīga: Zinātne, 2007. 250 lpp.

Further reading

1. Inovācijas: sarunas ar pasaules biznesa līderiem. Tulkoj. A.Orupe. Rīga: Lietišķās informācijas dienests, 2009. 112 lpp.
2. Kalve I. Apseglot pārmaiņu vējus. Stratēģiskā un pārmaiņu vadība. Rīga: Biznesa augstskola Turība, 2005. 293 lpp.
3. Kim Ch., Mauborgne R. Zilā okeāna stratēģija. Kā izveidot tirgus telpu bez sāncensības un padarīt konkurenci nebūtisku. Rīga: Lietišķās informācijas dienests, 2007.
4. Pārmaiņas. Tulkojums no angļu val. Rīga: Lietišķās informācijas dienests, 2009. 104 lpp. «Lessons Learned» grāmatu sērija.
5. Uzsākt biznesu. Tulkojums no angļu val. Rīga: Lietišķās informācijas dienests, 2009. 104 lpp. «Lessons Learned» grāmatu sērija.
6. Vasermanis E., Šķiltere D. Tavs ceļš uz bagātību. Biznesspēles. Rīga: Vaidelote, 1998. 110 lpp.

7. Caune J., Dzedons A., Pētersons L. Stratēģiskā vadīšana. Rīga: Kamene, 2001. 232 lpp.

Notes

Ierobežotās izvēles kurss (B daļa), akadēmiskā bakalaura studiju programmai „Ekonomika” specializācijas virzienam „Biznesa procesu vadība”