International Finance
Bachelor	TR-NQF-HE: Level 6	QF-EHEA: First Cycle	EQF-LLL: Level 6

General course introduction information

Course Code:

ISLT427

Course Name:

Innovation Management

Course Semester:

Fall

Course Credits:

Theoretical	Practical	Credit	ECTS
3	0	3	6

Language of instruction:

Course Requisites:

Does the Course Require Work Experience?:

Type of course:

Faculty Elective

Course Level:

Bachelor

TR-NQF-HE:6. Master`s Degree

QF-EHEA:First Cycle

EQF-LLL:6. Master`s Degree

Mode of Delivery:

Face to face

Course Coordinator :

Dr.Öğr.Üyesi CEYDA OVACI

Course Lecturer(s):

Dr.Öğr.Üyesi CEYDA OVACI

Course Assistants:

Course Objective and Content

Course Objectives:

Definition of innovation; characteristic of innovation; sources of innovation; creativity; creativity processes, factors and conditions that prevent creativity; the differences between creativity and innovation; types of innovation; process of innovation; innovation models; diffusion of innovation; Intellectual property rights; innovation based strategies as a source of competitive advantage; implementation of innovation strategies; management of innovation; innovation clusters and national innovation systems; crowdsourcing of innovation; developing innovative user communities; the challenges and opportunities of co-creation.

Course Content:

Learning Outcomes

The students who have succeeded in this course;

Learning Outcomes

1 - Knowledge
Theoretical - Conceptual
1) • Explain how innovation process start and forms of idea generation
2 - Skills
Cognitive - Practical
1) • Explain why companies use innovation strategies to gain competitive advantage in foreign trade
3 - Competences
Communication and Social Competence
Learning Competence
Field Specific Competence
1) • List and explain innovation models
Competence to Work Independently and Take Responsibility

