units

MBA5540

Faculty of Business and Economics

18 September 2017 22 November 2024
Monash University

Postgraduate - Unit

This unit entry is for students who completed this unit in 2015 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

print version

6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

LevelPostgraduate
FacultyFaculty of Business and Economics
OfferedCaulfield Trimester 3 2015 (On-campus block of classes)
Coordinator(s)Professor Ian McLoughlin

Synopsis

The aim of this unit is to equip students with the knowledge to understand and the capacity to manage innovation at the operational and strategic levels. Innovation drives sustainable competitive advantage in organizations. It requires integration of multiple organizational functions but particularly those that impact product and process development. The operations function, in particular, provides a key focus for innovation that is both economically and technologically sound. Modern innovation for competitive advantage reaches beyond organizational boundaries into the realm of customer, supplier and third party integration. Innovation through supply chain integration increasingly occurs at both the product and the process level. The objective of this unit is to examine the foundations of innovation in product and process for the organization and its supply chain. It explores innovation at the design, process and system level that is both user-led and technology-led. It explores concepts that include the nature of innovation and what drives it, new frontiers of innovation in operations and supply chains and future frontiers in social and environmental innovation.

Outcomes

The learning goals associated with this unit are to:

  1. understand the process for managing innovation at the operational and strategic level, specifically by recognising the relationship between markets, technological change and organisational change
  2. understand how innovation in products and processes contribute to competitive advantage in both operations and the supply chain and the effectiveness of other forms of organisation
  3. explore the innovation process and in particular the contributions of both user-led and technology-led innovation as well as knowledge management around these
  4. analyse the process of innovation across a range of organisational, operational, technological and market settings and examples
  5. expand the concept of innovation to include future frontiers such as social and environmental innovation for sustainable competitive advantage
  6. develop capabilities to be future generators of sustainable economic, social and environmental value for business.

Assessment

Within semester assessment: 50%
Examination: 50%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

See also Unit timetable information

Chief examiner(s)

Professor Ian McLoughlin

Co-requisites

Students must be enrolled in one of the following courses to undertake this unit: 3183, 3184, 3185, 3189, 3190, 3191, 3195, 3196, 3197, 3198, 3837, 3839, 3849 or 0028