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Level 7 Diploma in Strategic Management and Leadership

Types of innovation and the climate for creativity

SL707 · Entrepreneurship and Innovation — Week 3 of 16

CourseSL707
Week3 of 16
SemesterI
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This week’s topics

Types of innovation and the climate for creativity

  1. Types of innovation: product development; market development; business model innovations
  2. Increasing efficiency and developing cost advantage, e.g. outsourcing, changing production methods, remodelling the supply chain, electronic ordering and invoicing
  3. Improving processes
  4. Anderson and West’s four factor theory of group climate for innovation: vision, participative safety, task orientation and support for innovation

What you will be able to do

  • 2.1 Evaluate methods for encouraging creativity and innovation in organisations.

Study materials

The teaching notes, exercises and videos of this week are in the student portal. Your portal is set up as soon as you receive final acceptance, so you can open them before the semester starts.
Week 2Week 4
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Admitted students ask questions on this week’s page in the student portal: an AI assistant trained on the course answers first, and during the course’s timetabled classes Connect to your tutor brings your tutor into the chat, who may start a call if needed.

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Course plan
  • Week 1: Nature, characteristics and challenges of establishing an e…
  • Week 2: Entrepreneurial skills and attributes; successful commercia…
  • Week 3: Types of innovation and the climate for creativity
  • Week 4: Models and tools for creative and innovative solutions
  • Week 5: Selecting and developing creative and innovative ideas
  • Week 6: Leading others to embrace innovation and change
  • Week 7: Sources of business ideas and analysing new ideas
  • Week 8: Midterm evaluation
  • Week 9: Intellectual property and new business ideas
  • Week 10: Production and marketing feasibility of new business ideas
  • Week 11: Business planning forecasts using financial techniques
  • Week 12: Elements and structure of a business plan
  • Week 13: Funding, markets and pitching the business plan
  • Week 14: Control and monitoring mechanisms for the business plan
  • Week 15: Review and coursework completion
  • Week 16: Final evaluation and project assessment
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