Lesson Plan

Week	Subject	Related Preparation
1)	• Business plan presentations	Preparation for business plan presentation
1)	•• Describe the course. • Explain expectations • Illustrate how to prepare Business Plan project • Decide the project groups
2)	• Describe the different strategic view on innovation definitions • Explain the fundamental notions on innovation • Explain how to distinguish innovation and other terms related to innovation • Describe globalization and its effects on global economy • Illustrate how economy change with technological improvements • Explain and discuss case study 1	Review the Syllabus. Log onto the OLB system to get familiarized with the course content and materials. Read Case Study 1 and be prepared to discuss in class.
3)	• Explain the definition of creativity • Identify creativity process: preparation, incubation, the emergence of creativity, evaluation and selection of ideas • Explain how to enhance creativity thinking • Identify how to use creativity thinking to generate innovative ideas • Discuss how to find ideas that make difference in the global market	Read Case study 2 and be prepared to discuss in class. Review class material and preparation for project
4)	• List and explain different types of innovation • Discuss how to categorize innovation types • Describe differences between innovation types • Discuss how companies use innovation types • Explain and discuss case study 3	Individual study: Internet research. Find creative ideas samples. Read Case Study 3 and be prepared to discuss in class.
5)	• Explain how innovation paradigm has changed over time • Explain first generation (1950s- 1960s) of innovation models • Describe second generation (1960s-1970s) of innovation models • Identify third generation (1970s-1980s) of innovation models • Explain fourth generation (1980s-1990s) of innovation models • Explain fifth generation (2000th- ) of innovation models • Identify innovation approaches of national and international companies • Explain and discuss case study 4	Continue research and work on final project. Read Case Study 4 and be prepared to discuss in class.
6)	• Explain how to process innovation in a strategic manner • Illustrate steps of innovation • Explain how to design and develop innovative ideas • Explain how to make market and pilot testing • Discuss production engineering process • Describe launching process of innovation • Explain how to commercialize ideas in national and international markets • Explain and discuss case study 5	Video: En iyi inovasyon örnekleri ile ilgili videoyu izleme Örnek Olay 4’ü okuma ve sınıfta tartışmak üzere hazırlanma proje sunumu ile ilgili çalışma
7)	• MIDTERM • Explain sources of innovation • Describe inbound innovation • Identify outbound innovation • Explain co-creation paradigm • Describe spillovers, startups, spinoffs, angel capital • Explain case study 6 (pp: 99-104)	Research: find a brand’s innovation story and explain it in class. Continue research and work on final project. Read Case Study 6 and be prepared to discuss in class.
8)	• Explain definition of intellectual property • Identify different types of intellectual property rights • Describe the benefits conferred by intellectual property rights • Explain how to use intellectual property rights to create value for creators • Explain how to register to protect innovative ideas • Describe institutions and individuals associated with each intellectual property right. • Explain and discuss case study 7	Individual Study on online innovation platforms Continue research and work on final project. Read Case Study 7 and be prepared to discuss in class.
9)	• Explain the definition of strategy • List and explain hierarchy of strategies • Identify innovation strategies and strategic challenges for firms • Describe how to decide strategic problems: whether to enter? When to enter? Where to enter? • Explain and discuss case study 8	Continue research and work on final project. Read Case Study 8 and be prepared to discuss in class.
10)	• Explain the function of management • Describe how to organize firms to innovate • Identify how to control innovation management • Explain how companies create an effective environment for innovation • Describe how to manage individual or teams to effectively innovate • Identify how to find new opportunities • Describe how to design an innovation culture • Explain and discuss case study 9	Continue research and work on final project. Read Case Study 9 and be prepared to discuss in class.
11)	• Explain definition of cluster • Identify characteristic an attributes of clusters • Describe the factors that cause clusters to generate high rates of innovation • Explain evaluation the range of policies available to promote the growth and development of clusters • Explain and discuss case study 10	Continue research and work on final project. Read Case Study 10 and be prepared to discuss in class.
12)	• Explain the definition of co-creation • Describe co-creation theory • Identify how companies reach innovative ideas outside their borders • Describe how stakeholders could be motivated to share their ideas • Explain how to make dialog with innovators • Illustrate how companies and innovators access information • Explain how to make risk evaluation • Describe how stakeholders and companies could be transparent to each other’s • Explain and discuss case study 11	Individual study: research E-Hike Continue research and work on final project. Read Case Study 11 and be prepared to discuss in class.
13)	• Explain the institutions and policies that influence the rate of innovation • Describe national innovation policy and future of innovation in Turkey • Explain the international policies that contribute to innovation • List and explain national and international innovation organizations and non-profit organizations • Identify benefits of being a member of innovation organization • Explain and discuss case study 12	Individual study: research co-creation samples. Continue research and work on final project. Read Case Study 12 and be prepared to discuss in class.
15)	final exam

Sources

Course Notes / Textbooks:

Mavi Okyanus Stratejisi: Çekişmesiz Pazar Alanı Yaratmak ve Rekabeti Etkisiz Kılmak
W.Chan Kim, Rene Mauborge
©2005 | CSA Yayın Ajansı| 2. Baskı
ISBN- 9789758828203

İnovasyon Seferi
GIJS Van Wulfen
©2015 | Optimist Yayınları| 1. Baskı
ISBN- 9786053222446

Exploring Innovation
David Smith
©2010 | McGraw-Hill Higher Education | Published: 201o | 2th Edition
ISBN-13 978-0-07-712123-5| ISBN-10 0-07-712123-6

References:

