Innovative Product Development

Basic studies in industrial management and project management

In the course, students will become knowledgeable about innovation processes, innovative product development, and how to enhance product innovation in organizations.

By the end of the course, students should be able to understand the basic frameworks and analytical tools of innovative product development and how to apply them in practice to developing an innovative product concept, as well as how organizations create value through innovation and develop capabilities for continuous innovation.

More specifically:

1. Understand human-centered innovative product development processes, as well as their strengths and limitations, from ideation and planning to product concept selection
2. Apply new product development frameworks and analytical tools with strong user and customer orientation
3. Describe and demonstrate how value is created and appropriated in innovative product development, including through managing intellectual property rights (IPR)
4. Understand practices and capabilities that create value and enhance innovativeness in organizations, and evaluate their benefits, limitations, and challenges
5. Develop an innovative product concept in a team applying knowledge learnt in the course.

Additionally, the course develops:

• problem-solving and decision-making (application of knowledge to problems),
• analytical and critical thinking (assessment and interpretation of knowledge),
• ethics, responsibility and sustainability (recognizing and evaluating sustainable action, responsible creative work),
• interpersonal and communication skills (group work, written and oral expression, English), and
• digital skills (technology-mediated creative work, reporting, presentation media).

Coursebooks: 1) Tidd, J.; Bessant, J. (2018) Managing Innovation. Wiley; 2) Ulrich, K.T.; Eppinger, S.D.; Yang, M.C. (2019) Product Design and Development. McGraw-Hill (or newer editions available in Tritonia); Also Lecture slides and videos, and other materials available in the course page.

Responsible organization: School of Technology and Innovations, University of Vaasa

NB! TUTA2270 Innovative Product Development replaces the old TUTA2230 Innovative Product Development and Product Lifecycle Management. If you have completed the old one, you cannot complete this course due to overlapping content.

Requisites for Open University students: 1) Maximum of 5 students can be accepted, 2) Meeting the course prerequisites, and 3) Same teaching and assessment methods are applied to all course students.