Faculty of Business and Economics

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This unit entry is for students who completed this unit in 2016 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.

Monash University

6 points, SCA Band 3, 0.125 EFTSL

Postgraduate - Unit

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


Business and Economics

Organisational Unit

MBA Program


Professor Ian McLoughlin



  • MBA Teaching Period 5 2016 (On-campus block of classes)


Innovation drives sustainable competitive advantage in organisations. The aim of this unit is to equip students with the knowledge to understand and manage innovation. The unit requires integration of multiple organisational functions but particularly those that impact product and process development. The objective of this unit is to examine the foundations of innovation in product and process for the organisation and its supply chain. It explores innovation at the design, process and system level that is both user-led and technology-led.


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
  3. explore the innovation process both user-led and technology-led innovation as well as knowledge management around these
  4. analyse the process of innovation managing across a range of organisational settings and examples
  5. expand the concept of managing innovation for sustainable competitive advantage
  6. develop capabilities to be future generators of sustainable economic, social and environmental value for business.


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)


Students must be enrolled in 0028 or 4437 to undertake this unit.