Innovation and Technological Change

Universidad Carlos III de Madrid

Course Description

  • Course Name

    Innovation and Technological Change

  • Host University

    Universidad Carlos III de Madrid

  • Location

    Madrid, Spain

  • Area of Study

    Business Administration, Computer Science, Economics, Management, Marketing

  • Language Level

    Taught In English

  • Course Level Recommendations


    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • ECTS Credits

  • Recommended U.S. Semester Credits
  • Recommended U.S. Quarter Units
  • Overview

    This subject aims that the students acquire the necessary competences to be able to manage innovation and technology to enhance firm performance, from a strategic perspective.

    1. Innovation: definition and basic concepts.
    2. An historic perspective.
    3. Sources of innovation.
    4. Technology evolution.
    5. Technology adoption and diffusion.
    6. Technological standards.
    7. Appropriability of innovation: legal mechanisms.
    8. Appropriability of innovation: legal mechanisms.
    9. Cooperation modes.
    10. Organizational implications for the management of innovation.
    11. Financing of innovation.

    Every week there will be a theory session (in a large group) and a practical session (in a small group). Theory sessions will provide the students with the essential concepts of the course. Practical sessions will be devoted to dicuss exercises and cases where the students will apply the concepts previously seen
    in the theoretical class.

    Evaluation of students will be based on three components: (1) Exams. There will be one partial exam which will take place during the term, and a final exam which will take place at the end of the term; (2) Teamwork on a final project; and (3) Homework. The weight of each component will be as follows:

    - Partial exam: 20%
    - Final exam: 55%
    - Teamwork: 15%
    - Homework: 10%

    In order to compute the weighted average, the student must obtain at least 4 points over 10 in the final exam. Otherwise, the student will not pass.

    % end-of-term-examination: 55
    % of continuous assessment (assigments, laboratory, practicals?): 45

    - Shane, Scott. Technology Strategy for Managers and Entrepreneurs., Pearson., 2009
    - Schilling, Melissa Strategic Management of Technological Innovation, McGraw Hill, 2010

    - Narayanan, V. K. Managing Technology and Innovation for Competitive Advantage., Prentice Hall. .

Course Disclaimer

Please note that there are no beginning level Spanish courses offered in this program.

Courses and course hours of instruction are subject to change.

Eligibility for courses may be subject to a placement exam and/or pre-requisites.

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.

ECTS (European Credit Transfer and Accumulation System) credits are converted to semester credits/quarter units differently among U.S. universities. Students should confirm the conversion scale used at their home university when determining credit transfer.

Please reference fall and spring course lists as not all courses are taught during both semesters.

Availability of courses is based on enrollment numbers. All students should seek pre-approval for alternate courses in the event of last minute class cancellations

Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.


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