Part I Introduction (8 hs)

Technology: nature and perspective of analysis (2hs)

Differences between the supply and the demand side

• Market and production, equilibrium and disequilibrium, equilibrium with shocks, non equilibrium and dissipative structures (irreversibility, self-organization and the role of institutions)

References

• *Arrow K. 1962. Economic Welfare and the Allocation of Resources for Invention
• Pasinetti LL. 1981. Structural Change and Economic Growth: A Theoretical Essay on the Dynamics of the Wealth of Nations. Cambridge: Cambridge University Press. (1 Introduction)
• *Dosi G, and Grazzi M. 2010. On the nature of technologies: knowledge, procedures, artifacts and production inputs. Cambridge Journal of Economics  34 (1):173-184.
• *Dosi G, Orsenigo L. 1988. Coordination and Transformation: An Overview of Structures, Behaviours and Change in Evolutionary Environments. In Dosi G, et al. (eds.) Technical Change and Economic Theory. London: Pinter Publisher.
• * Arthur BW. 2011 The Nature of Technology: What it is and How it Evolves. New York: Free Press.
• Nicolis G, Prigogine I. 1971. Self-Organization in Non equilibrium Systems: From Dissipative Structures to Order Through fluctuation. New York: Wiley.

Innovation: a background (4hs)

References

• Paoli M. 1992. Progresso Tecnico e Processi innovativi. Torino: Giapichelli.
• *Fagerberg J., Mowery DC, Nelson RR. (Eds.) 2006. The Oxford Handbook of Innovation. Oxford: Oxford University Press.
• *Dosi G. 1988. Sources, Procedures, And Microeconomic Effects Of Innovation. Journal of Economic Literature 26, 3.
• *Dosi G. 1982. Technological Paradigms and Technological Trajectories. A Suggested Interpretation of the Determinants and Directions of Technical Change. Research Policy, 11:3; 147:162.
• *Nelson RR, Winter SG. 1982. An Evolutionary Theory of Economic Change. Cambridge: The Belknap of Harvard University Press.

Diffusion and adoption of innovation (2hs)

References

• *Rogers EM. 2003. Diffusion of Innovations (5th). New York: Free Press.
• Turchetti G., Vitiello N., Trieste L., Romiti S., Geisler E, Micera S. 2014. Why effectiveness of robot-mediated neuro-rehabilitation does not necessarily influence its adoption? IEEE Reviews in Biomedical Engineering, 7: 143-153.
• Arthur BW. 1994. Increasing Returns and Path Dependence in the Economy. Ann Arbor: University of Michigan Press.
• Dosi G., Ermoliev Y., Kaniovski Y. 1994. Generalized Urn Schemes and Technological Dynamics. Journal of Mathematical Economics 23, 1: 1–19.

Part II Innovation management: paradigms and perspectives (6 hs)

Perspectives

References

• Dogson M, Gann DM, Phillips N. 2014. Perspectives on innovation management. In Dogson M, Gann DM, Phillips N. (eds.) The Oxford Handbook of Innovation Management. Oxford: Oxford University Press.

Dynamic capabilities

References

• Teece DJ. 2007. Explicitating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance. Strategic Management Journal 28(13): 1319-1350.
• Teece DJ, Pisano G, Shuen A. 1997. Dynamic capabilities and strategic management. Strategic Management Journal 18(7): 509-533.
• Teece DJ. 2009. Dynamic Capabilities and Strategic Management: Organizing for Innovation Growth. New York: Oxford University Press.

Absorptive capacity

References

• Cohen W, Levinthal D. 1990. Absorptive capacity: a new perspective on learning and innovation. Administrative Science Quarterly 3(6): 639–656.

Complementary assets

References

• Teece DJ. 1986. Profiting from Technological Innovation: Implications for Integration, Collaboration, Licensing and Public-Policy. Research Policy 15: 285–305.

Part III Business models for innovation (12 hs)

What is a business model? (4 hs)

References

• *Parolini C. 2011. Business Planning. Milano: Pearson.
• Abell Derek F. 1980. Defining the Business: the Starting Point of Strategic Planning. Englewood Cliffs: Prentice-Hall.
• *Chesbrough H., Rosenbloom RS. 2002. The role of the business model in capturing value from innovation: evidence from Xerox Corporation's technology spin‐off companies. Industrial and Corporate Change, 11, 3: 529-555.

Source of innovation

References

- Von Hippel. 1988. The source of Innovation. New York: Oxford University Press. Available at: : http://web.mit.edu/evhippel/www/sources.htm

- Shilling A. 2013. Strategic Management of Technological Innovation (4th ed). McGraw-Hill.

• Cohen W, Levinthal D. 1990. Absorptive capacity: a new perspective on learning and innovation. Administrative Science Quarterly 3(6): 639–656.

Whether and when? Entry strategies

References

• Shilling A. Strategic Management of Technological Innovation (4th ed). McGraw-Hill.
• Mitchell W. 1989. Whether and When? Probability and Timing of Incumbent’s Entry into Emerging Industrial Subfields. Administrative Science Quarterly 34: 208-230.

Whether and when to invest in innovation

References

• Hu Y., Oksendal B. 1998. Optimal time to invest when price processes are geometric Brownian motions. Finance and Stochastic 2: 295-310.
• McDonald R., Siegel D. 1986. The value of waiting to invest. J. Econ., 101: 707-727.

Business models for innovation (2 hs)

References

• *Tidd J., Bessant J., Pavitt K. 1997. Managing Innovation. Integrating Technological, Market and Organizational Change. West Sussex: John Wiley& Sons. (It. Trans. 1999. Management of Innovation. Milano: Guerini e Associati.)
• Chesbrough H. 2006. Open Business Models: How to Thrive in the New Innovation. Cambridge(MA): Harvard Business Press. (It. Trans. 2008. Open. Modelli di Business per l’innovazione. Milano: EGEA.)

