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Management of Innovation and Business Development focuses on innovation from different perspectives including strategy, project management, entrepreneurship, management control and finance.
To remain innovative, companies need to develop new products and do it quickly. Innovation and it's ability to create competitive advantage for firms is the very core of this concentration. Through an introduction to the theory and practice of innovation, you will learn to develop an innovative mindset.
To manage a company effectively through innovation and business development, you need structured and informed analysis. Each innovation has different aspects, some referring to its value proposition, some to its future users, some to probable responses from its competition, and so forth. An innovation does not become successful by taking a one-sided focus on these aspects. You will learn about the processes of identifying ideas for innovation, strategies in different types of companies as well as how innovation can become a part of the overall strategy of a company. You will also gain knowledge on how to put innovation on the corporate strategy agenda.
You will learn the skills of managing innovation and business development projects, such as attracting venture capital and making budgets and draft and assess business plans. This is important both for designing your own viable project, but also to assess the quality of projects presented to you by others. You will also learn about the core aspects of management control and financial management in relation to innovation projects. You will gain knowledge of how to forecast the future needs of a company for product innovation in order to secure future revenue earning opportunities.
Open Innovation is one of the central concepts with which you will become familiar. Open Innovation implies the tendency that innovation processes increasingly require collaboration with several stakeholders, users, suppliers, experts, etc.
This concentration will not only teach you innovation in well-established companies, but also innovation as part of the establishment of new companies. The focus is on entrepreneurship in relation to innovation and the start-up of a new company based on recent scientific research in the field of entrepreneurship and cases from the real world. Entrepreneurship involves, among other things, creating new businesses, developing business plans, recognising, capturing and exploiting opportunities, and assessing the advantages and disadvantages of a start-up. By learning to balance external opportunities and internal resources, you will learn to build a bridge between the entrepreneurial drive for innovation and the companys financial reality and cost constraints.
In order to work in knowledge intensive companies you will acquire skills to identify and structure ideas for innovation and business development and make plans for their implementation. In order to do so, you are also provided with a thorough understanding of company organisation, project management tools, and relevant tools in management and financial control.
What gets you the job?
In order to address the uncertainties of innovation, entrepreneurship and business development you learn to:
* Develop innovation strategies
* Organise and manage innovation projects
* Manage knowledge as a resource for innovation
* Manage intellectual capital
* Design business models for innovation
* Align innovation with market development
* Manage and control innovative firms, including entrepreneurial start-ups
* Attract venture capital.
Career opportunities
You will be qualified for positions in a broad range of business functions in knowledge-intensive companies, e.g. as management consultant, controller and business developer, in jobs relating to project and product management and organisational development or as entrepreneur and manager of innovative start-ups.
Management of Innovation and Business Development is a two-year master programme divided into four semesters. The autumn semester runs from September through December with exams in October, November and January; and the spring semester from February through April with exams in April, May and June.
The first and second semester consist of mandatory courses, the third semester of elective courses and the fourth semester completes the programme with a master thesis.
In the Management of Innovation and Business Development concentration you will gain project writing skills throughout the first year. You will write small projects during the first semester and engage in a larger group-based integrated project in your second semester, where you also will include theory from different courses within the first year. This will prepare your writing skills for the master thesis in the fourth semester.
Additional options
Exchange
You have the opportunity to apply for a period of study abroad for a semester at one of CBS partner universities.
Double degree
CBS and Università Bocconi in Milan, Italy have signed a double degree agreement for the MIB concentration. This means that if you choose the MIB concentration, you will have the possibility of studying at Bocconi for one year after having completed your first year at CBS.
CEMS
When studying Management of Innovation and Business Development, you can apply for the CEMS MIM, which is a double degree in international management. It provides you with both the MSc degree and the CEMS in International Management degree.
(OBS link til CEMS siden)
Course overview
1. Semester
* Introduction (- ECTS)
* Innovation and Knowledge (15 ECTS)
* Entrepreneurship (7.5 ECTS)
* Project Management and Product Development (7.5 ECTS)
2. Semester
* Strategy and Market Development (10 ECTS)
* Management Control and Finance (10 ECTS)
* Integrated Project (10 ECTS)
3. Semester
* Electives (30 ECTS)
4. Semester
* Master Thesis (30 ECTS)
Want to improve your English level for admission?
Prepare for the program requirements with English Online by the British Council.
- ✔️ Flexible study schedule
- ✔️ Experienced teachers
- ✔️ Certificate upon completion
📘 Recommended for students with an IELTS level of 6.0 or below.
Scholarship
CBS welcomes scholarship applications from graduate applicants, who come from countries outside of EU/EEA and need a student residence permit to study at CBS, regardless of gender, age, nationality and religion - we are interested in your motivation and your academic background.
Facts:
Each scholarship consists of a tuition fee waiver and a monthly scholarship of DKK 5,500 to cover living costs in Denmark (the equivalent of SU, the State Educational Grant given to Danish students). The grant is paid out in advance every month and has a maximum duration of 22 months, starting 1 September the year you are accepted. The grant is taxable in Denmark according to the rules and regulations governing income from grants and tax exemption for developing countries.
In 2012 CBS offered 25 scholarships.
Who:
You may be considered for a scholarship if you:
* are a non-EU/EEA citizen
* need a student residence permit to study at CBS
* apply online at Admission Flow by 1 February, 12 noon
* upload documentation and a motivational essay by 1 February, 12 noon
Students who receive a CBS scholarship may not receive a scholarship from their home country and are not entitled to SU (Danish State Educational Grant) or any other type of public support in Denmark.
To keep receiving the scholarship, recipients must be active students throughout the prescribed duration of their studies at CBS.
Procedure:
If you wish to be considered for a scholarship, you must apply for admission no later than 1 February 12 noon - no matter if you are a Group A or a Group B applicant at Admission Flow.
When you apply for admission you must indicate that you wish to be considered for a scholarship and you are to upload a motivational essay. A selection committee will make a recommendation to the CBS President, who will make the final decision as to which applicants will be offered a scholarship.
Applicants who are offered a scholarship will be notified of this by 1 March at the latest via Admission Flow. If you are offered a scholarship, you have until 15 March 12 noon to accept the scholarship.
Accreditation
Since 2000 CBS has been accredited by EQUIS, and since 2007 also by AMBA. August 1st 2011 CBS received accreditation by AACSB (Association to Advance Collegiate Schools of Business) as the first school in Scandinavia. CBS has thus acquired 'The Triple Crown', an acknowledgement only shared by around 50 business schools worldwide. These schools all belong the the absolute top business schools and include schools such as INSEAD, London Business School, IMD, and Rotterdam School of Management.
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