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Course title Management of Innovation
Course code Ekon2108
Credit points (ECTS) 3
Total Hours in Course 81
Number of hours for lectures 16
Number of hours for seminars and practical classes 16
Independent study hours 49
Date of course confirmation 29/10/2018
Responsible Unit Institute of Economics and Finance
 
Course developers
Dr. oec., asoc. prof. Kaspars Naglis-Liepa
MBA, pasn. Elīza Līga Līdaka

Prior knowledge
Ekon1012, Microeconomics
Ekon1024, Microeconomics
Ekon2109, Macroeconomics
Ekon2121, Macroeconomics
Ekon2130, Theory of Economics
Course abstract
The course is designed to acquire knowledge and understanding of innovation, the role of innovation in the national economy and the opportunities provided by innovation in a globalising world and in an increasingly competitive environment. Based on international experience, the course analyses the national innovation system of Latvia and available support for innovative entrepreneurship. The course focuses on forming a creative environment in an enterprise and assessing commercialisable ideas, and students are also familiarised with the basic principles of innovation strategies.
Learning outcomes and their assessment
Students will be able to demonstrate:
Knowledge:
of the nature and kinds of innovation, the structure of an innovation ecosystem and the role of constituent elements of it (discussions in classes, seminars); the role of innovation in the context of economic science, the knowledge of basic innovation economics theories and the role of innovation in economic growth (test); the role of creativity in shaping an innovative environment and different strategic approaches to designing, positioning and developing an innovative product as well as the knowledge of effective government support instruments (discussions in classes, seminars); prerequisites for, constraints on and consequences of innovation management and the understanding of the most important innovation strategies for maintaining competitiveness (test).
Skills:
to recognise and create original commercialisable ideas, analyse the prerequisites for their commercialisation, design products and assess their competitiveness (discussions in classes); argue different strategies for managing internal environment factors affecting an enterprise that are impacted by the Kondratieff cycle (discussions in classes); describe and analyse the different (knowledge-/natural resource-based) approaches applied by some countries (discussions in classes);
Competence:
to integrate the findings of innovation management into the existing belief system and use them to come up with original solutions (discussions, tests); use measures stimulating creativity and building up knowledge for self-development and the development of an enterprise (discussions, independent work).
Course Content(Calendar)
Full-time On-site Studies:
1.The Concept, Essence, and Characteristics of Innovation (1-hour lecture).
2.The Role of Innovation in Economic Growth Theories (1-hour lecture).
3.International Experience in Building a Knowledge-Based Economy (1-hour lecture, 1-hour practical work).
4.Economic Transitions: From Resource-Based to Knowledge-Based Economy (1-hour lecture, 1-hour practical work).
5.National Innovation System. Innovation Ecosystem (1-hour lecture, 1-hour practical work).
6.Analysis of Structural Components of the National Innovation System. Innovation Ecosystem (1-hour lecture).
First Test (1 hour).
7.Economic Aspects of Innovation in Entrepreneurship (1-hour lecture, 1-hour practical work).
8.Financial Aspects of Innovation (1-hour lecture, 1-hour practical work).
9.Innovation Marketing (1-hour lecture, 1-hour practical work).
10.Types and Policies of Innovation Support (1-hour lecture, 1-hour practical work).
Excursion to LIAA Representative Office in Jelgava and TEPEK (2 hours).
11.Innovation Management Strategies (1-hour lecture, 1-hour practical work).
12.Creating an Innovative Environment in a Company (1-hour lecture, 1-hour practical work).
13.Legal Aspects of Innovation – From Idea to Market (1-hour lecture, 1-hour practical work).
14.Innovation Protection and Knowledge Platform Development (1-hour lecture, 1-hour practical work).
15.Strategy for Implementing Technological Innovations (2-hour lecture, 1-hour practical work).
Second Test (1 hour).

Part-time Distance Studies: All topics covered in full-time on-site studies are included, but the number of contact hours is reduced to half of the specified hours.
Requirements for awarding credit points
Written Exam.
Description of the organization and tasks of students’ independent work
In the independent work, students have to examine some innovation, describing it according to a plan (familiarised with in advance) and presented (usually PPT) to other students; in conclusion, there are questions and discussion.
Criteria for Evaluating Learning Outcomes
Assessment Criteria:
First test – 15 points
Second test - 15 points
Independent Work - 10 points
Class Activity – 20 points
Final Exam (covering all topics) – 40 points
Grading System: 10 points correspond to 1 grade on a 10-point academic grading scale.
Compulsory reading
1.Niedrītis J.Ē. Meklējiet un jūs atradīsiet. Latvijas Izglītības fonds, Rīga, 2019, 235lpp.
2.Polzin F. Addressing Barriers to Low-Carbon Innovation. Internationaler Verlag der Wissenshaften, Franfurt am Main, 2015, p. 193
3.Inovatīvas darbības pamatelementi: rokasgrāmata maziem un vidējiem uzņēmumiem, otrais papildinātais izdevums, LR Ekonomikas ministrija, Rīga, 2007, 276 lpp.
4.Rivža, B. u.c. Simtam pāri. Viedā Latvija. VPP EKOSOC-LV. Zinātņu akadēmija, Rīga, 2018., 416 lpp.
5.Furseth P. I. Innovation in an advanced consumer society. Oxford University Press. USA, p. 190 6.Pigneur Y., Osterwalder A., Bernarda G., Smith A. Value Proposition Design. John Wiley & Sons, 2014, p. 293
Further reading
1.Oganisjana K., Grīnberga-Zālīte G., Surikova S., Kozlovskis K., Līcīte L., Laizāns T., Monge-Iriarte N., Koķe T., Jereščenkova L., Eremina Y., Gvatua S., Kabwende B. N., Chukwu O. J. Sociālā inovācija: izaicinājumi un risinājumi Latvijā. Zinātniska monogrāfija. RTU Izdevniecība, Rīga, 2019, 148 lpp 2.Rivža B. (red.) Latvijas spēks ilgi pastāvēt : kolektīvā zinātniskā monogrāfija. Rīga: Latvijas Zinātņu akadēmija, 2022, 479 lpp.
Periodicals and other sources
1.Valsts platforma biznesa attīstībai. Pieejams: www.business.gov.lv
2.Latvijas investīciju un attīstības aģentūra. Pieejams: www.liaa.gov.lv
3.Eiropas biznesa atbalsta tīkls. Pieejams: www.een.lv
4.Aktualitātes inovācijās, tehnoloģijās, zinātnē, pētniecībā un uzņēmējdarbībā. Pieejams: www.labsoflatvia.com
5.Dizana domāšana. Pieejams: www.startdesign.lv 6.Pakalpojumu dizaina metodes. Pieejams: www.thisisservicedesigndoing.com/methods
Notes
Professional specialisation study course for the ESAF professional bachelor's study programme "Business and Enterprise Management".
LPTF professional bachelor study programme "Catering and Hotel Management".