Course description

Foundations of Innovation and Corporate Entrepreneurship


This course introduces students to frameworks of understanding concepts and principles in innovation theory and research. The course aims at providing an understanding of the different aspects of the innovation process at the firm level and its relationship with economic growth and welfare.

Course content

  • Role of innovation at the macro level
  • Processes of innovation at the firm level
    • Innovation Models and Processes
    • Capabilities for Innovation
    • Absorptive capacity
    • Types of innovation
    • Exploration and Exploitation
    • Innovation Networks and process perspectives on innovation
    • Value Creation and Value Capture
    • Management of Innovation
  • Innovation Policy
    • Several frameworks for innovation policy (including Systems of innovation)
    • Seminar and group exercise at the Norwegian Research Council (with students from other institutions)

Learning outcome knowledge

The students should during the course have acquired knowledge on why and how innovations happen.  They should understand aspects of the process through which innovation occurs through a number of theoretical and applied perspectives. These perspectives should give insight to what influences innovation.

Exam organisation

  • Class participation: 20%
  • Written exam: 80%