Strategic Innovation and Business Transformation

2023/2024

Content, progress and pedagogy of the module

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.

Learning objectives

Knowledge

The objective is that the student after the module possesses the necessary knowledge on:

  • the governing ideas, concepts and templates related to the different aspects of organising for innovation, including, but not limiting to, organisational structure, organisational processes, key metrics, performance indicators and reward systems and can reflect upon those on a scientific basis
  • key theoretical approaches to business model innovation, strategic business renewal, agility and distruption with focus on different strategic implications of disruptive technologies vs. disruptive business models, including those catalysed by advances in digital technologies.
  • key methods and processes for innovation and business design.

Skills

The objective is that the student after the module possesses the necessary skills in:

  • identifying, understanding and analysing appropriate data to devise a strategic plan for business transformations.
  • arguing both theoretically and practically about for the strategic aspects of change and transformation.
  • selecting and applying relevant methods and tools to organise for innovation and transformation.

Competences

The objective is that the student after the module possesses the necessary competences in:

  • applying relevant knowledge and skills in strategic innovation and business transformation to generalise and create an understanding of central challenges within this field both theoretically and pragmatically. 
  • independently conducting ongoing analyses and setting recommendations for strategic management of innovation and business transformation to deal with real world challenges.
  • translating the knowledge and abilities into actionable insight in order to be part of processes related to strategic innovation and business transformation on an academic, interdisciplinary and professional basis.

Type of instruction

For information see § 17.

Exam

Exams

Name of examStrategic Innovation and Business Transformation
Type of exam
Oral exam based on a project
Group examination with max. 5 students.
ECTS15
Assessment7-point grading scale
Type of gradingInternal examination
Criteria of assessmentThe criteria of assessment are stated in the Examination Policies and Procedures

Facts about the module

Danish titleStrategisk innovation og forretningstransformation
Module codeKAORS20224
Module typeProject
Duration1 semester
SemesterSpring
ECTS15
Language of instructionDanish and English
Location of the lectureCampus Aalborg
Responsible for the module

Organisation

Study BoardStudy Board of Economics and Business Administration
DepartmentAalborg University Business School
FacultyFaculty of Social Sciences and Humanities