None

Course-Program Learning Outcome Relationship

Learning Outcomes	1	2	3
Program Outcomes
1) Explain the essential body of knowledge in the area of banking and insurance, including evolution of the discipline, the state-of-the-art concepts, scientific methodology, theories and models.
1) -explain the essential body of knowledge in the area of banking and insurance, including evolution of the discipline, the state-of-the-art concepts, scientific methodology, theories and models.
2)  employ the appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in the related areas, interpret results and propose solutions.
2) Employ the appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in the related areas, interpret results and propose solutions.
3)  recognize and assess legal environment in banking and insurance industries
3) Recognize and assess legal environment in banking and insurance industries.
4) Explain ongoing operational and managerial methods in banking and insurance industries.
4)  explain ongoing operational and managerial methods in banking and insurance industries.
5) Discover and create entrepreneurial opportunities and expertise to successfully establish and develop their own ventures.
5)  discover and create entrepreneurial opportunities and expertise to successfully establish and develop their own ventures.
6)  develop the capacity to assess current global economic issues.
6) Develop the capacity to assess current global economic issues.
7)  express he role of international capital markets in the global economy; accordingly define the concept of risk in terms of measurement and management.
7) Translate and explain the content of the documents written in English related to the field .
8)  translate and explain the content of the documents written in English related to the field .
8) Express he role of international capital markets in the global economy; accordingly define the concept of risk in terms of measurement and management.
9) Identify standards of personal, professional, social and business ethics, evaluate the ethical implications of various practices in the related areas, and be aware the importance of ethical behavior in adding value to the society.
9)  identify standards of personal, professional, social and business ethics, evaluate the ethical implications of various practices in the related areas, and be aware the importance of ethical behavior in adding value to the society.

Course - Learning Outcome Relationship

No Effect	1 Lowest	2 Low	3 Average	4 High	5 Highest

	Program Outcomes	Level of Contribution
1)	Explain the essential body of knowledge in the area of banking and insurance, including evolution of the discipline, the state-of-the-art concepts, scientific methodology, theories and models.
1)	-explain the essential body of knowledge in the area of banking and insurance, including evolution of the discipline, the state-of-the-art concepts, scientific methodology, theories and models.
2)	 employ the appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in the related areas, interpret results and propose solutions.
2)	Employ the appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in the related areas, interpret results and propose solutions.
3)	 recognize and assess legal environment in banking and insurance industries
3)	Recognize and assess legal environment in banking and insurance industries.
4)	Explain ongoing operational and managerial methods in banking and insurance industries.
4)	 explain ongoing operational and managerial methods in banking and insurance industries.
5)	Discover and create entrepreneurial opportunities and expertise to successfully establish and develop their own ventures.
5)	 discover and create entrepreneurial opportunities and expertise to successfully establish and develop their own ventures.
6)	 develop the capacity to assess current global economic issues.
6)	Develop the capacity to assess current global economic issues.
7)	 express he role of international capital markets in the global economy; accordingly define the concept of risk in terms of measurement and management.
7)	Translate and explain the content of the documents written in English related to the field .
8)	 translate and explain the content of the documents written in English related to the field .
8)	Express he role of international capital markets in the global economy; accordingly define the concept of risk in terms of measurement and management.
9)	Identify standards of personal, professional, social and business ethics, evaluate the ethical implications of various practices in the related areas, and be aware the importance of ethical behavior in adding value to the society.
9)	 identify standards of personal, professional, social and business ethics, evaluate the ethical implications of various practices in the related areas, and be aware the importance of ethical behavior in adding value to the society.

Learning Activity and Teaching Methods

Field Study
Expression
Brainstorming/ Six tihnking hats
Individual study and homework
Lesson
Group study and homework
Lab
Reading
Homework
Problem Solving
Project preparation
Report Writing
Q&A / Discussion

Assessment & Grading Methods and Criteria

Written Exam (Open-ended questions, multiple choice, true-false, matching, fill in the blanks, sequencing)
Oral Examination
Homework
Individual Project
Group project
Presentation
Reporting
Bilgisayar Destekli Sunum
Case study presentation

Assessment & Grading

Semester Requirements	Number of Activities	Level of Contribution
Attendance	1	% 15
Presentation	1	% 25
Midterms	1	% 20
Final	1	% 40
total		% 100
PERCENTAGE OF SEMESTER WORK		% 60
PERCENTAGE OF FINAL WORK		% 40
total		% 100

Workload and ECTS Credit Grading

Activities	Number of Activities	Workload
Course Hours	15	45
Study Hours Out of Class	13	91
Presentations / Seminar	15	15
Midterms	1	7
Final	1	14
Total Workload		172