Faculty of Business and Economics

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.

FacultyFaculty of Business and Economics
Organisational UnitDepartment of Management
OfferedNot offered in 2015
Coordinator(s)Dr Ananya Bhattacharya


This unit looks at innovation as a managerial process. It provides methodologies for setting up and managing innovation within teams, departments and organisation wide.
Topics cover: sources of innovation; collaboration and cooperation in innovation; types of innovation networks: social, sartorial, regional, national and global; the strategies and stages of creative innovation, translating knowledge into innovation; methods of selecting and rejecting innovation including the stage gate process; mapping technological change and opportunity; managing an innovative culture and the diffusion of innovation, exploiting intellectual property; the role of discontinuous innovation, and innovation for growth and sustainability in domestic and international markets.


The learning goals associated with this unit are to:

  1. develop strategies for managing innovation and its commercialisation
  2. design an appropriate process for screening a new product service idea through to introduction
  3. define criteria for the sustainability of innovations
  4. describe the impact of networks and role of networking on managing the innovation process.


Within Semester Assessment: 100%

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)