Increasingly companies are confronted with the challenge to efficiently exploit their existing business while at the same time constantly explore new business opportunities, respond to continuous shifts in the external business environment and transform their business accordingly. For this reason, strategic innovation and business transformation have become daily requirements.
In order to bring these requirements down to earth for specific companies, future managers need to master knowledge on, at least, two complementary dimensions of strategic innovation and business transformation. These are the strategic dimension and the organisational dimension.
The strategic dimension contemplates the ability to analyse and understand the nature of external change, particularly in relationship to potential sources of disruption, the ability to conduct business model analysis and think strategically about business model innovation as well as ability to sense, assess, prioritise and seize novel opportunities for transformation. The organisational dimension is important in that, in the real world, these capabilities need to work within the confines of an organisation. State of the art research has variously confirmed that the challenges come in that one cannot manage for newness and innovation, for which there is a lot of uncertainty, in the same way in which one manages the existing business, for which there is a lot of knowledge available.
Any decision based on strategic- and organisational dimensions should be driven by relevant business data/insight, allowing management to make informed, qualified decisions. Building on these premises, this module aims at offering participants the knowledge necessary for managing strategic innovation and business transformation rigorously and diligently. It also guides participants to learn how to base their decisions on relevant data and information, as business recommendations are often based on hard facts.
In order to achieve these goals, this module is based on a combination of lectures, business case studies, simulation tools and supervised group work focusing on the application of the main theories and tools.
The objective is that the student after the module possesses the necessary knowledge on:
The objective is that the student after the module possesses the necessary skills in:
The objective is that the student after the module possesses the necessary competences in:
For information see § 17.
|Name of exam||Strategic Innovation and Business Transformation|
|Type of exam|
Oral exam based on a projectGroup examination with max. 5 students.
|Assessment||7-point grading scale|
|Type of grading||Internal examination|
|Criteria of assessment||The criteria of assessment are stated in the Examination Policies and Procedures|
|Danish title||Strategisk innovation og forretningstransformation|
|Language of instruction||Danish and English|
|Location of the lecture||Campus Aalborg|
|Responsible for the module|
|Study Board||Study Board of Economics and Business Administration|
|Department||Aalborg University Business School|
|Faculty||Faculty of Social Sciences and Humanities|