Course Title: Open Innovation

Part A: Course Overview

Course Title: Open Innovation

Credit Points: 12.00

Terms

Course Code	Campus	Career	School	Learning Mode	Teaching Period(s)
BUSM2615	City Campus	Undergraduate	630H Management	Face-to-Face	Sem 2 2023, Sem 2 2024
BUSM2619	RMIT University Vietnam	Undergraduate	630H Management	Face-to-Face	Viet1 2024, Viet3 2024

Course Coordinator: Dr Justyna Dabrowska

Course Coordinator Phone: +61 3 9925 8836

Course Coordinator Email: justyna.dabrowska@rmit.edu.au

Course Coordinator Location: B080 F09 R019-3

Course Coordinator Availability: Appointment via email

Pre-requisite Courses and Assumed Knowledge and Capabilities

None

Course Description

Open innovation has become the new imperative for the 21st Century and is considered as one of the main paradigms in innovation management. Various companies worldwide have already championed open innovation principles by integrating it with the strategy.

This course will equip you with contemporary knowledge and understanding of open innovation (i.e., how to successfully manage and leverage external knowledge through various mechanisms, including crowdsourcing, corporate- start up collaboration, value networks, partnerships & ecosystems, and create sustainable business models). It will also provide you with the skills and tools necessary to create and manage strategies for open innovation by exploring best practice studies on open innovation in various industries and perspectives, various tools to integrate external knowledge and cross-industry innovation, opportunities and challenges when strategically implementing open innovation.

Objectives/Learning Outcomes/Capability Development

.

Upon successful completion of this course, you will be able to:

CLO1: Apply broad theoretical, technical and practical knowledge of open innovation and its impact on contemporary business environments.

CLO2: Evaluate and present information on the different modes of open innovation (inbound, outbound and coupled) in various business contexts.

CLO3: Critically analyse open innovation activities in authentic contexts and provide advice on effective implementation including the motives, opportunities and challenges for engaging in collaborative innovation, and mechanisms through which they create value for different stakeholders.

CLO4: Critically reflect on your progress in developing open innovation mindset and ability to work in cross-cultural, inter-sectoral and inter-disciplinary collaborative teams and projects.

Overview of Learning Activities

In this course you are encouraged to be an active learner. Your learning will be supported through various learning activities. 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.

RMIT Library provides extensive resources, services and study spaces. You have access to scholarly resources including course related material, books, e-books, journals and databases.

Computers and printers are available at every Library. You can access the Internet and Library e-resources. You can also access the RMIT University wireless network in the Library.   

Contact: Ask the Library for assistance and information on Library resources and services: http://www.rmit.edu.au/library. Study support is available for assistance with assignment preparation, academic writing, information literacy, referencing, maths and study skills.  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

The assessment tasks, their weighting and the course learning outcomes to which they are aligned are as follows.

Assessment Task 1: 20%

Linked CLOs: 1, 2

Assessment Task 2: 40%

Linked CLOs: 1, 2, 3

Assessment Task 3: 40%

Linked CLOs: 1, 2, 3, 4

Feedback will be provided throughout the semester in class and/or in online forums through individual and group feedback on progress, outcomes and approaches, and by individual consultation.