Course Title: Product Innovation and Digital Business Strategy
Part A: Course Overview
Course Title: Product Innovation and Digital Business Strategy
Credit Points: 12.00
Course Coordinator: Kevin Argus
Course Coordinator Phone: +613 9925 1457
Course Coordinator Email: Kevin.Argus@rmit.edu.au
Course Coordinator Location: Melbourne
Pre-requisite Courses and Assumed Knowledge and Capabilities
None
Course Description
This course aims to empower students to confidently conceive, lead, and execute digital innovation initiatives, as well as develop new business models for both existing and emerging businesses.
You will develop proficiency in digital business strategy by analysing the commercial and customer aspects of product innovation in a competitive market. The course guides you in acquiring essential elements of product innovation and development, establishing a digital vision, setting objectives, and analysing key factors driving digital innovation in modern settings. Additionally, you will assess the practical applicability of digital technology based on relevant literature.
The course also provides exposure to the latest innovation tools, platforms, operating models, and product development strategies used by leading global digital corporations. Overall, it will provide you with a foundation to lead creative and diverse teams, fostering the development of inclusive and innovative products that contribute to organisational success and performance in the marketplace.
Objectives/Learning Outcomes/Capability Development
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Upon successful completion of this course, you will be able to:
CLO1: Critically evaluate the commercial and customer drivers of product innovation including opportunities and challenges that facilitate inclusive growth
CLO2: Design a digital product and assess the key risks, and adoption success factors
CLO3: Evaluate the real-world applicability of digital technology based on the analysis of relevant literature on product innovation and digital strategy.
CLO4: Communicate how the application of innovation tools, operating models and product innovation strategies drive organisational performance.
Overview of Learning Activities
In this course you will be encouraged to be an active learner. Your learning will be supported through various in-class and online activities comprising individual and group work. These may include quizzes; assignments; prescribed readings; sourcing, researching and analysing specific information; solving problems; conducting presentations; producing written work and collaborating with peers on set tasks or projects.
Overview of Learning Resources
Various learning resources are available online through MyRMIT Studies\Canvas. The lecture notes and workshop notes are posted on Canvas.
Resources are also available online through RMIT Library databases and other facilities. Visit the RMIT library website for further details. Assistance is available online via our chat and email services, face to face at our campus libraries or via the telephone on (03) 9925 2020.
Additional resources and/or sources to assist your learning will be identified by your course coordinator and will be made available to you as required during the teaching period.
Overview of Assessment
Assessment 1: 30%
Linked CLOs: 1,4
Assessment 2: 30%
Linked CLOs: 2,3,4
Assessment 3: 40%
Linked CLOs: 3,4