Undergraduate GRF-IBA313-2023

Decision Making for Innovation

Duration

13 weeks

Study method

100% Online

Available loans

HECS-HELP
FEE-HELP

Assessments

100% online

Prior study

Not required

With a network of campuses spanning three cities in South East Queensland, Griffith University is committed to progressive multidisciplinary teaching and research and a valuable online provider with Open Universities Australia. Already attracting students from over one hundred countries, Griffith's dedication to academic excellence is available across Australia through OUA.

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2023

Subject details

What you'll learn

After successfully completing this subject, you should be able to:

Discuss a range of key business strategy and innovation theories and models, including being able to determine which model/theory applies to specific types of companies, economies and industries.
Critically analyse business cases in developing, implementing, and managing technology and innovation from a strategic perspective.
Apply the theories and models to interpret, analyse and make recommendations on practical business technological innovation challenges and problems.

Assurance of Learning:

This course evaluates student performance for Assurance of Learning purposes for the program learning objective (PLO): Develop and apply interdisciplinary perspectives to contemporary business practices.

Topics covered

- Technological innovation and importance of strategy for sustainable development
- Industry Dynamics of Technological Innovation (1): Sources, Types and Patterns of Innovation
- Industry Dynamics of Technological Innovation (2): Competition
- Industry Dynamics of Technological Innovation (3): Timing of Entry
- Formulating Strategy for Technological Innovation (1): The organizational Strategic Direction
- Formulating Strategy for Technological Innovation (2): Collaboration Strategies
- Formulating Strategy for Technological Innovation (3): Protecting Innovation
- Implementing Strategy for Technological Innovation (1): Organizing for Innovation
- Implementing Strategy for Technological Innovation (2): New Product Development and Responsible Innovation towards Sustainable Development
- Implementing Strategy for Technological Innovation (3): Innovation Teams for New Product Development
- Implementing Strategy for Technological Innovation (4): Crafting a deployment strategy
- The future of strategic innovation and technology

Entry requirements

No eligibility requirements

Additional requirements

No additional requirements

Description

In this course, decision making processes for innovative approaches will be reviewed to tackle business challenges including wicked problems. The impact of leadership and management in terms of decision making in organisations will be addressed through strategies including the use of artificial intelligence and interaction with digitisation to engage and optimise decision making. The aim is to give students the scope to maximise decision making processes in problem solving for all stakeholders in the environment of current and global business issues.

Assessments

Online Quiz (20%)
Presentation (30%)
Case Analysis Report (50%)

Textbooks

For textbook details check your university's handbook, website or learning management system (LMS).

Related degrees

Undergraduate GRF-BUS-DEG-2023

Bachelor of Business

6 available majors

Major in Marketing
Major in Human Resource Management
Major in Management
Major in Innovation and Entrepreneurship
Major in Sport Management
Major in Logistics and Supply Chain Management