Study program

The Innovation Management Master's degree program lasts two years. Each year consists of 60 credits, based on the European Credit Transfer System.

The Master’s program contains 120 ECTS and consists of:

  • 30 ECTS Core Courses
  • 30 ECTS Track Electives
    • Business and Product Creation
    • Managing Innovation Processes
    • Special/ Free
  • 30 ECTS Free Electives (may include International Experience)
  • 30 ECTS Graduation project

These courses are distributed as follows:


Year 1: Program IM 
The program of the first year consists of 30 credits compulsory courses, to be taken in Quartile 1 (Q1) and 3 (Q3), and 30 credits specialization electives, to be taken in Q2 and Q4. The benefit of having a fixed program in Q1 and Q3 is twofold. First, it allows you to start the IM program in September (Q1) or in February (Q3). Second, it allows you to settle a bit, experience some IM topics and see what they find interesting, before choices on electives have to be made (either in Q2 or Q4).At the end of Q1 or Q3 (depending on when you started the program), you have to choose one of the following tracks:

• IM Track 1   Business and Product Creation
• IM Track 2   Managing Innovation Processes
• IM Track 3   Special / Free Track

Each track features a set of electives that deepen your knowledge in a particular IM domain. All IM tracks are explicitly oriented towards understanding, modeling, and redesigning innovation processes. 

Year 2: Program IM In the second year there is much room for personal choices. There is ample opportunity to go abroad and gather 'international experience', which is highly recommended. It is possible to pick up to 30 ECTS of Free Elective Courses at a foreign university. A literature review to prepare for the master's thesis project may be one of them. Our thesis mentors are flexible to supervise you through email or Skype meetings. In the last two quartiles of the second year you conduct your Master's Thesis Project (30 ECTS) in a company.

Core Courses

The following courses are mandatory for the Innovation Management Master:

Quarter

 

Course

EC

1

1JM06

Human Aspects of Innovation

5

1

1ZM16

Management of Product Development

5

1

1ZM31

Multivariate Statistics

5

3

1ZM11

Marketing & Innovation

5

3

1BM56

Business Intelligence

5

41ZM65System Dynamics5

Track Business and Product Creation

The track Business and Product Creation emphasizes the front-end of the innovation process, where individuals think about setting up their own business, and where established companies start the development of new and innovative products. The track teaches students the essence of creative idea generation, opportunity identification, entrepreneurial actions, and initiating breakthrough projects. You will learn how ideas and products move through the development stages before they are launched to the market. Special attention is hence given to radically new products, exploring new contexts, and being successful in new and emerging markets. The track Business and Process Creation involves product and service innovations and offers structured models and validated techniques to aid decision-making. 

This track emphasises the creative, entrepreneurial, and breakthrough aspects of innovation processes and prepares you for job market positions like product developer, innovation strategist, innovation manager, strategy consultant, business developer, and project manager in new domains like smart cities, and smart energy. These positions are offered by multinational companies, medium and small enterprises, and governmental organizations. Alternatively, this track provides you with the perfect background for starting your own company. The Business and Process Creation track is less quantitative than the alternative track, Managing Innovation Processes. Instead, it focuses on creative thinking and preparing for experimentation in emerging new markets. 

Within this track you can choose 5 out of the following 9 specialization electives*.

Quarter

Code

Specialization Elective Course

EC

2

1BM70

Health Care Business Networks

5

2

1JM30

Managing Team Dynamics & Team Performance 

5

2

1ZM20

Technology Entrepreneurship

5

2

0HM220

Network Society

5

2

1ZM120

Entrepreneurial Marketing

5

4

1BM20

Software Requirements Management: Quality and Functionality 

5

4

1ZM60

Selling New Products

5

4

1ZM70Entrepreneurial Finance5

4

1ZM90

Open Innovation

5

 * One of the 5 recommended courses might be exchanged by a free elective.

Furthermore, this track has one restricted elective course in Q4, 1ZM100: Design Project for Business and Product Creation. The purpose of the design project is to integrate the knowledge you have learned across courses in the track by designing an innovative solution to a practical business problem.

Track Managing Innovation Processes

The track Managing Innovation Processes focusses on the planning and optimization of the innovation process, business strategy, continuous improvement, analyzing the market, managing supporting processes such as IT and human capital, securing efficiency and milestones. It focuses on larger innovation projects (in terms of budget) and emphasizes the decisions that managers have to make to move new products through the development stages and finally launch it on the market. Good decisions require a combination of hard data and clever interpretation, which is why courses in this track teach you in-depth knowledge on marketing research, process management, product lifecycle management, big data intelligence, sales management, after-sales service management, and product and process quality and reliability.

The Managing Innovation Processes track is more operations-focused and quantitative in nature than the Business and Process Creation track. The Managing Innovation Processes track prepares you for job market positions like business analyst, business engineer/architect, marketing manager, marketing consultant, key account manager, sales manager, service manager, or manager R&D department. Although some positions can be found in small and medium sized enterprises, much of the positions concentrate in larger, often multinational corporations. So, if you want to engage in managing and controlling effective development of products and processes in larger businesses, this track is a great choice.

Within this track you have one restricted elective course in the 4th Quarter:

Within this track, you can choose 5 out of the following 9 specialization electives*.

Quarter

Code

Specialization Elective Course

EC

2

1BM05

Business Process Management

5

2

1JM30

Managing Team Dynamics & Team Performance 

5

2

1ZM35

Strategic Sourcing & Supply Management

5

2

1ZM40

Strategy & Technology Management

5

2

1ZM55

Service Engineering & Marketing

5

4

1BM65

IT-Governance

5

4

1CM15

Project & Process Management

5

4

1ZM60

Selling New Products

5

4

1JM21

Designing effective performance management systems

5


  * One of the 5 recommended courses might be exchanged by a free elective.