Business models based on disruptive innovation (2 hs)

References

• *Christensen CM. The Innovator’s Dilemma (3rd) 2003. Cambridge(MA): Harvard Business School.
• Christensen CM., Raynor ME. 2003. The Innovator’s Solution. Cambridge(MA): Harvard Business School.
• Corsi S, Di Minin A. 2014. Disruptive Innovation… in Reverse: Adding a Geographical Dimension to Disruptive Innovation Theory. Creativity and Innovation Management, 23, 1: 76-90.
• Corsi S, Di Minin A, Piccaluga A. 2014. Reverse Innovation at Speres. Research-Technology Management, July-August: 28-34.

Business models based on the strategic use of Intellectual properties (IPs) (4 hs)

IPRs –property rights and patents: introduction and overview

References

• Ma MY. 2009. Fundamentals of Patenting and Licensing for Scientists and Engineers. London: World Scientific.
• WIPO 2007. Patent Drafting Manual. Text available at:
• http://www.wipo.int/edocs/pubdocs/en/patents/867/wipo_pub_867.pdf
• Cornish W, Llewelyn D, Aplin T. 2013 (8th edition). Intellectual Property: Patents, Copyrights, Trademarks & Allied Rights. London: Sweet & Maxwell.
• Wallerstein MB, Mogee ME, Schoen RA. (eds.) 1993. Global Dimensions of Intellectual Property Rights in Science and Technology. Washington D.C.: National Academy Press. (part IV ch. 10; part V)

Market for technology and intermediaries of innovation

References

• Teece D. 200. Managing Intellectual Capital. Oxford: Oxford University Press.
• Gans J., Hsu D, Stern S. 2002. When does Start-Up Innovation Spur the Gale of Creative Destruction? RAND Journal of Economics 33, 6: 571: 586.
• *Chesbrough H. 2006. Open Business Models: How to Thrive in the New Innovation. Cambridge(MA): Harvard Business Press. (It. Trans. 2008. Open. Modelli di Business per l’innovazione. Milano: EGEA.

Strategic use of IPs

References

• *Chesbrough H. 2006. Open Business Models: How to Thrive in the New Innovation. Cambridge(MA): Harvard Business Press. (It. Trans. 2008. Modelli di Business per l’innovazione. Milano: EGEA.

• Copy left and new makers – Introduction

References

• Anderson C. 2014. Makers: The New Industrial Revolution. New York: Crown Businss.
• Lessig L. 2002. The Future of Ideas: The Fate of the Commons in a Connected World. London: Vintage.
• Lessig L. 2017. Free Culture. Independently published.

Economic evaluation of innovation

Evaluation of innovation activities

References

• *Shilling A. 2013. Strategic Management of Technological Innovation (4th ed). McGraw-Hill.
• Robert S. Pindyck 2008. Lectures on real options. I-III. Available at the web address: http://web.mit.edu/rpindyck/www/Courses/RO_P1_Handout%20Slides.pdf
• Tsujimura M. 2010. Assessing Alternative R&D Investment Projects under Uncertainty Processes. Annual International Conference “Real Options. Theory meets practice”.
• Di Masi JA. 2001. Risk in new development: Approval success rate for investigational drugs. Clinical Pharmacology & Therapeutics 69: 297-307.

HTA and methods of economic evaluation of innovation in healthcare (4 hs)

References

• Drummond MF. et al. 2005. Methods for the Economic Evaluation of Health Care Programmes. Oxford: Oxford University Press.
• Trieste L, Lorenzoni V, Turchetti G. 2017. Razionale e strumenti della valutazione economica in sanità. In Manzi P, Carnevali L. (eds.). Manuale di Governance Sanitaria. PM Edizioni, pp. 427-440.

Additional material, case studies/examples will be available during the course. Specific chapters of books or article indicated in the references as well as course contents’ changes will be indicated during the course.

* highly recommended reference. The other references are indicative for an advanced course.

See Syllabus

1st submission and presentation (for each student group)

The paper (min 3,000, max 5,000 words) will be articulated as follows:

1) Title

2) Abstract;

3) Introduction;

4) Description of the selected technology/service (technical description, strength and weaknesses, its degree of novelty with respect to the state of the art), if it is a supporting (incremental or radical) or disruptive innovation;

5) Existing and potential market (also considering substitutive and complementary technologies and standards);

6) Potential barriers to the diffusion of the selected technology/services;

7) How to overcome the barriers;

8) Conclusions

A 15 minutes presentation of the paper; 10 minutes for questions and answers.

For final evaluation, please indicate who did what as a footnote.

2nd submission and presentation (for each student group)

Submission of the second paper on the business model for the service/product selected by the student group.

The business model report will be articulated as follows:

1) Description of the supply system (product and service offered)

2) Market analysis and description of the market target;

3) Description of the internal organizational and resources, the supply chain for delivering the service/product

4) Communication strategies;

5) Pricing and costs, projection o revenues

A 15 minutes presentation of a Business model Canvas that summarizes the business model; 10 minutes for questions and answers.

For final evaluation, please indicate who did what as a footnote.

How

Students are expected to:

1. a) attend all the lessons;
2. b) actively participate to the discussion;
3. c) individually and/or involved in group, submit:

1) a paper on the first part of the course, with a focus on their research project (see Appenedix A);

2) a business model and or/a business plan based on the product/technology developed in their course (see Appenedix A).

Final grades

Final grades are obtained assigning the following weights:

class,

participation

Ist Paper

and

presentation

business model and presentation

Total

weight

0.1

0.4

0.5

1